Perfect 4 unit investment property right in the heart of Downtown Long Beach, benefitting from over $8 billion in new and ongoing development. The property features four 1 bed/1 bath units in 2688 square feet on a 2001 square foot lot. Well priced on actual income at 13.3X GRM with a 9% upside in rents to a market GRM of 12. Nicely remodeled interiors that offer modern finishes while maintaining the period character of the building. Simple low expense property separately metered for gas and electric. Well maintained, professionally managed Asset in a dense, high demand rental market. Attractive entry price and low price per door for a 4 unit property, offering 30 year fixed financing. The property is only 2 blocks to the massive civic center redevelopment, 2 blocks to historic Pine Avenue, and 5 blocks to Ocean Blvd. The Metro Blue Line station is only one block away for excellent transit access. Per Costar, 65% of households within a 5 mile radius are renters with an average household income of over $93,000.
Sold for $1,050,000
Listing Provided by: Buckingham Investments, Inc
Bought with: Buckingham Investments, Inc
$1,050,000
334 W 5th St, Long Beach, CA 90802
4beds
4baths
2,688sqft
Quadruplex
Built in 1923
-- sqft lot
$1,050,200 Zestimate®
$391/sqft
$2,652 Estimated rent
Home value
$1,050,200
$945,000 - $1.17M
$2,652/mo
Zestimate® history
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Modern finishesNicely remodeled interiors
Zillow last checked:
Listing updated:
Listing Provided by:
Anthony Walker DRE #01908153 310-561-4776,
Buckingham Investments, Inc,
Josh Ess DRE #02035659 310-982-7055,
Buckingham Investments, Inc
Bought with:
Kristen Mussenden, DRE #02096276
Buckingham Investments, Inc
Source: CRMLS,MLS#: SB25062688
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Wall Furnace
Cooling
- None
Appliances
- Included: Gas Range
- Laundry: None
Features
- Built-in Features
- Flooring: Laminate
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 2,688
- Total interior livable area: 2,688 sqft
Property
Parking
- Parking features: None
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: None
Lot
- Size: 2,001 sqft
- Features: Rectangular Lot
Details
- Parcel number: 7280011005
- Zoning: LBPD10
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Foundation: Raised
Condition
- New construction: No
- Year built: 1923
Utilities & green energy
- Electric: Standard
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: Urban
Location
- Region: Long Beach
- Subdivision: Downtown (Dt)
HOA & financial
Other financial information
- Total actual rent: 6580
Other
Other facts
- Listing terms: Cash to New Loan
Price history
| Date | Event | Price |
|---|---|---|
| 8/15/2025 | Sold | $1,050,000$391/sqft |
Source:  CRMLS #SB25062688 Report a problem | ||
| 4/28/2025 | Pending sale | $1,050,000$391/sqft |
Source: CRMLS #SB25062688 Report a problem | ||
| 3/27/2025 | Listed for sale | $1,050,000+53.2%$391/sqft |
Source: CRMLS #SB25062688 Report a problem | ||
| 1/30/2018 | Listing removed | $1,395$1/sqft |
Source: Ernst & Haas Management - Property # 446026 Report a problem | ||
| 1/20/2018 | Price change | $1,395-6.7%$1/sqft |
Source: Ernst & Haas Management - Property # 446026 Report a problem | ||
| 12/23/2017 | Listed for rent | $1,495$1/sqft |
Source: Ernst & Haas Management - Property # 446026 Report a problem | ||
| 4/28/2017 | Sold | $685,500+531.8%$255/sqft |
Source: Public Record Report a problem | ||
| 12/30/1994 | Sold | $108,500-44.3%$40/sqft |
Source: Public Record Report a problem | ||
| 7/11/1994 | Sold | $194,797$72/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,891 +4.5% | $795,527 +2% |
| 2024 | $10,420 +1.8% | $779,935 +2% |
| 2023 | $10,240 +6.5% | $764,649 +2% |
| 2022 | $9,615 -15% | $749,663 -16.2% |
| 2021 | $11,313 +20.5% | $894,468 +23% |
| 2020 | $9,388 | $727,438 +2% |
| 2019 | $9,388 +3.8% | $713,182 +2% |
| 2018 | $9,046 | $699,204 +345.3% |
| 2017 | $9,046 +259.8% | $157,003 +2% |
| 2016 | $2,514 +7.8% | $153,926 +1.5% |
| 2015 | $2,333 +3.3% | $151,615 +2% |
| 2014 | $2,258 | $148,646 +2.5% |
| 2012 | -- | $145,075 +2% |
| 2011 | -- | $142,231 +0.8% |
| 2010 | -- | $141,169 -0.2% |
| 2009 | -- | $141,506 +2% |
| 2008 | -- | $138,733 +2% |
| 2007 | -- | $136,014 +2% |
| 2006 | -- | $133,348 |
| 2005 | -- | $133,348 +4% |
| 2004 | -- | $128,172 +1.9% |
| 2003 | -- | $125,824 +2% |
| 2002 | -- | $123,358 +4% |
| 2000 | -- | $118,570 |
Find assessor info on the county website
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 6/10Chavez Elementary SchoolGrades: K-5Distance: 0.4 mi
- 4/10Washington Middle SchoolGrades: 6-8Distance: 1.9 mi
- 3/10Cabrillo High SchoolGrades: 9-12Distance: 1.9 mi
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Estimated market value
$1,050,200
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Estimated market value
$1,050,200
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