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1048 E 5th St
Long Beach, CA 90802
Core Long Beach Development Opportunity · Multifamily Property For Sale
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6 Units
Investment Highlights
- Purchase Stabilized, Fully Renovated 6-plex at over a 5.35% Cap Rate
- Projected 6.64%Stabilized Untrended Return on Cost
- Gross Income Projected to be Over $450,000 Annually
- Already Entitled for an Additional 5 Units at $70k Per Buildable Unit
- Build a Total of 11 Units
- Located in one of the most in-demand rental submarkets in Long Beach
Property Facts
| No. Units | 6 | Lot Size | 0.34 AC |
| Property Type | Multifamily | Building Size | 4,438 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1922 |
| Building Class | C | Parking Ratio | 1.35/1,000 SF |
| Zoning | LBR3S | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 4,438 SF |
| No. Stories | 2 |
| Year Built | 1922 |
| Parking Ratio | 1.35/1,000 SF |
| Zoning | LBR3S |
Property Taxes
| Parcel Number | 7266-009-015 | Improvements Assessment | $636,724 |
| Land Assessment | $1,061,208 | Total Assessment | $1,697,932 |
Property Taxes
Parcel Number
7266-009-015
Land Assessment
$1,061,208
Improvements Assessment
$636,724
Total Assessment
$1,697,932
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