
Long Beach, California 90805
Analysis of 5529 Dairy, Long Beach, California 90805 is currently available with a list price of $3,395,000. 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.
Property is new construction or fully renovated.
The property underwent a comprehensive down-to-the-studs renovation including new roof, HVAC, electrical, and plumbing. Interiors feature modern kitchens with stainless steel appliances and updated bathrooms, meeting the criteria for mint condition with no deferred maintenance.
The property underwent a comprehensive, permitted down-to-the-studs renovation including new systems, roof, HVAC, and modernized interiors, offering a maintenance-free investment.
A majority of the units are master-leased to a single organization, providing consistent cash flow, reduced vacancy exposure, and streamlined management for the owner.
With an attractive 7% cap rate and separate utility metering for gas and electricity, the property offers strong operational efficiency and minimized owner expenses.
The 10-unit community is situated on a relatively small 5,433 sqft lot, which likely results in limited on-site parking and minimal common outdoor space for tenants.
Located in North Long Beach, the property may experience slower capital appreciation compared to more premium coastal or downtown Long Beach submarkets.
Fully renovated 10-unit apartment community offering a turnkey investment opportunity at an attractive 7% cap rate. The property underwent a comprehensive, permitted renovation down to the studs, including a new roof, electrical, plumbing, HVAC, windows, individual water heaters, and modernized interiors throughout. The unit mix consists of (5) 1-bed/1-bath and (5) 2-bed/1-bath units, including three newly constructed ADUs. Separate gas and electric meters and individual water heaters help minimize operating expenses. The majority of the units are master leased to a single organization, providing consistent income, reduced vacancy exposure, and streamlined management. Conveniently located in North Long Beach with access to major employment centers, transportation, and surrounding coastal communities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 0.0 | 1.0 |
| Square foot | 5,765 | 3,749.222 |
| Lot Size | 5,433 | 5,654.444 |
| Price | $3.40M | $1.44M |
| Price per sq ft | $589 | $381 |
| Built year | 1964 | 1928 |
| HOA | $0 | $0 |
| Days on market | 21 | 92 |
Aug 19, 2026
$3,395,000
Initial Listing
Sep 17, 2020
$710,000
Public Record
Sep 10, 2014
$925,000
Public Record
Jul 23, 2012
$600,000
Public Record