# 5529 Dairy, Long Beach, CA 90805 > **TL;DR:** 15bd/10ba multi-family, $3,350,000, built 1964. Est. $17,916/mo. Listed 2 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $3,350,000 | | Bedrooms | 15 | | Bathrooms | 10 full | | Year Built | 1964 | | Lot Size | 5,432 sqft (0.12 acres) | | Stories | 2 | | Property Type | Multi-Family (Apartment) | | Status | Active | | Days on Market | 2 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $16,939 | | Estimated Insurance | $977 | | **Total** | **$17,916** | ## Property Highlights - Built in 1964 - 0.12 acre lot - 2 stories ## Description ### Agent Description 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. ## Location - **Address:** 5529 Dairy, Long Beach, CA 90805 - **County:** Los Angeles - **Neighborhood:** North Long Beach (NLB) - **Coordinates:** 33.856473, -118.19379 - **Google Maps:** https://www.google.com/maps?q=33.856473,-118.19379 ## Listing Agent - **Name:** Anthony Walker · **License:** 01908153 - **Brokerage:** Buckingham Investments, Inc. - **Phone:** 3105614776 - **Broker Phone:** (562) 208-4890 ## Photos ![5529 Dairy - Photo 1](http://lh.rdcpix.com/f4e1669012416aa7938005d36e32243el-f2599785821r.jpg) ![5529 Dairy - Photo 2](http://lh.rdcpix.com/f4e1669012416aa7938005d36e32243el-f427882r.jpg) ![5529 Dairy - Photo 3](http://lh.rdcpix.com/f4e1669012416aa7938005d36e32243el-f4065053822r.jpg) ![5529 Dairy - Photo 4](http://lh.rdcpix.com/f4e1669012416aa7938005d36e32243el-f2696237009r.jpg) ![5529 Dairy - Photo 5](http://lh.rdcpix.com/f4e1669012416aa7938005d36e32243el-f323503575r.jpg) ![5529 Dairy - Photo 6](http://lh.rdcpix.com/f4e1669012416aa7938005d36e32243el-f1692139236r.jpg) ![5529 Dairy - Photo 7](http://lh.rdcpix.com/f4e1669012416aa7938005d36e32243el-f1992959369r.jpg) ![5529 Dairy - Photo 8](http://lh.rdcpix.com/f4e1669012416aa7938005d36e32243el-f1145312087r.jpg) ![5529 Dairy - Photo 9](http://lh.rdcpix.com/f4e1669012416aa7938005d36e32243el-f880160267r.jpg) ![5529 Dairy - Photo 10](http://lh.rdcpix.com/f4e1669012416aa7938005d36e32243el-f3532423739r.jpg) ![5529 Dairy - Photo 11](http://lh.rdcpix.com/f4e1669012416aa7938005d36e32243el-f1370372715r.jpg) ![5529 Dairy - Photo 12](http://lh.rdcpix.com/f4e1669012416aa7938005d36e32243el-f680288631r.jpg) ![5529 Dairy - Photo 13](http://lh.rdcpix.com/f4e1669012416aa7938005d36e32243el-f10471795r.jpg) ![5529 Dairy - Photo 14](http://lh.rdcpix.com/f4e1669012416aa7938005d36e32243el-f1522135697r.jpg) ![5529 Dairy - Photo 15](http://lh.rdcpix.com/f4e1669012416aa7938005d36e32243el-f2395084478r.jpg) --- **MLS#:** SB26216803 | **Updated:** 2026-10-06 **Source:** listhub *Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/5529-dairy-long-beach-ca-90805-26216803) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/5529-dairy-long-beach-ca-90805-26216803#listing", "url": "https://www.propertysimple.ai/listing/5529-dairy-long-beach-ca-90805-26216803", "name": "5529 Dairy, Long Beach, CA 90805", "description": "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. 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