Apartment Building Near Retro
For Sale
$1,385,000
1130 E 5th Street Long, Long Beach, CA 90802
Vintage multifamily property with upgraded electrical panels and wall/window unit cooling.
Property SizeContact for details
Days on Market96
Property Features for 1130 E 5th Street Long
General Information
Standard status
Active
Property subtype
Apartment
Additional Details
Cap Rate
6.5%
Amenities
Wall/Window Unit(s)
Building Details
Year Built
1943
Stories
2
Listing Agency:
Morgan Skenderian
Listed By:
Grant Hahn
Source:
Kw
Added: May 11
Changed: Aug 13
Last Checked: Aug 13 at 5:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Morgan Skenderian
Investment Insights
Based on property information with market context.
Built in 1943, this apartment building includes upgraded electrical panels and wall/window unit cooling. The property is positioned across from Franklin Classical Middle School and offers an established multifamily configuration in a walkable Long Beach setting.
Alamitos Beach and Downtown Long Beach are minutes away, while 4th Street Retro Row is within walking distance. The property has a Walk Score of 92. Current rents support a 6.5% cap rate, with market rents indicated at an 8.5% cap rate.
Alamitos Beach and Downtown Long Beach are minutes away, while 4th Street Retro Row is within walking distance. The property has a Walk Score of 92. Current rents support a 6.5% cap rate, with market rents indicated at an 8.5% cap rate.
Key Highlights
- Built in 1943 with upgraded electric panels
- Wall/window unit(s)
- Across the street from Franklin Classical Middle School
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,878
Businesses Nearby
Explore this area
Business Placement
Demographics for 90802, CA
41,686
Population
25,055
Households
1.7
Avg Household Size
37
Median Age
44%
College-Educated
88%
High-School Grad
6.5 sq mi
ZIP Area
6,413
Density / Sq Mi
$72,152
Median Household Income
$52,011
Median Earnings
$1,855
Median Rent
$546,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Vintage multifamily property with upgraded electrical panels and wall/window unit cooling.
Where is this apartment building located?
The property is located at 1130 E 5th Street Long Long Beach, CA.
What is the asking price?
The asking price for this property is $1,385,000.
What are key features of this property?
This property features: Built in 1943 with upgraded electric panels; Wall/window unit(s); Across the street from Franklin Classical Middle School
