Residential Income - 5120 E Livingston Drive, Long Beach, CA

$12,200,000

5120 E Livingston Drive, Long Beach, CA

5120 E Livingston Drive, Long Beach, CA 90803 - $12,200,000 · Multi-Family Home for Sale, photo 3

5120 E Livingston Drive, Long Beach, CA 90803 - $12,200,000 · Multi-Family Home for Sale, photo 4

5120 E Livingston Drive, Long Beach, CA 90803 - $12,200,000 · Multi-Family Home for Sale, photo 5

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Description

Livingston Place is a 26-unit apartment complex located at 5120 Livingstone Drive in the highly sought-after Belmont Shore rental submarket of Long Beach. Attractive assumable financing is available at 2.97% with 60% LTV through 2030. The property consists of all 1-bedroom, 1-bathroom units in varying sizes, all remodeled with modern kitchens and bathrooms. A spacious and inviting common courtyard enhances the living experience, featuring BBQ and dining facilities. Additionally, the oversized lot includes 13 private garages, adding convenience and value for residents. Recent capital improvements include upgraded electrical panels and completed seismic retrofitting. Situated in the heart of Belmont Shore, Livingston Place offers a prime location just steps from the beach and within close proximity to Naples Island, the vibrant shopping and dining scene of 2nd Street, and the picturesque Alamitos Bay.

Property details

Year built

1943

Property type

Residential Income

Lot size

15,912 sqft

Location

5120 E Livingston Drive • Long Beach, CA 90803

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Listed by

Robert Stepp · Keller Williams Realty Downey

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Closed sales reported in 90803, nearest first, last 12 months. All recent sales in Long Beach →