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1130-1136 E 5th St
Long Beach, CA 90802 Downtown Long Beach

$1,450,000 USD

Apartments For Sale  •  4,629 SF

Property Details

  • Property Type Apartments
  • Total Building Size 4,629 SF
  • Lot Size 0.23 AC
  • Building Class C
  • Year Built 1943
  • Cap Rate 6.30 %
  • Zoning R4, Long Beach
50 Transit Score
70 Walk Score

Highlights

• Across the street from Franklin Classical Middle School
• Minutes to Alamitos Beach & Downtown Long Beach
• Walking distance to 4th Street Retro Row – Walk Score of 92
• Upgraded electric panels
• Approximately 18% rental upside - Pro Forma 12% Return
• 6.5% Cap Rate – current rents 8.5% Cap Rate – market rents

Financial Summary (Actual)

Net Operating Income: $91,290 USD (2026)
Cap Rate: 6.30 %
Total Expenses: $52,406 USD

Amenities

  • Air Conditioning

Public Transportation

Transit/SubwayDriveWalkDistance
5th Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 16 min 0.8 mi
1st Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 19 min 1.0 mi
AirportDriveWalkDistance
Long Beach (Daugherty Field) 11 min - 4.4 mi
John Wayne/Orange County 31 min - 20.4 mi
Los Angeles International 34 min - 22.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 4
Type: Surface
Included in Rent: Yes
Grant Hahn 949-630-0979 Morgan-Skenderian Investment Real Estate Group
Grant Hahn 949-630-0979 Morgan-Skenderian Investment Real Estate Group