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5120 E Livingston Drive, Long Beach, California 90803, Long Beach, 90803 - bed, bath

5120 E Livingston Drive, Long Beach, California 90803 home-pic-0
ACTIVE$12,200,000
5120 E Livingston Drive, Long Beach, California 90803
0Bed
0Bath
16,874Sqft
15,912Lot
Year Built
1943
Close
-
List price
$12.2M
Original List price
$12.2M
Price/Sqft
$723
HOA
-
Days on market
-
Sold On
-
MLS number
PW25065019
Home ConditionExcellent
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $12.20M(80th), sqft - 16874(80th), beds - undefined(50th), baths - undefined(50th).

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.

Nearby schools

9/10
Lowell Elementary School
Public,•K-5•0.1mi
10/10
Naples Elementary School
Public,•K-5•0.7mi
7/10
Rogers Middle School
Public,•6-8•0.2mi
6/10
Wilson High School
Public,•9-12•1.1mi

Price History

Date
Event
Price
03/25/25
$12,200,000
10/13/17
Sold
$8,400,000
Condition Rating
Excellent
Despite being built in 1943, the property has undergone extensive recent renovations, as explicitly stated in the description ('all remodeled with modern kitchens and bathrooms') and supported by the images. The kitchens feature modern white shaker cabinets, dark countertops, stainless steel appliances (including a dishwasher and integrated washer/dryer), and recessed lighting. Flooring is a mix of well-maintained hardwood, modern tile, and clean carpet. Recent capital improvements include upgraded electrical panels and seismic retrofitting, indicating significant investment in major systems. The common areas and unit interiors appear virtually new and meet current quality standards, making it move-in ready with no deferred maintenance.
Pros & Cons

Pros

Prime Coastal Location: Situated in the highly sought-after Belmont Shore rental submarket, the property is just steps from the beach and offers immediate access to Naples Island, vibrant 2nd Street shopping/dining, and Alamitos Bay, ensuring high tenant demand.
Attractive Assumable Financing: A significant financial advantage is the attractive assumable financing available at 2.97% with 60% LTV through 2030, providing a substantial cost-saving opportunity for investors.
Modernized Units & Amenities: All 26 units are 1-bedroom, 1-bathroom, fully remodeled with modern kitchens and bathrooms. The property also features a spacious common courtyard with BBQ/dining facilities, enhancing resident appeal.
Key Capital Improvements & Safety: Recent capital improvements, including upgraded electrical panels and completed seismic retrofitting, mitigate future major expenses and enhance the long-term safety and value of the asset.
Valuable Private Garages: The oversized lot includes 13 private garages, offering a highly desirable amenity in a dense urban area, providing convenience and additional income potential for residents.

Cons

Building Age: Constructed in 1943, despite recent renovations and retrofitting, the underlying age of the building may still present unforeseen maintenance challenges or higher operational costs over time.
Limited Unit Mix: The property consists exclusively of 1-bedroom, 1-bathroom units, which restricts the potential tenant demographic and could limit market flexibility or future rent growth compared to a diversified unit mix.
Lack of Financial Performance Data: The provided details lack crucial financial information such as current rental income, occupancy rates, and detailed operating expenses, which are essential for a comprehensive investment analysis and valuation.

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