Movoto Real Estate
Search
About Tour Schools Neighborhood Places of interest Commute Home value Property history Market statistics
  • Exterior
  • View/Area
  • Other
  • Living
  • Bedroom
  • Kitchen
  • Bath

3121 E 5th, Long Beach, CA 90814

  • $1,650,000

    •

  • —

    bed

  • —

    bath

Multi-family for sale 15 days
$340K price drop
Movoto is helping 68 homebuyers near you

About 3121 E 5th

Property type Multi-family
Neighborhood
Year built 1930
HOA fee $0/month
Lot size 6,753 Sqft
Movoto estimate
Parking 4 garage spaces
Rental estimate
Property description
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.
Listed by
Listing Agent - Ikumi Baker
Listing Agent Contact: 562-310-0490
Listing Office - Remco - A. R. E. & Mgmt. Co.
Source: CRMLS mls logo
MLS#PW26116533 • last updated 2 days ago
Movoto checked CRMLS for data 8 minutes ago
Request a virtual or in-person tour
Overview
Levels/Style Two, Mediterranean
Type Residential Income
SubType Apartment
Status Active
Lot Size (Acres) 0.155
Lot Size (SqFt) 6753
Tax Area 5500
Year Built 1930
Interior
Laundry Common Area
Appliances Water Heater
Interior Features Laminate Counters, Unfurnished
Accessibility Features None
Exterior
Construction Stucco
Building Area Square Feet, 5822
Roof Flat
Parking Garage, Garage - Single Door, Driveway
# Uncovered Spaces 1
# Parking Spaces 5
# Garage Spaces 4
Lot Description Paved
Amenities / Utilities
Fireplaces None
Sewer/ Septic Sewer Paid, Public Sewer
Water Source Public
HOA Amenities Water, Sewer
Spa None
Pool None
Location
View None
County Los Angeles
Community Features Biking, Street Lights, Sidewalks
Subdivision Bluff Park (BLF), Bluff Park (BLF)
Neighborhood Belmont Bluff
Zoning LBR2N
Directions Obispo And 5th
APN 7257006027
Multifamily Details
Vacancy Allowance Rate 1
Expense: Trash 1500
Operating Expense 25511
Cap Rate 5.78
Expense: Insurance 6514
Total Expenses 25511
Expense: Maintenance 5000
Expense: Water/ Sewer 2400
Gross Income 122300
Gross Operating Income 120879
Expense: Electric 1056
Gross Multiplier 13.5
Gross Scheduled Income 122300
Lot/ Land Details
Road Frontage City Street
Road Surface Paved
Tour this home
When would you like to see 3121 E 5th?
question
Have a question about this property? Call us at (844) 430-0869
6/10
Mann Elementary School
public Grades K-5
Long Beach Unified School District
6/10
Wilson High School
public Grades 9-12
Long Beach Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

Around Densmore Villa

Explore everything this neighborhood has to offer. Learn more about Densmore Villa.
View homes for sale in Densmore Villa
81/100
Walk
65/100
Family
89/100
Dining
96/100
Pet
  • Real Estate
  • CA
  • Los Angeles County
  • Long Beach
  • 90814
  • Densmore Villa
  • 3121 E 5th

My commute

Enter a destination to see travel time and distance.
By entering my info and clicking Ask a Question below, I am providing my e-signature and express written consent to receive marketing emails, calls, and texts (including via automatic telephone dialing systems, AI generative, artificial or pre-recorded voice technology) relating to my inquiry from Movoto (and parties calling/messaging on their behalf) even if my number appears on the company, state, or national Do Not Call Registry. You also agree to ourTerms and Conditions and Privacy Policy. Consent not required to receive services (call 1-844-420-1270 to be connected without providing consent).

Nearby homes for sale in Long Beach, CA

Nearby recently sold homes in Long Beach, CA

Newest listings in 90814

Meet with a real estate agent today (844) 430-0869
  • Movoto Logo
  • Download IOS APP Download Android APP
The multiple listing information is provided by CRMLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information updated every 15 minutes. Terms of use & Privacy Policy, California Privacy Info. Copyright © 2005 - 2026 Movoto, Inc. All rights reserved. Equal Housing Opportunity CalDRE CalDRE #01517281
Movoto Real Estate is committed to ensuring accessibility for individuals with disabilities. We are continuously working to improve the accessibility of our web experience for everyone. We welcome feedback and accommodation requests, please submit them here.
CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 6/11/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Requests for information regarding mortgage products will be directed to Movoto.com affiliate, Lower, LLC - a licensed Mortgage Lender (NMLS #1124061), or, based on your location, may be redirected to a participating mortgage marketing partner that may pay Lower, LLC for any consumer contact information provided through this site.