3121 E 5th #5, Long Beach, CA 90814

Long Beach
Local realty services provided by:Better Homes and Gardens Real Estate Champions
3121 E 5th #5,Long Beach, CA 90814
$1,990,000
  • - Beds
  • - Baths
  • 5,822 sq. ft.
  • Multi-family
  • Active
Listed by: ikumi baker
Office: remco - a. r. e. & mgmt. co.562-494-3805
MLS#:PW26116533
Source:CRMLS

Price summary

  • Price:$1,990,000
  • Price per sq. ft.:$341.81

About this home

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.

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with a BHGRE®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a BHGRE®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (CENTURY 21® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1930
  • Listing ID #:PW26116533
  • Added:1 day(s) ago
  • Updated:May 31, 2026 at 10:33 AM

Rooms and interior

  • Flooring:Laminate, Wood
  • Living area:5,822 sq. ft.

Heating and cooling

  • Heating:Natural Gas

Structure and exterior

  • Roof:Flat
  • Year built:1930
  • Building area:5,822 sq. ft.
  • Lot area:0.16 Acres
  • Lot Features:Paved
  • Architectural Style:Mediterranean
  • Construction Materials:Stucco
  • Levels:2 Story

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected, Sewer Tap Paid

Finances and disclosures

  • Price:$1,990,000
  • Price per sq. ft.:$341.81

Features and amenities

  • Amenities:Carbon Monoxide (CO2) Detector, Laminate Counters, Water Heater

Parking

  • Total parking spaces:5
  • Parking description:Door-Single, Driveway, Garage
  • Garage:Yes
  • Garage spaces:4
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). Better Homes and Gardens Real Estate Champions is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Better Homes and Gardens Real Estate Champions, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved.

New listings near 3121 E 5th #5