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

Long Beach
Local realty services provided by:ERA North Orange County Real Estate
3121 E 5th #5,Long Beach, CA 90814
$1,650,000
  • - 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:$1,650,000
  • Price per sq. ft.:$283.41

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.

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an ERA®  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 an ERA®  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 (BHGRE® , CENTURY 21® , Coldwell Banker® , Corcoran® , 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:30 day(s) ago
  • Updated:June 30, 2026 at 01:36 PM

Rooms and interior

  • Flooring:Laminate, Wood
  • Kitchen Description:Laminate Counters
  • 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:$1,650,000
  • Price per sq. ft.:$283.41

Features and amenities

  • Appliances:Water Heater
  • Laundry features:Common Area
  • Amenities:Carbon Monoxide Detectors, Smoke Detectors, Unfurnished

Parking

  • Total parking spaces:5
  • Parking description:Door Single, Driveway, Garage
  • Garage:Yes
  • Garage spaces:4
Based on information from California Regional Multiple Listing Service, Inc. as of June 30, 2026 . 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. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

New listings near 3121 E 5th #5