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925 E 5th St
Long Beach, CA 90802
5.31% Cap Rate in Prime Alamitos Beach · Multifamily Property For Sale
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12 Units
Investment Highlights
- Priced at 12.47 GRM / 5.31% Cap Rate in Prime Alamitos Beach
- Excellent Mix of One- and Two-Bedroom Units
- All Electric Building; Separately Metered
- 11 of 12 Units Remodeled with In-Unit Washer/Dryers
- Six (6) Garages with ADU Conversion Potential
- Historically High Tenant Retention
Property Facts
| No. Units | 12 | Building Size | 8,060 SF |
| Property Type | Multifamily | Average Occupancy | 85% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1963 |
| Building Class | C | Parking Ratio | 0.74/1,000 SF |
| Lot Size | 0.16 AC | ||
| Zoning | R4 - High density residential | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 8,060 SF |
| Average Occupancy | 85% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 0.74/1,000 SF |
| Zoning | R4 - High density residential |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Pantry
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | - | 725 |
| 2+1 | 2 | - | 700 |
| 1+1 | 6 | - | 620 |
Property Taxes
| Parcel Number | 7266-007-021 | Improvements Assessment | $1,900,000 |
| Land Assessment | $1,075,000 | Total Assessment | $2,975,000 |
Property Taxes
Parcel Number
7266-007-021
Land Assessment
$1,075,000
Improvements Assessment
$1,900,000
Total Assessment
$2,975,000
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