1048 E 5th Street Long Beach, CA ^$ 2,350,000

1048 E 5th Street

^$ 2,350,000

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Recently Listed

1048 E 5th Street

Long Beach, CA, 90802

^$ 2,350,000

Studio Baths0.0 Sq 4,450

Monthly Estimate*

^$ 14,661

Listed by EXP REALTY OF CALIFORNIA INC

1048 E 5th Street, Long Beach, CA 90802 - Image 1

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1048 E 5th Street, Long Beach, CA 90802 - Image 8

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1048 E 5th Street, Long Beach, CA 90802 - Image 12

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Studio

Multi-Family Home for sale in Long Beach, CA

for $2,350,000. This 4,450 square foot home was built in 1915 on a lot size of 0.3414.

***Immediate Income Opportunity***Value-add 6-unit in Long Beach with enough land for additional units + parking. Fully renovated, strong cash flow, and ready for a developers expansion plans. High upside via development or hold. Rare Long Beach opportunity: a fully stabilized 6-unit multifamily income property (5 of 6 units recently renovated, 6th unit has been updated) offered with garage parking for 5 spaces. Located near freeway access, top Long Beach dining and shopping corridors, and waterfront attractions. Excellent for investors seeking both strong cash flow and development upside. [CROSS POSTED MLS# IV25264295]

Multi-Family Active

Price

^$ 2,350,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.3414

Year Built

1915

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

IV25271614

Days on Market

Features

General

Sewer Public Sewer

Garage Spaces 5

Pool Features None

Year Built 1915

Property Subtype Apartment

Gross Income 14560

Community Features Sidewalks Urban

County Los Angeles

Net Operating Income 316739

Operating Expense 118616

Insurance Expense 4535

New Construction false

Property Type Residential Income

Subdivision Name Alamitos Beach (AB)

Garage Y/N true

Special Listing Conditions Standard

Status Active

Directions Alamitos and 5th

City Long Beach

Senior Community Y/N false

Number Of Units Total 6

MLS Area 4 - Downtown Area Alamitos Beach

Lot Size Units Square Feet

Lot Size Square Feet 14871

Number of Units Leased 6

Listing Terms Cash Conventional 1031 Exchange Owner May Carry Submit

Property Attached Y/N true

Land Lease Y/N false

Electric Expense 2000

Fuel Expense 0

Trash Expense 1700

Water Sewer Expense 3500

Additional Parcels Y/N false

Rent Control Y/N false

Building Area Units Square Feet

Standard Status Active

Year Built Source See Remarks

Property Sub Type Additional Apartment

Cap Rate 6.64

Interior

Total Stories 2

Common Walls 1 Common Wall

Laundry Features Washer Hookup Electric Dryer Hookup

Entry Level 0

Exterior

Parking Features Door-Single Garage Public

Water Source Public

Total Parking 5

Lot Size Area 14871

Number of Buildings 2

Building Area Total 4450

Lot Size Acres 0.3414

Private Pool false

Lot Size Source Assessor

Number of Separate Water Meters 0

Number of Separate Gas Meters 0

Number of Separate Electric Meters 0

* Excluded Features

List By

Exp Realty Of California Inc

Broker

agentjennifermendoza@gmail.com

Affordability Calculator

$14,661

Per Month

Monthly Principal & Interest: $14,661
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Long Beach, CA

Average List Price ^$1,850,607

Percent of Sale Price 21%

About Long Beach, CA

470,090 Population

2% Since 2002

^$57,916 Median Income

35.78 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/5/2025	$2,350,000		Listed Price

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1048 E 5th Street, Long Beach, CA, 90802 is a Multi-Family Home for sale at $2,350,000 with 4,450 sqft and a lot size of 0.3414. 1048 E 5th Street is a studio with 0.0 baths and was built in 1915. The property's zip code is 90802 which is in Long Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 12/16/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1048 E 5th Street

Multi-Family Home for sale in Long Beach, CA

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