531 W 5th Street
Long Beach, CA 90802
3
Bed
7
Bath
7,518Sqft(Lot)
Ideal Owner-User Opportunity Near Downtown Long Beach 531 W 5th St is a 7-unit multifamily investment offering a rare combination of owner-user flexibility, in-place income, and upside through approved development plans. The property features a vacant 3-bedroom/1-bath front house with a full kitchen, dedicated dining area, Ring camera, and mini-split system, giving an owner-occupant the privacy and feel of a standalone home while collecting rental income from the remaining six units. At current rents, the property produces a 6.02% cap rate and 10.87 GRM. Approved plans are in place for a 3-bedroom/2-bath ADU, which brings the property to a 8.23% cap rate (including estimated construction costs) once built, a clear value-add path for an investor or owner-user looking
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Building Information
Year Built: 1905Building Area Total: 3344Pool Features: NonePrivate Pool: No
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Lot Information
Main Square Feet: 7518 Lot Size Acres: 0.1726 Lot Size Source: Assessor Lot Size Square Feet: 7,518 Lot Description: ZeroToOneUnitAcreProperty Information
Subdivision: Alamitos Beach (AB) Source Property Type: ResidentialIncome Property SubType: Apartment Property Age: 121
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Listing Price Information
Listing Price: $1395000Cash, CashToNewLoan, Conventional, Contract
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Tax Information
Parcel Number: 7278021039 Tax Lot: 22 Tax Block: 145
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Parking Information
Parking Total: 4Garage Information
Has Garage: Yes Garage Space: 4
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Location Information
Direction: east of Pacific Avenue and west of Magnolia Avenue WaterSource: Public
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 227 Lime, Long Beach, CA, 90802 | $1,800,000 | 7 | 11 | -- |
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ByOwner last updated this listing 08/19/2026 @ 23:40
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