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3121 E 5th, Long Beach, CA 90814

  • $1,650,000

    •

  • —

    bed

  • —

    bath

Multi-family for sale 14 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 1 day ago
Movoto checked CRMLS for data 5 minutes ago
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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
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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.

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  • Real Estate
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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 6/13/2026. 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.
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