Erin Barry
Seven Gables Real Estate
(424) 688-7302
27 Total Sales
2 in Bluff Heights
$431K - $1.5M Price Range
3121 E 5th St Unit 5 Long Beach, CA 90814
Bluff Heights Neighborhood
10
Beds
5
Baths
5,822
Sq Ft
6,753
Sq Ft Lot
Highlights
- Wood Flooring
- No HOA
- 4 Car Garage
- Mediterranean Architecture
- Living Room
- Bike Trail
About This Home
As of July 2026Amazing! 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.
Last Agent to Sell the Property
Remco - A. R. E. & Mgmt. Co. Brokerage Phone: 562-310-0490 License #00879343 Listed on: 05/30/2026
Last Buyer's Agent
Remco - A. R. E. & Mgmt. Co. Brokerage Phone: 562-310-0490 License #00879343 Listed on: 05/30/2026
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1930
Lot Details
- 6,753 Sq Ft Lot
- Lot Dimensions are 50x135
- Two or More Common Walls
- South Facing Home
- Paved or Partially Paved Lot
Parking
- 4 Car Garage
- 1 Open Parking Space
- Parking Available
- Single Garage Door
- Driveway
Home Design
- Mediterranean Architecture
- Apartment
- Entry on the 1st floor
- Flat Roof Shape
- Stucco
Interior Spaces
- 5,822 Sq Ft Home
- 2-Story Property
- Living Room
- Laminate Countertops
Flooring
- Wood
- Laminate
Bedrooms and Bathrooms
- 10 Bedrooms
- 5 Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Exterior Lighting
Utilities
- Heating System Uses Natural Gas
- Natural Gas Connected
- Water Heater
- Sewer Paid
Listing and Financial Details
- Tenant pays for gas, electricity
- Legal Lot and Block 22 / G
- Assessor Parcel Number 7257006027
- $1,331 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 5 Units
- Bluff Park Subdivision
Amenities
- Laundry Facilities
Recreation
- Bike Trail
Building Details
- 4 Leased Units
- Rent Control
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,056
- Insurance Expense $6,514
- Maintenance Expense $5,000
- Professional Management Expense $5,760
- Trash Expense $1,500
- Water Sewer Expense $2,400
- New Taxes Expense $3,281
- Operating Expense $25,511
- Gross Income $122,300
- Net Operating Income $95,368
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Bluff Heights, CA
-
Erin Barry
-
Teresa Gorman
Teresa Gorman
Fiduciary Real Estate Services
(949) 569-5182
74 Total Sales
1 in Bluff Heights
$1,450,000 Price
-
Michael Mackenbach
Michael Mackenbach
Estate Properties
(424) 373-6410
53 Total Sales
1 in Bluff Heights
$1,045,600 Price
-
Kimiah Wyer
Kimiah Wyer
Keller Williams Realty
(562) 247-4034
48 Total Sales
2 in Bluff Heights
$434,000 Price Range
-
Cassidy Tutt
Cassidy Tutt
WGroup Realtors
(562) 553-8110
44 Total Sales
1 in Bluff Heights
$460,000 Price
-
Minerva Corral
Minerva Corral
CORRAL INVESTMENTS & REALTY
(626) 247-3609
28 Total Sales
3 in Bluff Heights
$530K - $575K Price Range
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/16/2026 07/16/26 | Sold | $1,500,000 | -9.1% | $258 / Sq Ft |
| 06/16/2026 06/16/26 | Pending | -- | -- | -- |
| 06/12/2026 06/12/26 | Price Changed | $1,650,000 | -17.1% | $283 / Sq Ft |
| 05/30/2026 05/30/26 | For Sale | $1,990,000 | -- | $342 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Agents Affiliated with this Home
-
Ikumi Baker
Seller's Agent in 2026
Ikumi Baker
Remco - A. R. E. & Mgmt. Co.
(562) 310-0490
2 in this area
26 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW26116533
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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