1049 E. 5th Street,Long Beach, CA 90813
Unit
Price
Price Per Unit
Price per SF
Current Cap Rate
Market Cap Rate
Current GRM
Market GRM
1049 E. 5th Street,Long Beach, CA 90813
Price
Price per SF
Price Per Unit
Price per SF
Current Cap Rate
Market Cap Rate
Unit
Current GRM
Market GRM
1049 E. 5th Street is a 16-unit, apartment building located in North Alamitos Beach. The property is priced at 5.28% cap rate and 12.17 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.
