1049 E 5th Street
Long Beach, CA, 90802
$3,525,000
Beds
0 Baths
SqFt
0.2 Acres
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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.

Property Details

Price:
$3,525,000
MLS #:
PW23229190
Status:
Active
Baths:
0
Address:
1049 E 5th Street
Type:
Residential Income
Subtype:
Commercial/Residential
Subdivision:
Alamitos Beach AB
Neighborhood:
4downtownareaalamitosbeach
City:
Long Beach
Listed Date:
Dec 21, 2023
State:
CA
ZIP:
90802
Lot Size:
8,756 sqft / 0.20 acres (approx)
Year Built:
1925
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Exterior

Community Features
Sidewalks
Garage Spaces
4.00
Lot Features
16-20 Units/ Acre
Parking Spots
4.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public

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1049 E 5th Street
Long Beach, CA