5120 E Livingston Drive, Long Beach, California 90803, Long Beach, 90803 - bed, bath
5120 E Livingston Drive
Long Beach, California 90803
Property Price
SUMMARY
Analysis of 5120 E Livingston Drive, Long Beach, California 90803 is currently available with a list price of $12,200,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Long Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1943, the property has undergone extensive and recent renovations. The listing explicitly states that 'all 1-bedroom, 1-bathroom units' have been 'remodeled with modern kitchens and bathrooms.' Images confirm this, showcasing contemporary white shaker cabinets, dark solid-surface countertops, stainless steel appliances (including a dishwasher and in-unit washer/dryer combo), modern light fixtures, and updated tile flooring in kitchens and bathrooms. Bathrooms feature new vanities, subway tile surrounds, and modern fixtures. Furthermore, 'recent capital improvements include upgraded electrical panels and completed seismic retrofitting,' addressing major structural and system concerns. The hardwood floors throughout the living areas and bedrooms appear well-maintained. The overall condition of the renovated units and critical infrastructure is virtually new, meeting current quality standards with no visible deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Naples Elementary School (10/10).
- Prime Coastal Location
Situated in the highly sought-after Belmont Shore rental submarket, just steps from the beach and in close proximity to Naples Island, 2nd Street's vibrant shopping/dining, and Alamitos Bay, ensuring high tenant demand.
- Attractive Assumable Financing
Offers attractive assumable financing at a favorable 2.97% interest rate with 60% LTV through 2030, providing a significant financial advantage for a prospective buyer.
CONSRISKS & DEFICIENCIES
- Age of Building
Constructed in 1943, the property's age, despite recent remodels, may lead to unforeseen maintenance issues with older underlying systems.
- Limited Unit Mix
The property consists exclusively of 1-bedroom, 1-bathroom units, which limits the potential tenant demographic and may not cater to families or those requiring more space.
- Limited Parking Ratio
With only 13 private garages for 26 units, the parking ratio is 1:2, which may be insufficient for all tenants in a dense coastal area where parking is often at a premium.
About 5120 E Livingston Drive
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
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1943
- Lot Size
- 15,912 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Long Beach Unified Schools
Lowell Elementary School
Grades K-5 • 0.1 mi
Naples Elementary School
Grades K-5 • 0.7 mi
Rogers Middle School
Grades 6-8 • 0.2 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 16,874 | 8,233 | 75% |
| Lot Size | 15,912 | 6,852 | 75% |
| Price | $12.20M | $2.40M | 75% |
| Price per sq ft | $723 | $468 | 75% |
| Built year | 1943 | 1945 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 346 | 238 | 0% |
Pricing History
Listed for Sale
Mar 25, 2025
$12,200,000
Initial Listing
Sold
Oct 13, 2017
$8,400,000
Public Record