Property Detail

1049 5th

Long Beach CA 90802

$3,525,000

Status: Active

Property Details

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.

Map Location

Listing provided courtesy of Robert Stepp of Keller Williams - Santa Monica. Last updated 2024-11-24 09:14:51.000000. Listing information © 2024 CRMLS.

John Collins

John Collins

DRE# 01948188
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