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1116 E 5TH ST LONG BEACH, CA 90802


Listed By The Agency, Jonathan Swire




Total Baths

Full Baths


Square Feet




Year Built





EXCELLENT ASSUMABLE FINANCING FIXED AT 3.71% THROUGH MARCH 2031. Earn a 5.5% CASH ON CASH return against in place income. 8 units located blocks from the Beach in Alamitos Beach in Long Beach. All units have been heavily updated including new kitchens and baths. There is no work to be done. The property is professionally maintained and in excellent condition. 4.6% CAP against in place rents with upside to a 6.2% CAP. The property features onsite laundry as well a 5 garages (rented as storage) and 4 parking spaces. The existing TD can be assumed. It's a $1.390.000 loan fixed for 10 years (originated in March 2021) at 3.71% with 3 years of I/O (runs through March 2024). There is also an opportunity to convert existing garages to ADU's. You can add TWO units. Option 1 - one unit approx. 825 SF (1/1 or 2/1) and a studio (305 SF). Option 2 - Two studios (approx. 400 SF each). NOTE: this will take up most of the garages onsite. Option 1 could generate additional rental income of $3,200/month in income and Option 2 could general additional income of $2,800/month- Buyer to verify. If you were to build the ADU's, you'd achieve an approximate 6.2% CAP. EMAIL LA1 FOR MORE INFO AND A RENT ROLL.

Details for 1116 E 5TH ST

Year Built
No Info
Price / Sq Ft
No Info
On Website
367 Days

Price per square foot and days on website are not provided values and are calculated by RE/MAX.

Listing Office The Agency, 424-230-3700

MLS# 22-140463

Updated 11:15AM - 3/28/2023

Listing Agent Jonathan Swire, 310-948-2631

The multiple listings information is provided by The MLS/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2023 The MLS/CLAW. All Rights Reserved. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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