3121 E 5th Street, Long Beach, CA 90814

• 2 beds |
• 1 bath

Property Description

3121 East 5th Street is a 5-unit multifamily investment property located in Long Beach, California. Constructed in 1930 and known as Casa Valencia, the property features a unit mix of five 2-bed/1-bath residences totaling 5,822 square feet. Four of the units offer approximately 1,242 square feet of living space, while the fifth totals approximately 854 square feet. Four single-car garages and four surface space provide an attractive parking ratio. Casa Valencia retains a collection of original Spanish Revival details that distinguish the property from more conventional apartment inventory. Architectural features include plaster barrel-vaulted ceilings, curved archways and period Spanish Revival fixtures, complemented by oak flooring and dedicated dining rooms in 4 of the 5 residences. Ownership has renovated 2 of the 5 units with new kitchens, stainless-steel appliances and in-unit washer/ dryers while also completing electrical and exterior improvements throughout the property. Most notably, Unit 3127, the renovated 1,242-square-foot residence, currently rents for $3,495 per month, compared with approximately $1,770 to $2,528 for the three remaining residences of the same size. This in-place performance provides a clear benchmark for the propertys value-add potential as the remaining units are improved over time. Located in Long Beachs 90814 ZIP, Casa Valencia places residents near Fourth Streets Retro Row, Bluff Park and the coastline, with convenient access to Belmont Shore, Downtown Long Beach and the surrounding areas dining, shopping and recreational destinations. Tog

Listing Status:

Active

Date Added:

October 1, 2026

Data Last Updated:

October 9, 2026 at 1:11AM

Listing Office:

Marcus & Millichap RE Invest : 949-419-3200

Listing Agent:

Tyler Leeson : 949-419-3326

MLS ID:

OC26214397

Exterior

• Pool: N/K

Construction

• General: 2 Story

Location

• HOA Amenities: 0.0
• Originating MLS: California Regional MLS
• County: Los Angeles

Lot

• Zoning: Assessor7257006027

Financial

• Source: California Regional MLS