1049 E 5th Street Long Beach, CA ^$ 3,525,000

1049 E 5th Street

^$ 3,525,000

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1049 E 5th Street

Long Beach, CA, 90802

^$ 3,525,000

Bedrooms9 Baths2.0 Sq 7,607

Monthly Estimate*

^$ 24,623

Listed by Keller Williams - Santa Monica

1049 E 5th Street, Long Beach, CA 90802 - Image 1

1049 E 5th Street, Long Beach, CA 90802 - Image 2

1049 E 5th Street, Long Beach, CA 90802 - Image 3

1049 E 5th Street, Long Beach, CA 90802 - Image 4

1049 E 5th Street, Long Beach, CA 90802 - Image 5

1049 E 5th Street, Long Beach, CA 90802 - Image 6

1049 E 5th Street, Long Beach, CA 90802 - Image 7

1049 E 5th Street, Long Beach, CA 90802 - Image 8

1049 E 5th Street, Long Beach, CA 90802 - Image 9

1049 E 5th Street, Long Beach, CA 90802 - Image 10

1049 E 5th Street, Long Beach, CA 90802 - Image 11

1049 E 5th Street, Long Beach, CA 90802 - Image 12

1049 E 5th Street, Long Beach, CA 90802 - Image 13

Multi-Family Home for sale in Long Beach, CA

for $3,525,000 with 9 bedrooms and 2 full baths. This 7,607 square foot home was built in 1925 on a lot size of 0.201.

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.

Multi-Family Active

Price

^$ 3,525,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

MixedUse

Lot Size

0.201

Year Built

1925

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

PW23229190

Days on Market

143

Features

General

Sewer PublicSewer

Zoning LBR3S

Garage Spaces 4.0

Pool Features None

Year Built 1925

Stories 2

Levels Two

Property SubType MixedUse

Gross Income 288084.0

Community Features Sidewalks

County Los Angeles

Net Operating Income 191606.0

Operating Expense 96478.0

Insurance Expense 8755.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Subdivision Name Alamitos Beach (AB)

Garage Y/N Y

Special Listing Conditions Standard

Status Active

Directions E 7th St

City Long Beach

Entry Location 1

View Y/N N

Senior Community Y/N N

Total Units 16

MLS Area 4 - Downtown Area Alamitos Beach

Lot Size Square Feet 8756.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name 5th

Listing Terms Cash CashtoNewLoan Item1031Exchange

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 1484.3

Home Warranty Y/N N

Fuel Expense 1484.3

Trash Expense 1484.3

Water Sewer Expense 1484.3

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 116

Building Area Units SquareFeet

Standard Status Active

Year Built Source Assessor

Tax Lot 3

Property Sub Type Additional MixedUse

Taxes 44497.0

Cap Rate 5.44

Exterior

Lot Features Item1620UnitsAcre

Water Source Public

Total Parking 4.0

Lot Size Area 8756.0

Number of Buildings 1

Spa N

Building Area Total 7607.0

Lot Size Acres 0.201

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 16

Number of Separate Electric Meters 16

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Common Walls Item2CommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Street

Laundry Features LaundryRoom

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 1049

* Excluded Features

List By

Keller Williams - Santa Monica

Broker

(310) 774-3740

Phone

Affordability Calculator

$24,623

Per Month

Monthly Principal & Interest: $24,623
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Long Beach, CA

Average List Price ^$2,090,646

Percent of Sale Price 41%

About Long Beach, CA

470,090 Population

2% Since 2002

^$57,916 Median Income

35.78 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/23/2023	$3,525,000		Listed Price

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1049 E 5th Street, Long Beach, CA, 90802 is a Multi-Family Home for sale at $3,525,000 with 7,607 sqft and a lot size of 0.201. 1049 E 5th Street has 9 bedrooms, 2.0 baths, and was built in 1925. The property's zip code is 90802 which is in Long Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/14/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1049 E 5th Street

Multi-Family Home for sale in Long Beach, CA

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