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3121 E 5th 5Long Beach, CA 90814

For Sale

$1,650,000

Smart Buyer Rebate $16,500

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 Ikumi Baker

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License #00879343

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Remco - A. R. E. & Mgmt. Co.

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562-310-0490

Last updated June 12, 2026

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Source: CRMLS #PW26116533

Listing Facts

  • TypeMulti-family
  • NeighborhoodDensmore Villa
  • Days on Prevu16

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

06/12/2026
Price Decreased
$1,650,000
05/30/2026
Status changed to Active
$1,990,000
05/30/2026
Status changed to Removed from Feed
$1,990,000
05/30/2026
Listed by Remco - A. R. E. & Mgmt. Co.
$1,990,000

Property Details for 3121 E 5th 5

Association

Amenities

  • Association Amenities: Water
  • Community Features: Biking, Street Lights, Sidewalks

Fees

  • Association Fee Includes: Sewer

Exterior

Construction

  • Number Of Units Total: 5
  • Property Attached: Yes
  • Roof: Flat
  • Stories: 2
  • Stories Total: 2
  • Year Built: 1930
  • Architectural Style: Mediterranean
  • Common Walls: 2+ Common Walls
  • Construction Materials: Stucco
  • Entry Level: 1
  • Entry Location: Ground

Features

  • Direction Faces: South
  • Road Frontage Type: City Street

Measurements

  • Building Area Total: 5,822
  • Building Area Units: Square Feet
  • Lot Dimensions Source: Assessor
  • Lot Features: Paved
  • Lot Size Acres: 0.15
  • Lot Size Area: 6,753
  • Lot Size Dimensions: 50,135
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 6,753
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 5.78
  • Gross Income: $122,300.00
  • Operating Expense: $25,511.00

Taxes

  • Parcel Number: 7257006027

Interior

Features

  • Appliances: Water Heater
  • Flooring: Laminate, Wood
  • Interior Features: Laminate Counters, Unfurnished

Other

Location

  • Subdivision Name: Bluff Park (BLF)
  • Tax Block: G
  • Tax Lot: 22

Parking

Parking

  • Garage Spaces: 4
  • Garage: Yes
  • Open Parking Spaces: 1
  • Parking Features: Door-Single, Driveway, Garage
  • Parking Total: 5

Utilities

Equipment

  • Electric: Electricity - On Property, Standard
  • Heating: Natural Gas
  • Has Heating: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer,Sewer Tap Paid
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 3121 E 5th 5.

Does this multi-family home have parking?

Yes, there are 4 parking spaces available for 3121 E 5th 5.

How does 3121 E 5th 5 compare to other multi-family homes in Densmore Villa?

This multi-family home is listed 32% below the average price for multi-family homes in Densmore Villa and has been on the market for 107 less days than the typical home in this area.

3121 E 5th 5 is a -bedroom multi-family home for sale in Long Beach CA 90814. Listed on Prevu for 16 days at $1,650,000. This includes a recent price decrease of $340,000. This residence is located in Long Beach. The median listing price for multi-family homes in this area is $2,410,000. Property 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.