$ 3,525,000
1049 E 5th Street 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
Active
1049 E 5th Street Long Beach, CA 90802
7,607 SqFt
UPDATED:
08/30/2024 05:07 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,607 sqft
Price per Sqft $463
MLS Listing ID CRPW23229190
HOA Y/N No
Year Built 1925
Lot Size 8,756 Sqft
Acres 0.2
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 Listing
Zoning LBR3
Interior
Fireplace No
Laundry Laundry Room
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 7266007032
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Robert Stepp • Keller Williams - Santa Monica
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