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5075 Atlantic Ave
Long Beach, CA 90805
Multifamily Property For Sale
·
20 Units
PROPERTY FACTS
| No. Units | 20 | Building Size | 15,427 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1979 |
| Building Class | C | Parking Ratio | 2.14/1,000 SF |
| Lot Size | 0.53 AC | ||
| Zoning | R4R | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.53 AC |
| Building Size | 15,427 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1979 |
| Parking Ratio | 2.14/1,000 SF |
| Zoning | R4R |
AMENITIES
UNIT AMENITIES
- Balcony
- Dishwasher
- Range
- Patio
SITE AMENITIES
- Laundry Facilities
ABOUT 5075 ATLANTIC AVE , LONG BEACH, CA 90805
Stepp Commercial is pleased to present 5075 Atlantic Avenue, a 20-unit multifamily asset in North Long Beach. The building offers an excellent mix of nine one-bedroom/one bath units, ten two-bedroom/two bath units and one three-bedroom/two bath unit. The property sits on an oversized lot with ample parking of 22 garages and 11 spaces. This property offers investors the opportunity to own a Long Beach asset with a 5.8% cap rate and 11.3 GRM on actual rents. With public and private investment capital fueling development throughout Long Beach, North Long Beach is beginning to see the impact, with a myriad of projects in planning or development that will bring new single family homes, townhomes, mixed-use project and modern commercial space.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 9 | $1,484 | 650 |
| 2+2 | 10 | $1,795 | 840 |
| 3+2 | 1 | $2,495 | 1,177 |
PROPERTY TAXES
| Parcel Number | 7130-016-034 | Improvements Assessment | $3,904,315 |
| Land Assessment | $1,277,266 | Total Assessment | $5,181,581 |
PROPERTY TAXES
