5529 Dairy
Long Beach, CA 90805
Listing broker / agent: Buckingham Investments, Inc · Anthony Walker · 310-561-4776 · CRMLS
MLS # SB26216803 · Last checked Oct 20, 2026 06:27 UTC
About this property
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 building system substantially new, near-term capital expenditure requirements are minimal. As a non-LA-City rent-controlled asset, the property also allows significant 8.7% annual rent increases (5% + CPI) for future upside. The property is located roughly five miles from Douglas Park and the Long Beach Airport aerospace corridor, where Anduril, Rocket Lab, Relativity, and other major employers continue to expand, and offers convenient access to the 710, 91, and 405 freeways. A coastal-city rental market without coastal-city pricing.
Property details
- MLS number
- SB26216803
- Status
- Active
- Type
- Residential Income
- Subtype
- Apartment
- Lot size
- 0.1247 acres
- County
- Los Angeles
- Year built
- 1964
- Stories
- 2
More property detailsCollapse
Listing
- Days on market
- 3
Building
- Year built
- 1964
- Year built source
- Public Records
- Stories
- 2
- Building stories
- 2
- Levels
- Two
- Entry level
- 1
Rooms & interior
- Heating
- Wall Furnace
- Fireplace
- None
- Laundry
- Common Area
Exterior & parking
- Total parking spaces
- 0
- Garage spaces
- 0
- Pool
- None
- Lot features
- Six To Ten Units Acre
- Lot size source
- Assessor
- Property outlook
- None
Utilities & community
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
- Community features
- Urban
Nearby public schools
Nearby does not mean assigned. These are approximate straight-line distances from the property, not walking or driving routes. Confirm attendance boundaries, enrollment eligibility, grades and current school status directly with the district.
| School / district | Grades | Distance |
|---|---|---|
| Addams Elementary (school website, opens in a new tab) Long Beach Unified · Long Beach | K–5 | 0.3 mi |
| Dooley Elementary Long Beach Unified · Long Beach | K–5 | 0.6 mi |
| Lindsey Academy (school website, opens in a new tab) Long Beach Unified · Long Beach | 6–8 | 0.7 mi |
| Powell Academy for Success Long Beach Unified · Long Beach | K–8 | 0.8 mi |
| Lindbergh STEM Academy Long Beach Unified · Long Beach | 6–8 | 0.8 mi |
| Barton Elementary Long Beach Unified · Long Beach | K–5 | 1.1 mi |
| Jordan High Long Beach Unified · Long Beach | 9–12 | 1.2 mi |
| Harte Elementary Long Beach Unified · Long Beach | K–5 | 1.3 mi |
Source: California Department of Education · 2025-26 school locations. Downloaded Oct 2, 2026 UTC. This annual snapshot may not reflect later changes. Public schools only; not a complete list of education options. No ratings or attendance assignments are provided.
Check the California School Directory ↗Price and tax history
Asking price
- Current asking price
- $3,350,000
- MLS-reported original asking price
- $3,350,000
| Observed (UTC) | Asking price |
|---|---|
| Oct 6, 2026 21:04 | $3,350,000 |
MLS values are reported for this listing, not prior sales. Observation dates show when our importer saw an asking price, not when the MLS changed it. Up to 24 observations are retained; changes between refreshes may be missed. This is not a complete price or sales history.
Property taxes
Tax history is not available from the imported listing data.
Source: MLS feed. Only supplied tax years are shown, up to 10 years; this is not a county tax archive. Amounts may be corrected and taxes may change after purchase. Verify assessments and current taxes with the county. These values do not automatically fill the payment calculator.
Market trends in Long Beach
Active residential homes for sale in Long Beach, CA, available through this website's authorized feed. Includes residential subtypes; excludes rentals. Not the entire market or a valuation of this property.
Observed price activity · past 30 days
109 currently active listings have an observed price-change pair ending in this period. A listing can appear in both counts.
Calculated 2026-10-20 06:47 UTC. Source: this website's authorized MLS inventory. Import progress, freshness rules and coverage affect the figures. Medians exclude missing/invalid values; price per sq ft is the median of individual listing ratios. Price observations are limited to the last 24 per listing and may miss changes between refreshes. This is not a complete 30-day market report, historical inventory trend, appreciation measure, or sold-price analysis.
Payment calculator
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Illustration only—not a rate quote, preapproval, lending offer or affordability determination. Assumes equal monthly payments on a fully amortizing fixed-rate loan; no adjustable rates, interest-only periods or balloon payments. Excludes closing costs, utilities, maintenance, special assessments and other unentered costs. Actual payments and escrow can differ. Review a Loan Estimate with your lender.
Understanding homeownership costs — CFPB ↗