3121 E 5th 5, Long Beach, CA 90814

• 5,822 sqft

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.

Listing Status:

Active

Date Added:

May 30, 2026

Data Last Updated:

June 13, 2026 at 10:19PM

Listing Office:

Remco - A. R. E. & Mgmt. Co. : 562-494-3805

Listing Agent:

Ikumi Baker : 562-310-0490

MLS ID:

PW26116533

Interior

• General: Laminate CountersUnfurnished
• Appliances: Water Heater
• Laundry: Common Area
• Flooring: LaminateWood
• A/C: None
• Heating: Natural Gas
• Fireplace: None
• Disability Feature: None

Exterior

• General: None
• Style: Mediterranean
• Pool: None
• Parking: Door-SingleDrivewayGarageParking spaces: 5

Construction

• Roofing: Flat
• General: Stucco2

Location

• Road/Access: City Street
• HOA Amenities: WaterSewer0.0
• Originating MLS: CRMLS_CRM
• County: Los Angeles

Lot

• Zoning: LBR2N7257006027
• View: None

Utilities

• Utilities: Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater ConnectedElectricity - On PropertyStandard
• Water: Public
• Sewer: Public SewerSewer Tap Paid

Financial

• Source: CRMLS_CRM