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Robert Stepp
Keller Williams - Santa Monica
310-482-2200
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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Water Source : Public
Sewer : Public Sewer
Year Built: 1925
Building Area Total: 7,607
None
Laundry Room
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.201
Lot Size Source: Assessor
Lot Size Square Feet: 8756
Original List Price: 3,525,000
Listing Contract Date: 2023-12-21
Listing Agreement: Exclusive Right To Sell
Parcel Number: 7266007032
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: 4 - Downtown Area, Alamitos Beach
Postal Code Plus 4: 1620
Directions: E 7th St
Zoning: LBR3S
Source Property Type: Residential Income
Area: 4 - Downtown Area, Alamitos Beach
Property SubType: Mixed Use
Property Age: 99
Common Walls: 2+ Common Walls
Structure Type: Mixed Use
Year Built Source: Assessor
Entry Level: 1
Entry Location: 1
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
360 W Ocean Boulevard #.., Long Beach, CA,90802 | $479,000 | 1 | 1 | 777 | 7371 Sqft |
527 W 3rd Street, Long Beach, CA,90802 | $8,700,000 | -- | -- | 19,935 | 7525 Sqft |
140 Linden Avenue #962, Long Beach, CA,90802 | $475,000 | 1 | 1 | 539 | 33488 Sqft |
1030 E Ocean Boulevard .., Long Beach, CA,90802 | $885,000 | 3 | 2 | 1,250 | 21096 Sqft |
1000 E Ocean Boulevard .., Long Beach, CA,90802 | $959,000 | 3 | 2 | 1,592 | 37396 Sqft |
338 Cedar Avenue, Long Beach, CA,90802 | $4,500,000 | -- | -- | 10,150 | 7503 Sqft |
708 E Alta Way, Long Beach, CA,90802 | $799,900 | 2 | 1 | 688 | 1293 Sqft |
375 Atlantic Avenue #607, Long Beach, CA,90802 | $425,000 | 1 | 1 | 707 | 11000 Sqft |
1030 E Ocean Boulevard .., Long Beach, CA,90802 | $335,000 | -- | 1 | 460 | 21100 Sqft |
354 Chestnut Avenue #27, Long Beach, CA,90802 | $225,000 | -- | -- | 26,000 | 13037 Sqft |
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ByOwner last updated this listing 05/21/2024 @ 11:23
MLS: PW23229190
LISTED BY: Robert Stepp, Keller Williams - Santa Monica
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.