3121 E 5th St Unit 5 Long Beach, CA 90814
Bluff Heights NeighborhoodEstimated payment $10,589/month
Highlights
- Wood Flooring
- Mediterranean Architecture
- Living Room
- Woodrow Wilson High School Rated A
- No HOA
- 4 Car Garage
About This Home
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.
Listing Agent
Remco - A. R. E. & Mgmt. Co. Brokerage Phone: 562-310-0490 License #00879343 Listed on: 05/30/2026
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
- Laundry in unit
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
- 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
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 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)
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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Ask me questions while you tour the home.