925 E 5th St

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Address: 925 E 5th St, Long Beach, California, US
Created date: August 2, 2023
Date last updated: November 10, 2023

Priced at 12.47 GRM/5.31% Cap Rate in Prime Alamitos Beach

11 of 12 Units are Remodeled with In-Unit Washer/Dryer

Excellent Mix of One- and Two-Bedroom Units

Six (6) Garages with ADU Conversion Potential

All-Electric Building; Separately Metered

Historically High Tenant Retention

Property Description

925 E. 5th Street is a 12-unit apartment property located in Prime Alamitos Beach. The all-electric building features four (4) 2BD / 2BA units; two (2) 2BD / 1BA units; and six (6) 1BD / 1BA units. Eleven (11) of the units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features throughout. All remodeled units feature inunit washers and dryers. There are six (6) garages that offer the opportunity for ADU conversion for additional rental income. The building has a historically high tenant retention rate, due to its location in highly desirable Alamitos Beach. The property boasts a Walk Score of 93 and a Bike Score of 92, providing excellent accessibility to a plethora of dining, shopping and lifestyle amenities.

Key Property Information

Listing Status: Unavailable
Listing Type: Highest & best offer
Multifamily type: Garden Style
Price: $3,400,000
No. of Units: 12
Cap Rate: 5.31%
GRM /GIM: 12.47
Year Built: 1963
Building Size: 8,060 Sq ft
Lot Size: 7,144.00 Sq ft
Opportunity Zone: No
Price per unit: $283,333
Address: 925 E 5th St

Unit mix

Description No. of Units Sq ft. Avg. Monthly Rent


Income/expense info: Actual

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