1048 E 5th St Long Beach, CA 90802
North Alamitos Beach NeighborhoodEstimated payment $14,083/month
Total Views
79,079
8
Beds
4
Baths
4,450
Sq Ft
$528
Price per Sq Ft
Highlights
- Very Popular 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
EXP REALTY OF CALIFORNIA INC Brokerage Email: agentjennifermendoza@gmail.com License #01991593 Listed on: 12/05/2025
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
- Insurance Expense $625
- Professional Management Expense $340
- Trash Expense $265
- Water Sewer Expense $265
- Operating Expense $1,375
- Gross Income $13,561
- Net Operating Income $146,232
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $22,547 | $1,697,932 | $1,061,208 | $636,724 |
| 2024 | $22,547 | $1,664,640 | $1,040,400 | $624,240 |
| 2023 | $22,149 | $1,632,000 | $1,020,000 | $612,000 |
| 2022 | $3,087 | $156,518 | $79,822 | $76,696 |
| 2021 | $2,988 | $153,450 | $78,257 | $75,193 |
| 2019 | $2,946 | $149,140 | $75,937 | $73,203 |
| 2018 | $2,773 | $146,222 | $74,449 | $71,773 |
| 2016 | $2,545 | $140,315 | $71,559 | $68,756 |
| 2015 | $2,467 | $138,209 | $70,485 | $67,724 |
| 2014 | $2,490 | $135,503 | $69,105 | $66,398 |
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
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.
JENNIFER's Other Listings
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IV25271614
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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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