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Sold for $1,500,000
    • Listed by: Remco - A. R. E. & Mgmt. Co. • Ikumi Baker • Contact: 562-310-0490
    Bought with: Remco - A. R. E. & Mgmt. Co.
    $1,500,000

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

    12beds
    6baths
    5,822sqft
    Multi Family
    Built in 1930
    -- sqft lot
    $1,488,000 Zestimate®
    $258/sqft
    $2,317 Estimated rent

    Home value

    $1,488,000

    $1.35M - $1.64M

    $2,317/mo

    Zestimate® history
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    $10,124/mo

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    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Ikumi Baker DRE #00879343 562-310-0490,

    Remco - A. R. E. & Mgmt. Co.

    Bought with:

    Ikumi Baker, DRE #00879343

    Remco - A. R. E. & Mgmt. Co.

    Source: CRMLS,MLS#: PW26116533MLS LogoOriginating MLS: California Regional MLS

    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
    • 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: $258/sqft
    • Date on market: 5/30/2026
    • Cumulative days on market: 17 days
    • Listing terms: Cash,Cash to New Loan,1031 Exchange
    • Total actual rent: 122100
    • Tenant pays: Electricity, Gas
    • Road surface type: Paved

    Price history

    DateEventPrice
    7/16/2026Sold$1,500,000-9.1%$258/sqft
    Source: CRMLS #PW26116533 Report a problem
    7/2/2026Pending sale$1,650,000$283/sqft
    Source: CRMLS #PW26116533 Report a problem
    6/19/2026Contingent$1,650,000$283/sqft
    Source: CRMLS #PW26116533 Report a problem
    6/13/2026Price change$1,650,000-17.1%$283/sqft
    Source: CRMLS #PW26116533 Report a problem
    5/30/2026Listed for sale$1,990,000$342/sqft
    Source: CRMLS #PW26116533 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Rose Park

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    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,488,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,488,000

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