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1048 E 5th StreetLong Beach, CA 90802

For Sale

$2,350,000

Smart Buyer Rebate $23,500

***Immediate Income Opportunity***Value-add 6-unit in Long Beach with enough land for additional units + parking. Fully renovated, strong cash flow, and ready for a developers expansion plans. High upside via development or hold. Rare Long Beach opportunity: a fully stabilized 6-unit multifamily income property (5 of 6 units recently renovated, 6th unit has been updated) offered with garage parking for 5 spaces. Located near freeway access, top Long Beach dining and shopping corridors, and waterfront attractions. Excellent for investors seeking both strong cash flow and development upside. [CROSS POSTED MLS# IV25264295]

Listed by JENNIFER MENDOZA

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License #01991593

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EXP REALTY OF CALIFORNIA INC

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agentjennifermendoza@gmail.com

Last updated December 05, 2025

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Source: CRMLS #IV25271614

Listing Facts

  • TypeMulti-family
  • NeighborhoodNorth Alamitos Beach
  • Days on Prevu5

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

12/05/2025
Listed by EXP REALTY OF CALIFORNIA INC
$2,350,000

Property Details for 1048 E 5th Street

Association

Amenities

  • Community Features: Sidewalks, Urban

Exterior

Construction

  • Number Of Units Total: 6
  • Property Attached: Yes
  • Stories Total: 2
  • Year Built: 1915
  • Common Walls: 1 Common Wall
  • Entry Location: /

Measurements

  • Building Area Total: 11,338
  • Building Area Units: Square Feet
  • Lot Size Acres: 0.34
  • Lot Size Area: 14,871
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 14,871
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 6.64
  • Gross Income: $14,560.00
  • Operating Expense: $118,616.00

Taxes

  • Parcel Number: 7266009015

Other

Location

  • Subdivision Name: Alamitos Beach (AB)
  • Tax Lot: /

Parking

Parking

  • Garage Spaces: 5
  • Garage: Yes
  • Parking Features: Door-Single, Garage, Public
  • Parking Total: 5

Utilities

Equipment

  • Laundry Features: Washer Hookup, Electric Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 1048 E 5th Street.

Does this multi-family home have parking?

Yes, there are 5 parking spaces available for 1048 E 5th Street.

How does 1048 E 5th Street compare to other multi-family homes in North Alamitos Beach?

This multi-family home is listed 18% below the average price for multi-family homes in North Alamitos Beach and has been on the market for 85 less days than the typical home in this area.

1048 E 5th Street is a -bedroom multi-family home for sale in Long Beach CA 90802. Available on Prevu for 5 days at $2,350,000. This home is located in North Alamitos Beach. The median listing price for multi-family homes in this area is $1,690,000. Additional amenities include parking. View other multi-family home listings in Long Beach.

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.