Pending

Listed by: Remco - A. R. E. & Mgmt. Co. • Ikumi Baker • Contact: 562-310-0490

Price cut: $340K (6/13)

$1,650,000

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

12beds

6baths

5,822sqft

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Multi Family

Built in 1930

-- sqft lot

$1,615,800 Zestimate^®

$283/sqft

$-- HOA

What's special

Polished hardwood floorsTile workCoved ceilingsOriginal ornate features

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.

30 days

126

8

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 12
Bathrooms: 6

Rooms

Room types: Kitchen, Living Room

Heating

Natural Gas

Cooling

None

Appliances

Included: Water Heater
Laundry: Common Area

Features

Laminate Counters, Unfurnished
Flooring: Laminate, Wood
Has fireplace: No
Fireplace features: None
Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 5,822
Total interior livable area: 5,822 sqft

Property

Parking

Total spaces: 5
Parking features: Door-Single, Driveway, Garage
Garage spaces: 4
Uncovered spaces: 1

Accessibility

Accessibility features: None

Features

Levels: Two
Stories: 2
Entry location: Ground
Pool features: None
Spa features: None
Has view: Yes
View description: None

Lot

Size: 6,753 Square Feet
Dimensions: 50 x 135
Features: Paved

Details

Parcel number: 7257006027
Zoning: LBR2N
Special conditions: Trust

Construction

Type & style

Home type: MultiFamily
Architectural style: Mediterranean
Property subtype: Multi Family
Attached to another structure: Yes

Materials

Stucco
Roof: Flat

Condition

New construction: No
Year built: 1930

Utilities & green energy

Electric: Electricity - On Property, Standard
Sewer: Public Sewer, Sewer Tap Paid
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Community & HOA

Community

Features: Biking, Street Lights, Sidewalks
Security: Carbon Monoxide Detector(s), Smoke Detector(s)
Subdivision: Bluff Park (Blf)

HOA

Amenities included: Water
Services included: Sewer

Location

Region: Long Beach

Financial & listing details

Price per square foot: $283/sqft
Date on market: 5/30/2026
Cumulative days on market: 30 days
Listing terms: Cash,Cash to New Loan,1031 Exchange
Total actual rent: 122100
Tenant pays: Electricity, Gas
Road surface type: Paved

Estimated market value

$1,615,800

$1.54M - $1.70M

$3,116/mo

Price history

Date	Event	Price
7/2/2026	Pending sale	$1,650,000$283/sqft
Source: CRMLS #PW26116533 Report a problem
6/19/2026	Contingent	$1,650,000$283/sqft
Source: CRMLS #PW26116533 Report a problem
6/13/2026	Price change	$1,650,000-17.1%$283/sqft
Source: CRMLS #PW26116533 Report a problem
5/30/2026	Listed for sale	$1,990,000$342/sqft
Source: CRMLS #PW26116533 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

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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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