5529 Dairy Avenue, Long Beach, CA 90805

• 5,765 sqft

Property Description

Price Reduction! in a lifetime 100% Renovated 10-unit Master-leased opportunity and cash flowing at an impressive 6% Cap Rate from Day 1! The offering provides investors with a turnkey opportunity to purchase a premium asset where every single unit was vacated, completely renovated and leased at market rent. The building was entirely stripped to the studs and thoroughly renovated with permits featuring a new roof, electrical system, plumbing, HVAC, water heaters, and windows. Other upgrades include new cabinets, modern countertops, new flooring, recessed lighting, updated bathrooms with new vanities and sleek bathtubs, and stainless-steel appliances. The offering brings a diverse unit mix consisting of 5 (1bed/1bath) units and 5 (2bed/1bath) units including 3 brand-new ADUs. The property is separately metered for gas and electrical utilities and each unit has its own individual water heater to further reduce operating costs. Located in prime North Long Beach just minutes from the beach, offering investors the opportunity to acquire a low-maintenance asset in a coastal rental market without premium coastal pricing! Majority of the units are master-leased by a single organization providing guaranteed cash flow and minimal vacancies. (Similar to a hassle-free NNN deal with stable in

Listing Status:

Active

Date Added:

September 18, 2025 at 05:00AM

Listing Office:

Global Platinum Properties, Inc. : 424-394-1030

Listing Agent:

Armin Soleimani : 310-666-2246

MLS ID:

CL25594549

Interior

• Heating: Wall Furnace

Exterior

• Parking: On Street

Location

• County: Los Angeles

Lot

• Zoning: LBR17126025019

This listing courtesy of Armin Soleimani, Global Platinum Properties, Inc.