1049 E 5th ST Long Beach, CA 90802
Active
$3,525,000
16 Units
1 Beds
2 Baths
7,607 Area(sq.ft.)
8,756 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 9 | 1 | 1 | No | $ 1,650 | $ 14,850 | $ 1,700 |
| Unit 2 | 7 | studio | 1 | No | $ 1,385 | $ 9,695 | $ 1,395 |
| 2 | 16 | 9 | 16 | $ 24,545 | $ 201,515 | $ 25,065 |
| MLS #: | PW23229190MR |
| Days On Market: | 280 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 463 |
| Price per unit: | $ 220,313 |
| Year Built: | 1925 |
Property Details
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.Interested in this Listing?
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Income Details
| Rent Control: | Yes |
| Total Annual Expense: | $ 96,478 |
| Net Operating Income: | $ 191,606 |
| Cap Rate: | 5.44% |
| Gross Rent Multiplier: | 11.87 |
Structure
| Community Features: | Sidewalks |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | LBR3S |
| Land Lease Type: | Fee |
Interior
| Laundry: | Room |
Exterior
| Pool: | No |
Detailed Map
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Income
