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5529 Dairy, Long Beach, CA 90805

Long Beach
Local realty services provided by:CENTURY 21 Masters
5529 Dairy,Long Beach, CA 90805
$3,350,000
  • 5 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: anthony walker, erik weiss
Office: buckingham investments, inc
MLS#:SB26216803
Source:San Diego MLS via CRMLS

Price summary

  • Price:$3,350,000

About this home

5529 Dairy Ave is a rare opportunity to own a turnkey 10-unit, non-rent-controlled apartment building in North Long Beach that produces strong cash flow from day one. Offered at $3,350,000, the property delivers an approximately 7% cap rate on current scheduled rents. The building was taken down to the framing in 2022 under permit and extensively rebuilt with a new roof, new electrical and plumbing systems, new HVAC, new windows, and an individual water heater for every unit. Interiors feature new cabinetry, flooring, recessed lighting, updated bathrooms, and stainless steel appliances, complemented by drought-tolerant landscaping. The unit mix consists of five 1 bed / 1 bath units and five 2 bed / 1 bath units, including three newly built ADUs. Gas and electricity are separately metered and paid directly by the tenants. Five of the ten units are master leased to a single organization, providing one rent payment each month and reduced property management demands. With every major...

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Home facts

  • Subdivision & Development:North Long Beach (NLB)
  • Listing ID #:SB26216803
  • Added:17 day(s) ago
  • Updated:October 24, 2026 at 02:17 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:4

Structure and exterior

  • Levels:2 Story

Finances and disclosures

  • Price:$3,350,000
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