3121 E 5th, Long Beach, CA 90814

Long Beach
Local realty services provided by:ERA North Orange County Real Estate
3121 E 5th,Long Beach, CA 90814
$1,650,000
  • 8 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: ikumi baker
Office: remco - a. r. e. & mgmt. co.
MLS#:PW26116533
Source:San Diego MLS via CRMLS

Price summary

  • Price:$1,650,000

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

  • Listing ID #:PW26116533
  • Added:19 day(s) ago
  • Updated:June 19, 2026 at 04:29 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4

Structure and exterior

  • Construction Materials:Stucco
  • Levels:2 Story

Utilities

  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$1,650,000
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