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… Read More 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. Read Less
Property listed by Keller Williams - Santa Monica, Robert Stepp 310-463-2916
Listing Snapshot
Days Online
10
Last Updated
Property Type
Mixed Use
Lot Size
0.37 Acres
Year Built
1943
MLS Number
PW25065019
Additional Details
Building
Built in 1943, Building area total: 16,874, Levels: Two, 2 stories, 4 buildings, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
Community
Sidewalks
Expenses
Electric expense: $4,855, Fuel expense: $4,854, Gardener expense: $8,400, Insurance expense: $39,000, Licenses expense: $2,500, Maintenance expense: $18,200, New taxes expense: $154,833, Operating expense: $293,456, Trash expense: $4,855, Water sewer expense: $4,855, Other expense: $7,800
Garage
13 spaces
Income
Gross income: $752,626, Net operating income: $459,170
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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