3121 E 5th 5 Long Beach, CA $ 1,990,000
3121 E 5th 5
$ 1,990,000
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3121 E 5th 5

Long Beach, CA, 90814
$ 1,990,000
Baths5.0 Sq 5,822

Monthly Estimate*

$ 12,253

Listed by Remco - A. R. E. & Mgmt. Co.
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Studio

Multi-Family Home for sale in Long Beach, CA

for $1,990,000 with 5 full baths. This 5,822 square foot home was built in 1930 on a lot size of 0.155.

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.

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Multi-Family Active

Price

$ 1,990,000

Bedrooms

Studio

Full Bath

5

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.155

Year Built

1930

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

PW26116533

Days on Market

6

Features
General
Sewer Public Sewer Sewer Tap Paid
Heating Natural Gas
Cooling None
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Possession Close Of Escrow
Roof Flat
Appliances Water Heater
Zoning LBR2N
HOA Fee 0
Garage Spaces 4
Association Fee Includes Sewer
Architectural Style Mediterranean
Pool Features None
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Construction Materials Stucco
Year Built 1930
Electric Electricity - On Property Standard
View None
Stories Count 2
Levels Two
Unit Number 5
Property Subtype Apartment
Gross Income 122300
Community Features Biking Street Lights Sidewalks
Accessibility None
County Los Angeles
Net Operating Income 95368
Operating Expense 25511
Insurance Expense 6514
New Construction false
Property Type Residential Income
Association Amenities Water
HOA false
MaintenanceExpense 5000
Subdivision Name Bluff Park (BLF)
Facing Direction South
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions Obispo and 5th
City Long Beach
Disclosures Rent Control
Entry Location Ground
Senior Community Y/N false
Open Parking Spaces 1
Number Of Units Total 5
MLS Area 2 - Belmont Heights Alamitos Heights
Lot Size Units Square Feet
Lot Size Square Feet 6753
Listing Terms Cash Cash to New Loan 1031 Exchange
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 1056
Fuel Expense 0
Trash Expense 1500
Water Sewer Expense 2400
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 22
Property Sub Type Additional Apartment
Taxes 3281
Cap Rate 4.8
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Interior
Interior Amenities Laminate Counters Unfurnished
Flooring Laminate Wood
Fireplace Features None
Total Stories 2
Common Walls 2+ Common Walls
Air Conditioning Y/N false
Heating Y/N true
Fireplace Y/N false
Laundry Features Common Area
Entry Level 1
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Exterior
Parking Features Door-Single Driveway Garage
Lot Features Paved
Water Source Public
Total Parking 5
Lot Size Area 6753
Number of Buildings 2
Spa false
Building Area Total 5822
Lot Dimensions 50x135
Lot Size Acres 0.155
Road Surface Type Paved
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 6
Number of Separate Electric Meters 6
Road Frontage Type City Street
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* Excluded Features
List By
Remco - A. R. E. & Mgmt. Co.

Broker

ikumi@REMCOrealestate.net

Email

Affordability Calculator

$12,253
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Monthly Principal & Interest
$12,253
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Default based on a 30-year fixed rate of 6.25% 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
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/30/2026$1,990,000 Listed Price

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3121 E 5th 5, Long Beach, CA, 90814 is a Multi-Family Home for sale at $1,990,000 with 5,822 sqft and a lot size of 0.155. 3121 E 5th 5 is a studio with 5.0 baths and was built in 1930. The property's zip code is 90814 which is in Long Beach, CA