Active

3121 E 5th #5

Long Beach, CA 90814

$1,990,000 $8,389/Mo

Get Pre-Approved Check your credit

Overview

Bed

Bath

5,822

Sqft

6,753

Sqft(Lot)

Description

Well maintained Mediterranean 5 plex is just blocks to the beach. Popular rental residential area. All units are 2 BR/1BA. 4 units are 1242 sqft and the unit above the detached 4 single car garages is 854 sqft. As the owners upgraded units, they preserved many original, ornate features such as tile work, arched openings to dining rooms, coved ceilings and polished hardwood floors. Common area laundry room. Unit #3127 will remain not rented. With the actual current rents + 1 vacancy, the CAP rate is 4.8%. Potential upside is high for investors with building improvement in mind. Potential pro-forma rent total is $152,400 and NOI can be $127,089. Potentially 6.4% CAP rate and 13 GX. It is a fantastic investment opportunity.

Property Details

Property Type : Residential Income

Price : $1,990,000

AD Id : 79641456

MLS Id : PW26116533

Lot Size : 6,753 Sqft

Living Area Size : 5,822

Year Built : 1930

Garage : 4

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Water/Sewer

Water Source: Public Sewer: Public Sewer,Sewer Tap Paid
Interior Features

Roof: Flat Interior Features: Laminate Counters,Unfurnished Property Appliances: Water Heater Fireplace: None Flooring: Laminate,Wood
Cooling Features

None Air Conditioning

Heating Source

Natural Gas Has Heating

Fireplace

Fireplace Features: None Has Fireplace: 0

Building Information

Year Built: 1930 Building Area Total: 5,822 Construction: Stucco Roof: Flat
Security Features

Carbon Monoxide Detector(s),Smoke Detector(s)
Accessibility Features

None

Pool Features

None

Laundry Features

Common Area

Lot Details

Lot Dimensions Source: Assessor Lot Size Acres: 0.155 Lot Size Dimensions: 50x135
Lot Size Source: Assessor Lot Size Square Feet: 6753

Listing Price Information

Original List Price: 1,990,000 Listing Contract Date: 2026-05-28
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 7257006027

Garage and Parking

Garage Description: Door-Single,Driveway,Garage

Homeowners Association

Association Amenities: Water
Rental Info

Lease Term: Negotiable Tenant Pays: Electricity,Gas

Other Property Info

Source Listing Status: Active Source Neighborhood: 2 - Belmont Heights, Alamitos Heights Directions: Obispo and 5th Zoning: LBR2N Source Property Type: Residential Income Area: 2 - Belmont Heights, Alamitos Heights Property SubType: Apartment
Building and Construction

Property Age: 96 Common Walls: 2+ Common Walls Structure Type: Apartment Year Built Source: Assessor Entry Level: 1 Entry Location: Ground Property Attached: Yes Levels or Stories: Two Building Total Stories: 2

Sell a home like this and save $118,901 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Loading, please wait...

Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
377 Ximeno Avenue, Long Beach, CA, 90814	$995,000	2	1	871	871 SqFt
359 Termino Avenue, Long Beach, CA, 90814	$1,120,000	3	1	1,429	1,429 SqFt
2439 E 6th, Long Beach, CA, 90814	$925,000	2	--	987	987 SqFt

Similar Homes To 3121 E 5th #5

Nearby For Sale

Active

$890,000

Home For Sale

1060 E 6th Street,
Long Beach, CA, 90802

Bed

Sqft

Sqft(Lot)

5120 E Livingston Drive,
Long Beach, CA, 90803

Sqft

Sqft(Lot)

333 La Verne Avenue,
Long Beach, CA, 90803

Bed

Bath

Sqft

Sqft(Lot)

Mobile Homes For Sale

4925 Holly,
Long Beach, CA, 90805

Bed

Bath

400

Acres

Active

$169,900

Mobile Homes For Sale

6207 Seabreeze,
Long Beach, CA, 90803

Bed

Bath

Copyright © 2026 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

ByOwner last updated this listing 06/11/2026 @ 18:49

MLS: PW26116533 LISTED BY: Ikumi Baker, Remco - A. R. E. & Mgmt. Co. 562-494-3805 SOURCE: CRMLS