1130 E 5th Street, Long Beach, CA 90802
- $1,385,000
- Sold Price
- $1,385,000
- List Price
- $1,450,000
- Closing Date
- Jul 08, 2026
- Status
- CLOSED
- MLS#
- PW26101958
- Year Built
- 1943
- Lot Size
- 10,020
- Acres
- 0.23
- Lot Location
- 16-20 Units/Acre
- Days on Market
- 21
- Property Type
- Multifamily
- 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
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Additional Information
- Pool Description
- None
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Garage Spaces Total
- 2
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 8
- Gross Scheduled Income
- $148,140
- Operating Expense
- 52406
Listing courtesy of Listing Agent: Grant Hahn (gmh@morganskenderian.com) from Listing Office: Morgan Skenderian.
Listing sold by Theary Sim-Ieng from California Financial & RE Ctr
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