Located at 1050 E 5th St in Long Beach, this rebuilt triplex offers a rare opportunity for both investors and owner-users seeking a turnkey income property in a prime coastal market. The property has undergone a renovation, delivering modern finishes, updated systems, and low-maintenance living across all three units. Each unit features a private entrance, functional layouts, and bright, contemporary interiors designed to attract quality tenants. Ideal for owner-user with a 5 bed/3.75 bath house which can be delivered vacant. One unit can be lived in while generating strong rental income from the others—helping offset mortgage costs. The property also offers on-site parking and a clean, updated exterior, enhancing curb appeal and long-term value. Conveniently located near downtown Long Beach, residents enjoy easy access to restaurants, shopping, transportation, and the beach. With strong rental demand and no immediate capital improvements needed, this is a true turnkey opportunity in a high-demand area.
70 days
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71
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1
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Zillow last checked:
Listing updated:
Listed by:
Robert SteppDRE #01456379310-463-2916,
Keller Williams Realty Downey,
Larry BustamanteDRE #00762602,
Keller Williams Realty Downey
Source: CRMLS,MLS#: PW26075600Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 11
Bathrooms: 10
Heating
Central
Appliances
Laundry: Laundry Room
Features
Common walls with other units/homes: 1 Common Wall
Interior area
Total structure area: 5,864
Total interior livable area: 5,864 sqft
Property
Parking
Total spaces: 7
Parking features: Garage
Garage spaces: 6
Uncovered spaces: 1
Features
Entry location: 1
Pool features: None
Lot
Size: 8,968 Square Feet
Features: 2-5 Units/Acre
Details
Parcel number: 7266009024
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Property subtype: Mixed Use
Attached to another structure: Yes
Condition
New construction: No
Year built: 2013
Utilities & green energy
Sewer: Public Sewer
Water: Public
Community & HOA
Community
Features: Sidewalks
Subdivision: Alamitos Beach (Ab)
Location
Region: Long Beach
Financial & listing details
Price per square foot: $281/sqft
Tax assessed value: $1,115,051
Annual tax amount: $15,280
Date on market: 4/20/2026
Cumulative days on market: 70 days
Listing terms: Cash,Cash to New Loan,1031 Exchange
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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