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1050 E 5th, Long Beach, CA 90802

  • $1,650,000

  • bed

  • bath

Multi-family for sale 21 days
Movoto is helping 68 homebuyers near you

About 1050 E 5th

Property type Multi-family
Neighborhood
Year built 2013
HOA fee $0/month
Lot size 8,968 Sqft
Movoto estimate
Parking 6 garage spaces
Rental estimate
Property description
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.
Listed by
Listing Agent - Robert Stepp
Listing Agent Contact: 310-463-2916
Listing Office - Keller Williams Realty Downey
Source: CRMLS mls logo
MLS#PW26075600 • last updated 2 weeks ago
Movoto checked CRMLS for data 3 minutes ago
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Overview
Type Residential Income
SubType Commercial/Residential
Status Active
Lot Size (Acres) 0.2059
Lot Size (SqFt) 8968
Year Built 2013
Interior
Laundry Individual Room
Exterior
Building Area Square Feet, 5864
# Uncovered Spaces 1
# Parking Spaces 7
# Garage Spaces 6
Lot Description 2-5 Units/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Sidewalks
Subdivision Alamitos Beach (AB), Alamitos Beach (AB)
Directions Off Alamitos Ave
APN 7266009024
Multifamily Details
Expense: Trash 750
Operating Expense 39507
Expense: Insurance 4984
Total Expenses 39507
Expense: Maintenance 1950
Expense: Water/ Sewer 750
Gross Income 126426
Gross Operating Income 126426
Expense: Electric 750
Gross Scheduled Income 133080
Expense: Fuel 750
Expense: Gardener 600
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Source: GreatSchools.org © 2026. All rights reserved.

Around Franklin

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Walk
77/100
Family
89/100
Dining
96/100
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  • Real Estate
  • CA
  • Los Angeles County
  • Long Beach
  • 90802
  • Franklin
  • 1050 E 5th

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The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
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