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1130-1136 E 5th St 8 Unit Apartment Building $1,450,000 ($181,250/Unit) 6.30% Cap Rate Long Beach, CA 90802
Investment Highlights
- • Across the street from Franklin Classical Middle School
- • Walking distance to 4th Street Retro Row – Walk Score of 92
- • Approximately 18% rental upside - Pro Forma 12% Return
- • Minutes to Alamitos Beach & Downtown Long Beach
- • Upgraded electric panels
- • 6.5% Cap Rate – current rents 8.5% Cap Rate – market rents
Executive Summary
• Across the street from Franklin Classical Middle School
• Minutes to Alamitos Beach & Downtown Long Beach
• Walking distance to 4th Street Retro Row – Walk Score of 92
• Upgraded electric panels
• Approximately 18% rental upside
• 6.5% Cap Rate – current rents 8.5% Cap Rate – market rents
• Pro Forma 12% Return
Located in a desirable residential pocket of Long Beach across the street from Franklin Middle School, 1130 E. 5th Street offers a balanced coastal lifestyle with convenient access to neighborhood amenities and the beach. The property sits just minutes from Alamitos Beach and is a short walk to local dining, cafés, and retail along 4th Street Retro Row. The area is known for its walkability, established residential character, and proximity to major transit routes and employment centers throughout the region. Long Beach is the 7th largest city in California and offers a unique blend of a casual coastal lifestyle and urban convenience with lots of employment opportunities. Major industries include port logistics, aerospace and aviation, healthcare and tourism.
• Minutes to Alamitos Beach & Downtown Long Beach
• Walking distance to 4th Street Retro Row – Walk Score of 92
• Upgraded electric panels
• Approximately 18% rental upside
• 6.5% Cap Rate – current rents 8.5% Cap Rate – market rents
• Pro Forma 12% Return
Located in a desirable residential pocket of Long Beach across the street from Franklin Middle School, 1130 E. 5th Street offers a balanced coastal lifestyle with convenient access to neighborhood amenities and the beach. The property sits just minutes from Alamitos Beach and is a short walk to local dining, cafés, and retail along 4th Street Retro Row. The area is known for its walkability, established residential character, and proximity to major transit routes and employment centers throughout the region. Long Beach is the 7th largest city in California and offers a unique blend of a casual coastal lifestyle and urban convenience with lots of employment opportunities. Major industries include port logistics, aerospace and aviation, healthcare and tourism.
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$148,140
|
$32.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$4,444
|
$0.96
|
| Effective Gross Income |
$143,696
|
$31.04
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$52,406
|
$11.32
|
| Net Operating Income |
$91,290
|
$19.72
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $148,140 |
| Annual Per SF | $32.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $4,444 |
| Annual Per SF | $0.96 |
| Effective Gross Income | |
|---|---|
| Annual | $143,696 |
| Annual Per SF | $31.04 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $52,406 |
| Annual Per SF | $11.32 |
| Net Operating Income | |
|---|---|
| Annual | $91,290 |
| Annual Per SF | $19.72 |
Property Facts
| Price | $1,450,000 | Apartment Style | Garden |
| Price Per Unit | $181,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 6.30% | Building Size | 4,629 SF |
| Gross Rent Multiplier | 9.7 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1943 |
| Property Subtype | Apartment | Parking Ratio | 1.08/1,000 SF |
| Zoning | R4, Long Beach | ||
| Price | $1,450,000 |
| Price Per Unit | $181,250 |
| Sale Type | Investment |
| Cap Rate | 6.30% |
| Gross Rent Multiplier | 9.7 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 4,629 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1943 |
| Parking Ratio | 1.08/1,000 SF |
| Zoning | R4, Long Beach |
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | $1,525 | - |
| 2+1 | 1 | $1,550 | - |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
50/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 7266-010-016 | Improvements Assessment | $141,195 (2025) |
| Land Assessment | $124,576 (2025) | Total Assessment | $265,771 (2025) |
Property Taxes
Parcel Number
7266-010-016
Land Assessment
$124,576 (2025)
Improvements Assessment
$141,195 (2025)
Total Assessment
$265,771 (2025)
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1130-1136 E 5th St
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