$ 3,525,000
1049 East 5th Street Long Beach, CA 90802
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Listed by Robert Stepp • Keller Williams - Santa Monica
$ 3,525,000
Est. payment | /mo
7,607 SqFt
$ 3,525,000
Est. payment | /mo
7,607 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 7,607 sqft
Price per Sqft $463
Subdivision Alamitos Beach
MLS Listing ID PW-23229190
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
Zoning LBR3S
Interior
Laundry Individual Room
Exterior
Garage Gated
Garage Spaces 4.0
Pool None
Community Features Sidewalks
Building
Lot Description 16-20 Units/Acre
Sewer Public Sewer
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Marissa Buss & Danny Lambert
Lic# 01770909 | 01834114