$2,350,000

1048 E 5th St Long Beach, CA 90802

North Alamitos Beach Neighborhood

Estimated payment $14,712/month

Total Views 12,525
8 Beds
4 Baths
4,450 Sq Ft
$528 Price per Sq Ft

Highlights

  • Hot Property
  • 0.34 Acre Lot
  • Laundry Room
  • Long Beach Polytechnic High School Rated A

About This Home

***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]

Listing Agent

JENNIFER MENDOZA

EXP REALTY OF CALIFORNIA INC Brokerage Email: agentjennifermendoza@gmail.com License #01991593 Listed on: 12/05/2025

EXP REALTY OF CALIFORNIA INC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1915

Lot Details

  • 0.34 Acre Lot
  • 1 Common Wall

Parking

  • 5 Car Garage
  • Public Parking
  • Parking Available
  • Single Garage Door

Home Design

  • Apartment

Interior Spaces

  • 4,450 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot /
  • Assessor Parcel Number 7266009015
  • $1,839 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 6 Units
  • Alamitos Beach Subdivision

Building Details

  • 6 Leased Units
  • Electric Expense $2,000
  • Insurance Expense $4,535
  • Professional Management Expense $17,765
  • Trash Expense $1,700
  • Water Sewer Expense $3,500
  • Operating Expense $118,616
  • Gross Income $14,560
  • Net Operating Income $316,739

Property Details

Home Type

Multi-Family

Year Built

Built in 1915

Lot Details

0

Parking

5

Listing Details

  • CapRate: 6.64
  • Professional Management Expense: 17765.00
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 3500.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7266009015
  • Year Built: 1915
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 528.09

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Garage - Single Door, Public
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1700.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 14871.00
  • Lot Size Acres: 0.3414

Multi Family

  • Electric Expense: 2000.00
  • Gross Income: 14560.00
  • Gross Scheduled Income: 444120.00
  • Insurance Expense: 4535.00
  • Lot Size Area: 14871.0000 Square Feet
  • Net Operating Income: 316739.00
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 118616.00
  • Rent Control: No
  • Total Expenses: 118616.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Lot: /
  • Tax Tract Number: /
  • TaxOtherAnnualAssessmentAmount: 1839.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/05/2025 12/05/25 For Sale $2,350,000 -- $528 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

About the Listing Agent

JENNIFER MENDOZA
JENNIFER MENDOZA

EXP REALTY OF CALIFORNIA INC

(562) 566-2813

Section Image

Real estate is more than just transactions – it’s about understanding the seasons of life and how they shape what people need in a home or investment. Whether you're buying your first home, upgrading for a growing family, downsizing, or exploring investment opportunities, I make it my mission to understand your goals and the “why” behind them.

I take pride in truly getting to know my clients, creating a personalized experience that feels less like a process and more like a partnership.

View JENNIFER's Profile

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV25271614

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90802 North Alamitos Beach

1048 E 5th St, Long Beach, CA

For Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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 broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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JENNIFER MENDOZA
JENNIFER MENDOZA
Listing Agent Section Image
EXP REALTY OF CALIFORNIA INC
(562) 566-2813