3121 E 5th Street, Long Beach, CA 90814
Local realty services provided by:CENTURY 21 Masters
3121 E 5th Street,Long Beach, CA 90814
$2,595,000
- 2 Beds
- 1 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: tyler leeson
Office: marcus & millichap re invest
MLS#:OC26214397
Source:San Diego MLS via CRMLS
Price summary
- Price:$2,595,000
About this home
3121 East 5th Street is a 5-unit multifamily investment property located in Long Beach, California. Constructed in 1930 and known as Casa Valencia, the property features a unit mix of five 2-bed/1-bath residences totaling 5,822 square feet. Four of the units offer approximately 1,242 square feet of living space, while the fifth totals approximately 854 square feet. Four single-car garages and four surface space provide an attractive parking ratio. Casa Valencia retains a collection of original Spanish Revival details that distinguish the property from more conventional apartment inventory. Architectural features include plaster barrel-vaulted ceilings, curved archways and period Spanish Revival fixtures, complemented by oak flooring and dedicated dining rooms in 4 of the 5 residences. Ownership has renovated 2 of the 5 units with new kitchens, stainless-steel appliances and in-unit washer/ dryers while also completing electrical and exterior improvements throughout the property. Most notably, Unit 3127, the renovated 1,242-square-foot residence, currently rents for $3,495 per month, compared with approximately $1,770 to $2,528 for the three remaining residences of the same size. This in-place performance provides a clear benchmark for the propertys value-add potential as the remaining units are improved over time. Located in Long Beachs 90814 ZIP, Casa Valencia places residents near Fourth Streets Retro Row, Bluff Park and the coastline, with convenient access to Belmont Shore, Downtown Long Beach and the surrounding areas dining, shopping and recreational destinations. Tog...
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Home facts
- Subdivision & Development:Eastside (ES)
- Listing ID #:OC26214397
- Added:4 day(s) ago
- Updated:October 06, 2026 at 02:37 PM
Rooms and interior
- Bedrooms:2
- Total bathrooms:1
Structure and exterior
- Levels:2 Story
Finances and disclosures
- Price:$2,595,000
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