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1049 E 5Th St, Long Beach, CA 90802
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1049 E 5Th St Long Beach, CA 90802

$3,525,000
  • 9 Beds
  • 16 Baths
  • 7,607 Sq.Ft.
For Sale
$3,525,000 Get Pre-Qualified
Map preview of 1049 E 5Th St, Long Beach, CA 90802

Property Overview: 1049 E 5Th St Long Beach, CA has 9 bedrooms, 16 bathrooms, 7,607 living square feet and 8,756 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Robert Stepp | BRE #01456379 | Keller Williams - Santa Monica
Last checked: 15 minutes ago | Last updated: April 16th, 2024 | Source CRMLS | DOM: 128
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Home details

Lot Sq. Ft
8,756
HOA Dues
$0/mo
Year built
1925
Garage
4 Car
Property Type:
Mixed Use
Status
Active
MLS#
PW23229190
City
Long Beach
County
Los Angeles
Time on Site
130 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 16
  • Total # of Buildings: 1
  • # of Electric Meters: 16
  • # of Gas Meters: 16
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 9
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $14,850
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 2
  • # of Units: 7
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,385
  • Total Rent: $9,695
  • Pro Forma/Market Rent: $1,395
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.44%
  • Gross Rent Multiplier: 11.87
  • Gross Scheduled Income: $296,994
  • Net Operating Income: $191,606
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $96,478
  • Electric: $1,484
  • Gas/Fuel: $1,484
  • Licenses: $1,500
  • New Taxes: $44,497
  • Trash: $1,484
  • Gardener: $960
  • Insurance: $8,755
  • Maintenance: $11,200
  • Professional Management: $13,924
  • Water/Sewer: $1,484
  • Other Expenses: $4,800
  • Other Expense Description: Reserves

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Property Details for 1049 E 5Th St

Interior Features
Laundry Information
  • Has Laundry
  • Individual Room
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: 16-20 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 16
  • Parcel Number: 7266007032
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Alamitos Beach (AB)
  • Directions: E 7th St
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 1049 E 5Th St

Last sold on December 15th, 1993

  • December, 2023

  • Dec 22, 2023

    Date

    Active

    CRMLS: PW23229190

    $3,525,000

    Price

  • December, 2022

  • Dec 21, 2022

    Date

    Canceled

    CRMLS: OC22222050

    $3,900,000

    Price

  • Oct 13, 2022

    Date

    Active

    CRMLS: OC22222050

    $3,900,000

    Price

  • Listing provided courtesy of CRMLS

    1049 East 5th Street is a 16-unit multifamily investment property located in Long Beach, a premier rental market in Los Angeles County, California. Built in 1925, 1049 East 5th Street features a fantastic mix of studio and one-bedroom floor plans. The property offers amenities including controlled access, security doors, private patios, a private balcony (select unit), garage parking, and on-site laundry. 1049 East 5th Street offers a new investor the opportunity to potentially add up to two accessory dwelling units.

  • December, 1993

  • Dec 15, 1993

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1049 E 5Th St

Assessed Value (2020): $725,508
Year Land Value Improved Value Assessed Value
2020 $368,469 $357,039 $725,508

Home Value Compared to the Market

This property vs the competition

1049 E 5Th St is listed 340.68% higher than the median list price for the city of Long Beach which has a median list price of $799,900. The median price per/sqft for Long Beach is $637 and this home is listed at $463.39 per/sqft which puts the price per square foot 27.25% lower than the median price per square foot for the city of Long Beach.

About 1049 E 5Th St

Detailed summary of property

1049 E 5Th St is a mixed use located in Long Beach, CA 90802 and is currently for sale. This mixed use property offers 9 bedrooms, 16 bathrooms, roughly 7,607 living square feet, and sits on an approximately 8,756 square foot lot. 1049 E 5Th St was first listed on ArdentRealEstateGroup.com on December 23, 2023. The homeowner is currently asking $3,525,000. The median priced home in Long Beach is $799,900 with a median price per square foot of $637. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 340.68% higher than the median priced home. Local competing homes currently for sale include 2214 Hooper Ave, 1452 Jefferson Blvd and 2150 Newport Blvd.. While the average home in Long Beach, CA is selling in 54 days, 1049 E 5Th St has a days on market of 128 days. There are currently 593 homes for sale in the Long Beach real estate market and 338 of them are single family homes while 242 of them are condos and 13 are townhomes. For more information on this home for sale at 1049 E 5Th St Long Beach, CA 90802 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1049 E 5Th St

Public county record property details
Beds
3
Baths
16
Year built
1925
Sq. Ft.
7,607
Lot Size
8,756
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
3
APN
7266-007-032

The source for these homes facts are from public records.

90802 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$530,000
Median List Price/Sq.Ft.
$627
Median Sold Price
$505,000
Median Sold Price/Sq.Ft.
$634
Total Inventory
124
Median Sale to List Price %
96.19%
Avg Days on Market
34
Loan Type
Conventional (50%), FHA (3.57%), VA (3.57%), Cash (28.57%), Other (10.71%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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