Long Beach, CA 90802 1049 E 5th Street
$3,525,000
8 more
Presented By: Robert Stepp with Keller Williams - Santa Monica; 310-463-2916
Beds • 9
Baths • 2
SQFT • 7,607
Garage • 4
Home Details
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.
Presented By: Robert Stepp with Keller Williams - Santa Monica; 310-463-2916
Interior Features for 1049 E 5th Street
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesLaundryRoom
Street SuffixStreet
Total Stories2
Other Rooms
Entry Level1
General for 1049 E 5th Street
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.44
Carport Y/NNo
CityLong Beach
Community FeaturesSidewalks
CountyLos Angeles
Days on Market116
DirectionsE 7th St
Electric Expense1484.3
Entry Location1
Fuel Expense1484.3
Garage Spaces4.0
Garage Y/NYes
Gross Income288084.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense8755.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashtoNewLoan, Item1031Exchange
Lot Size Square Feet8756.0
MLS Area4 - Downtown Area, Alamitos Beach
MaintenanceExpense11200.0
MobileHomeRemainsYNNo
Net Operating Income191606.0
New ConstructionNo
Operating Expense96478.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalMixedUse
Property SubTypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street Name5th
Subdivision NameAlamitos Beach (AB)
Tax Lot3
Taxes$44,497
Total Units16
Trash Expense1484.3
View Y/NNo
Water Sewer Expense1484.3
Waterfront Y/NNo
Year Built1925
Year Built SourceAssessor
ZoningLBR3S
Exterior for 1049 E 5th Street
Building Area Total7607.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem1620UnitsAcre
Lot Size Acres0.201
Lot Size Area8756.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters16
Number of Separate Gas Meters16
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking4.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480