Los Angeles, CA 90008
LISTING CRE
1001 E. 5th Street
5 Units in Prime Downtown Long Beach
Property
The Asset
Units
Gross SF
Lot SF
Year Built
Zoning
Parking
Summary
5
3,544
6,167
1929
LBR3S
4 Detached Garages
SNAPSHOT
Premiere
Location
Spanish
Colonial
94
Walkscore
Overview
The Opportunity
Spanish Colonial Coastal Hacienda meets booming Downtown Long Beach in this wonderful 5 unit Income property. Prime location next to all the downtown projects as total Long Beach development exceeded $3.5 billion.
Property Overview
This classical California design is reminiscent of a hacienda compound featuring much desired outdoor common space and is attractive to prospective tenants who yearns for a beach city with a mix of metropolitan lifestyle. Gated access to the front and rear of the property as well as direct garage access to the secured area makes this a property a rare commodity.
Property is equipped with solar, allows landlord to maximize rents as electricity is included. Completely remodeled, all units have AC installed with permits. All units rewired, new plumbing, New windows, all kitchens and bathrooms completely remodeled. 4 garages.
The Loction
Biking distance to the Alamitos beach adjacent to Downtown Long Beach where the city host major events such as, F1 Grand Prix of Long Beach, X Games, World Surf League's pro Longboard Tour as well as music festivals and outdoor concerts. In preparation of the summer 2028 Olympics, the city is building a new aquatic center on the beach called the Belmont Beach and Aquatic Center.
This establishes a new focal point for the Long Beach aquatic competition community. Facilities include two 50-meter competition pools, recreational and teaching pools, therapeutic whirlpools, diving platforms, springboards and deep water wells, spectator seating and support spaces. Outdoors, a park, walk-up restaurant and landscaped plazas issue an open invitation to beachgoers and community members, and take full advantage of the Center’s Southern California setting.
