CA > Long Beach > Alamitos Beach (Ab)
Long Beach, CA 90802,1049 E 5th ST
Long Beach, CA 90802,1049 E 5th ST
Long Beach, CA 90802,1049 E 5th ST
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$3,525,000
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8,755 Sqft Lot
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1049 E 5th ST Long Beach, CA 90802

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Adam Renick

Adam Renick

+1(619) 678-8186

UPDATED:

09/30/2024 06:29 PM

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision Alamitos Beach (Ab)

MLS Listing ID PW23229190

HOA Y/N No

Year Built 1925

Lot Size 8,755 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

Area 4 - Downtown Area, Alamitos Beach

Zoning LBR3S

Interior

Fireplace No

Laundry Laundry Room

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Sidewalks

Total Parking Spaces 4

Private Pool No

Building

Lot Description 16-20 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7266007032

Energy Description 1484.0

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Robert Stepp • Keller Williams - Santa Monica • 310-463-2916

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Adam Renick

Agent | License ID: 01979227

+1(619) 678-8186

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1049 E 5th ST