James Melton
James Melton, California Value Group, Inc.Phone: (714) 318-4664
Email: [email protected]

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listing
1 of 13
Residential IncomeFor Sale
$3,525,000
1049 E 5th Street
Long Beach, CA 90802
Listed by Robert Stepp DRE#01456379 [email protected] Keller Williams - Santa Monica
MLS: California Regional MLS (CRMLS)
Est. Mortgage
$18,295/mo

1049 E. 5th Street is a 16-unit, apartment building located in North Alamitos Beach. The property is priced at 5.44% cap rate and 11.87 GRM at current rents. The property is comprised of nine (9) 1 BD / 1 BA units and seven (7) studio units. The majority of units have hardwood floors, and the first-floor units offer private patios. Onsite laundry, garages and storage spaces provide additional income, and the four (4) garages also have the ability to be converted to ADUs.

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Information courtesy of Keller Williams - Santa Monica is subject to verification and is not guaranteed.
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