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1130 E 5th ST Long Beach, CA 90802
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Key Details
Sold Price $1,385,000
Property Type Apartment
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW26101958
Sold Date 07/08/26
HOA Y/N No
Year Built 1943
Lot Size 10,018 Sqft
Property Sub-Type Apartment
Property Description
• 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 Forma 12% Return
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Biking, Sidewalks
Total Parking Spaces 4
Private Pool No
Building
Lot Description 16-20 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7266010016
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Theary Sim-Ieng California Financial & RE Ctr
Nearby Locations
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