1130 E 5th Street

Long Beach, CA 90802
$1,450,000
• 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 FormaRead MoreRead Less
Property listed by Morgan Skenderian, Grant Hahn 310-259-7556
Listing Snapshot
Days Online
28
Last Updated
Property Type
Apartment
Lot Size
0.23 Acres
Year Built
1943
MLS Number
PW26101958
Property Location Map
Additional Details
Building
Built in 1943, 3 buildings, 2 stories, Entry level: 1, Entry location: 1
Community
Biking, Sidewalks
Cooling
WallWindowUnits
Expenses
Insurance: $4,473, Operating: $52,406, Trash: $7,001
Garage
2 spaces
Income
Gross Income: $148,140, Gross ScheduledIncome: $148,140, Net Operating Income: $91,326
Laundry
CommonArea
Lot
0.23 acres, SixteenToTwentyUnitsAcre
Parking
2 open parking spaces, 4 total parking spaces
Pool
None
Sewer
PublicSewer
Taxes
Additional parcels description:, Parcel Number: 7266010016, Tax Block: C, Lot: 13
Utilities
Water Source: Public, 8 separate electric meters, 3 separate water meters
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Monthly Payment
$0
Michael Harby
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.