1821-1827 E 5th St | Long Beach, CA 90802
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- LoopNet Team
1821-1827 E 5th St
Long Beach, CA 90802
Union 5 Apartments · Multifamily Property For Sale
·
34 Units
INVESTMENT HIGHLIGHTS
- Fully renovated and stabilized "Best in Class" asset with upside
- Assumable agency debt of 2.68% with 3.5 years of I/O and 8.5 years on term
- Ability to add ADUs for additional revenue stream
- Over $2,000,000 in building and unit renovations
- 6.30% year one cash-on-cash return
- Fantastic Retro Row location, 94 & 91 Walkers & Bikers scores on Walkscore
PROPERTY FACTS
| No. Units | 34 | Building Size | 25,056 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1960/2019 |
| Building Class | C | Parking Ratio | 0.92/1,000 SF |
| Lot Size | 0.58 AC | ||
| Zoning | R1N | ||
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.58 AC |
| Building Size | 25,056 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2019 |
| Parking Ratio | 0.92/1,000 SF |
| Zoning | R1N |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Heating
- Hardwood Floors
- Refrigerator
- Range
- Pantry
SITE AMENITIES
- Controlled Access
- Courtyard
- Laundry Facilities
- Pool
- Grill
- Wi-Fi
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | $1,645 | 325 |
| 1+1 | 12 | $1,943 | 375 - 625 |
| 2+1 | 20 | $2,413 | 725 - 875 |
| 2+2 | 1 | $2,425 | 875 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $5,566,140 | |
| Land Assessment | $8,739,360 | Total Assessment | $14,305,500 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$8,739,360
Improvements Assessment
$5,566,140
Total Assessment
$14,305,500
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