5th & Rose Collection

1716 E. 5th Street, Long Beach, CA 90802

Sale Price

$9,275,000

Investment Overview

Units

19

Current Cap Rate

4.23%

Current GRM

14.66

The Offering

The 5th & Rose Collection is comprised of 9 adjacent assets, totaling 19 units in prime 4th Street / Retro Row.

This Collection provides an extremely rare opportunity to own almost an entire city block in one of the most desirable Long Beach submarkets.

Over 68% of the units offer two or more bedrooms. Most of the units feature updated plumbing and electrical, laminate or linoleum flooring, ceiling fans, hood-vent microwaves and dishwashers.

A majority of the properties have onsite laundry rooms and offer adequate parking in this typically parking-impacted neighborhood.

Nearly 27% of the units are Section 8 and provide solid, reliable income.

Investment Highlights

Rare Collection of 9 Adjacent Properties in Prime 4th Street / Retro Row Submarket

4.23% Cap Rate on Actuals / All Nearly Stabilized Assets

26% of Units are Section 8, Providing Reliable Income

68% of Units Offer Two or More Bedrooms

Unique Opportunity to Own Generational Assets with an Unmatched Operating History