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

Long Beach
Local realty services provided by:CENTURY 21 LOTUS
3121 E 5th #5,Long Beach, CA 90814
$1,500,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: ikumi baker
Office: remco - a. r. e. & mgmt. co.562-494-3805
MLS#:PW26116533
Source:CRMLS

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Price summary

  • Price:$1,500,000

About this home

Amazing! Listing price reduced $340K. 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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Home facts

  • Year built:1930
  • Listing ID #:PW26116533
  • Added:53 day(s) ago
  • Updated:July 23, 2026 at 02:22 PM

Rooms and interior

  • Flooring:Laminate, Wood

Heating and cooling

  • Heating:Natural Gas

Structure and exterior

  • Roof:Flat
  • Year built:1930
  • 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:$1,500,000

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
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