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Listed by Robert Stepp • Keller Williams - Santa Monica
$ 3,525,000
Est. payment /mo
Active
1049 E 5th Street Long Beach, CA 90802
7,607 SqFt
UPDATED:
08/31/2024 12:07 AM
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
Originating Board Datashare California Regional
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
Interior
Fireplace No
Laundry Laundry Room
Building
Water Public
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