$3,525,000
1049 E 5th ST Long Beach, CA 90802
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$3,525,000
Est. payment /mo
8,756 Sqft Lot
UPDATED:
08/30/2024 04:35 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW23229190
Originating Board California Regional MLS
Year Built 1925
Lot Size 8,756 Sqft
Property Description
1049 E. 5th Street is a 16-unit, apartment building located in North Alamitos Beach. The property is priced at 5.44% cap rate and 11.87 GRM at current rents. The property is comprised of nine (9) 1 BD / 1 BA units and seven (7) studio units. The majority of units have hardwood floors, and the first-floor units offer private patios. Onsite laundry, garages and storage spaces provide additional income, and the four (4) garages also have the ability to be converted to ADUs.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Interior
Laundry In Laundry Room
Exterior
Garage Spaces 4.0
Pool None
Building
Water District - Public
Others
Tax ID 7266007032
Special Listing Condition Not Applicable
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Listed by Robert Stepp • Keller Williams - Santa Monica
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