This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
5075 Atlantic Ave
Long Beach, CA 90805
Multifamily Property For Sale · 20 Units
PROPERTY FACTS
| No. Units | 20 | Building Size | 15,427 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low Rise | Year Built | 1979 |
| Building Class | C | Parking Ratio | 2.14/1,000 SF |
| Lot Size | 0.53 AC |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.53 AC |
| Building Size | 15,427 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1979 |
| Parking Ratio | 2.14/1,000 SF |
Unit Amenities
- Balcony
- Dishwasher
- Range
- Patio
Site Amenities
- Laundry Facilities
About 5075 Atlantic Ave , Long Beach, CA 90805
Stepp Commercial is pleased to present 5075 Atlantic Avenue, a 20-unit multifamily asset in North Long Beach. The building offers an excellent mix of nine one-bedroom/one bath units, ten two-bedroom/two bath units and one three-bedroom/two bath unit. The property sits on an oversized lot with ample parking of 22 garages and 11 spaces. This property offers investors the opportunity to own a Long Beach asset with a 5.8% cap rate and 11.3 GRM on actual rents. With public and private investment capital fueling development throughout Long Beach, North Long Beach is beginning to see the impact, with a myriad of projects in planning or development that will bring new single family homes, townhomes, mixed-use project and modern commercial space.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | $1,484 | 650 |
| 2+2 | 10 | $1,795 | 840 |
| 3+2 | 1 | $2,495 | 1,177 |
PROPERTY TAXES
| Parcel Number | 7130-016-034 | Improvements Assessment | $3,827,760 |
| Land Assessment | $1,252,222 | Total Assessment | $5,079,982 |
PROPERTY TAXES
zoning
| Zoning Code | R4R |
| R4R |
Learn More About Investing in Apartment Buildings
