Three-Building Multifamily
For Sale
Contact for pricing
Pending
1136 East 5th Street, Long Beach, CA 90802
Well-maintained residential income property with private outdoor space, parking, laundry, and storage amenities.
Property Size4,629 SF
Days on Market133
Property Features for 1136 East 5th Street
General Information
Standard status
Pending
Size
4,629 SF
Total Parking Spaces
4
Property subtype
Multifamily
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$91,326
Amenities
community laundry
storage garages
Building Details
Year Built
1943
Buildings
3
Units
8
Tenancy
Multi
Listing Agency:
Morgan Skenderian Investment Real Estate Group
Listed By:
Grant Hahn · License #CA 01197893
Source:
Crexi
Added: May 8
Changed: Sep 6
Last Checked: Sep 16 at 12:56PM
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 Real Estate Group
Investment Insights
Based on property information with market context.
This 4,629-square-foot multifamily property was built in 1943 and includes three buildings. The improvements feature a detached two-bedroom home with its own parking and yard, along with community laundry facilities and storage garages that provide additional income. The property has been maintained through long-term ownership.
The property is positioned across from Franklin Middle School in Long Beach, within an established residential area. Alamitos Beach, neighborhood dining, cafés, and retail along 4th Street Retro Row are nearby, while major transit routes and regional employment centers provide broader connectivity.
The property is positioned across from Franklin Middle School in Long Beach, within an established residential area. Alamitos Beach, neighborhood dining, cafés, and retail along 4th Street Retro Row are nearby, while major transit routes and regional employment centers provide broader connectivity.
Key Highlights
- 4,629‑square‑foot multifamily property built in 1943
- Three‑building configuration with a detached two‑bedroom home
- Private parking and yard associated with the detached home
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$88,523
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,770,460
$1.8M
Cap Rate 7%
$1,264,614
$1.3M
Cap Rate 9%
$983,589
$983.6K
Market Conditions
NOI Build-Up for 4,629 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$169.4K $36.60/SF
− Vacancy
−$8.5K −$1.83/SF
EGI
$161.0K $34.77/SF
− OpEx
−$72.4K −$15.65/SF
NOI
$88.5K $19.12/SF
Area
Long Beach, CA
Vacancy
5.00%
Lease Rate
$36.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,770,460
Cap Rate 7%
$1,264,614
Cap Rate 9%
$983,589
Alternative Uses
Best Use
Apartment 5plus
$1.26M
$1.11M – $1.48M
NOI $88,523 @ 7.0% cap · market cap 6.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.48M
$2.17M – $2.89M
NOI $173,484 @ 7.0% cap · market cap 11.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,194
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Well-maintained residential income property with private outdoor space, parking, laundry, and storage amenities.
Where is this multifamily property located?
The property is located at 1136 East 5th Street Long Beach, CA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 4,629‑square‑foot multifamily property built in 1943; Three‑building configuration with a detached two‑bedroom home; Private parking and yard associated with the detached home
