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1048 E 5th Street

Long Beach, CA 90802
  • $2,350,000
  • STATUS: Active
  • ON SITE: 90 Days
  • ID#: IV25271614
UPDATED: 235 min ago
$2,350,000
  • 0
    BEDS
  • 0.34
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1915
County:

School Ratings & Info

Listing Agent(s): Jennifer Mendoza of EXP REALTY OF CALIFORNIA INC (888-584-9427)


Description

***Immediate Income Opportunity***Value-add 6-unit in Long Beach with enough land for additional units + parking. Fully renovated, strong cash flow, and ready for a developers expansion plans. High upside via development or hold. Rare Long Beach opportunity: a fully stabilized 6-unit multifamily income property (5 of 6 units recently renovated, 6th unit has been updated) offered with garage parking for 5 spaces. Located near freeway access, top Long Beach dining and shopping corridors, and waterfront attractions. Excellent for investors seeking both strong cash flow and development upside. [CROSS POSTED MLS# IV25264295]

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-03-06T00:29:23.84. 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 deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.
www.hometownnorthcounty.com/homes/171177795
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1048 E 5th Street Long Beach, CA 90802

  • Price: $2,350,000
  • Status: Active
  • On Site: 90 Days
  • Updated: 235 min ago
  • ID#: IV25271614
0
Beds
0
Baths
0
½ Baths
0.34
Acres
1915
Built
Neighborhood:
Alamitos Beach (Ab)
County:
Los Angeles
Area:
4 - Downtown Area, Alamitos Beach
Property Description
***Immediate Income Opportunity***Value-add 6-unit in Long Beach with enough land for additional units + parking. Fully renovated, strong cash flow, and ready for a developers expansion plans. High upside via development or hold. Rare Long Beach opportunity: a fully stabilized 6-unit multifamily income property (5 of 6 units recently renovated, 6th unit has been updated) offered with garage parking for 5 spaces. Located near freeway access, top Long Beach dining and shopping corridors, and waterfront attractions. Excellent for investors seeking both strong cash flow and development upside. [CROSS POSTED MLS# IV25264295]
Exterior Features

Entry Level 0 Entry Location / Number Of Separate Electric Meters 0 Parking Features Door-SingleGaragePublic Parking Total 5 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 1 Common Wall

Property Features

Additional Parcels YN No Cap Rate 6.64 Common Interest Community Apartment Community Features SidewalksUrban Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 13561 Gross Scheduled Income 162732 Insurance Expense 625 Land Lease YN No Laundry Features Washer HookupElectric Dryer Hookup Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional1031 ExchangeOwner May CarrySubmit Net Operating Income 146232 New Construction YN No Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Number Of Units Leased 6 Operating Expense 16500 Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 265 Vacancy Allowance Rate 3 Water Sewer Expense 265 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-03-06T00:29:23.84. 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 deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.
 
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eXp Realty of California Inc.
2603 Camino Ramon Suite 200
San Ramon CA, 94583
Listing Agent(s): Jennifer Mendoza of EXP REALTY OF CALIFORNIA INC (888-584-9427)