1130 E 5th Street

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1130 E 5th Street

Long Beach, CA 90802
Asking Price
$1.45M
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located in Long Beach California
  • Asset features a total of eight individual rental units
  • Property is currently listed for sale at 1450000 dollars
  • Located at 1130 E 5th Street within the 90802 zip code
  • Situated in a dense urban market with strong rental demand

What's Special

Long Beach serves as a major economic hub within the Greater Los Angeles area, characterized by a dense population and consistent demand for rental housing. Situated at 1130 E 5th Street, this multifamily asset is positioned in a vibrant coastal submarket that benefits from proximity to downtown employment centers and public transportation infrastructure. The location provides tenants with access to a wide range of retail, dining, and recreational amenities typical of a mature urban neighborhood. Consisting of 8 units, this apartment building represents a functional addition to an investment portfolio in a supply-constrained environment. Prospective buyers may consider the asset for long-term rental income generation or potential repositioning strategies suited for the current Southern California housing market. Its central placement offers connectivity to key regional thoroughfares, supporting stable occupancy patterns driven by the diverse workforce and local student population associated with the city's growth.

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NOI
$80,000
Cap Rate
5.52%
DSCR
0.93
Underwater
Cash-on-Cash
-1.40%
Monthly Payment
$7,173.809
Annual Cash Flow
$-6,085.706

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