334 W 5th St Long Beach, CA 90802
West Village NeighborhoodEstimated payment $6,667/month
Total Views
4,127
4
Beds
4
Baths
2,688
Sq Ft
$391
Price per Sq Ft
Highlights
- 0.05 Acre Lot
- 3-minute walk to Pacific Station
- Wall Furnace
- Built-In Features
- Rectangular Lot
- Northeast Facing Home
About This Home
Perfect 4 unit investment property right in the heart of Downtown Long Beach, benefitting from over $8 billion in new and ongoing development. The property features four 1 bed/1 bath units in 2688 square feet on a 2001 square foot lot. Well priced on actual income at 13.3X GRM with a 9% upside in rents to a market GRM of 12. Nicely remodeled interiors that offer modern finishes while maintaining the period character of the building. Simple low expense property separately metered for gas and electric. Well maintained, professionally managed Asset in a dense, high demand rental market. Attractive entry price and low price per door for a 4 unit property, offering 30 year fixed financing. The property is only 2 blocks to the massive civic center redevelopment, 2 blocks to historic Pine Avenue, and 5 blocks to Ocean Blvd. The Metro Blue Line station is only one block away for excellent transit access. Per Costar, 65% of households within a 5 mile radius are renters with an average household income of over $93,000.
Listing Agent
Buckingham Investments, Inc Brokerage Phone: 310-561-4776 License #01908153 Listed on: 03/27/2025
Co-Listing Agent
Buckingham Investments, Inc Brokerage Phone: 310-561-4776 License #02035659
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,420
Year Built
- Built in 1923
Lot Details
- 2,001 Sq Ft Lot
- Two or More Common Walls
- Northeast Facing Home
- Rectangular Lot
Home Design
- Quadruplex
- Raised Foundation
Interior Spaces
- 2,688 Sq Ft Home
- 2-Story Property
- Built-In Features
- Laminate Flooring
- Gas Range
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Location
- Urban Location
Utilities
- Wall Furnace
- Natural Gas Connected
Listing and Financial Details
- Legal Lot and Block 4 / 62
- Tax Tract Number 575
- Assessor Parcel Number 7280011005
- $725 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- 4 Units
- Downtown Subdivision
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Fuel Expense $581
- Gardener Expense $810
- Insurance Expense $4,704
- Maintenance Expense $3,751
- Pest Control $1,200
- Professional Management Expense $3,751
- Trash Expense $581
- Water Sewer Expense $581
- New Taxes Expense $13,125
- Operating Expense $29,583
- Gross Income $78,960
- Net Operating Income $45,429
Map
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
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 | $10,420 | $795,227 | $557,078 | $238,149 |
| 2024 | $10,420 | $779,635 | $546,155 | $233,480 |
| 2023 | $10,240 | $764,349 | $535,447 | $228,902 |
| 2022 | $9,615 | $749,363 | $524,949 | $224,414 |
| 2021 | $11,313 | $894,168 | $580,957 | $313,211 |
| 2020 | $9,388 | $727,438 | $509,379 | $218,059 |
| 2019 | $9,278 | $713,182 | $499,392 | $213,790 |
| 2018 | $9,046 | $699,204 | $489,600 | $209,604 |
| 2016 | $2,333 | $153,926 | $49,646 | $104,280 |
| 2015 | $2,252 | $151,615 | $48,901 | $102,714 |
| 2014 | $2,258 | $148,646 | $47,944 | $100,702 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/28/2025 04/28/25 | Pending | -- | -- | -- |
| 03/27/2025 03/27/25 | For Sale | $1,050,000 | +50.0% | $391 / Sq Ft |
| 04/28/2017 04/28/17 | Sold | $700,000 | 0.0% | $260 / Sq Ft |
| 03/26/2017 03/26/17 | Pending | -- | -- | -- |
| 03/11/2017 03/11/17 | For Sale | $699,999 | -- | $260 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Stewart Title Of California | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $685,500 | Nations Title Company Of Ca | |
| Interfamily Deed Transfer | -- | Fidelity National Title Co | |
| Interfamily Deed Transfer | -- | Fidelity National Title Co | |
| Grant Deed | $108,500 | Investors Title Company | |
| Trustee Deed | $194,797 | Investors Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $679,000 | New Conventional | |
| Closed | $605,000 | New Conventional | |
| Closed | $513,750 | New Conventional | |
| Previous Owner | $260,000 | Unknown | |
| Previous Owner | $108,500 | Stand Alone First | |
| Previous Owner | $86,800 | Seller Take Back |
Source: Public Records
Similar Homes in Long Beach, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB25062688
APN: 7280-011-005
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
Nearby Homes
- 401 W 5th St Unit 3B
- 323 W 4th St Unit 201
- 527 Cedar Ave Unit 2M
- 527 Cedar Ave Unit 2K
- 436 Cedar Ave Unit 10
- 354 Chestnut Ave Unit 33
- 354 Chestnut Ave Unit 31
- 545 Chestnut Ave Unit 207
- 545 Chestnut Ave Unit 411
- 335 Cedar Ave Unit 101
- 335 Cedar Ave Unit 110
- 335 Cedar Ave Unit 410
- 350 Cedar Ave Unit 309
- 325 Cedar Ave Unit 9
- 325 Cedar Ave Unit 7
- 327 Chestnut Ave Unit 201
- 325 W 3rd St Unit 201
- 325 W 3rd St Unit 107
- 325 W 3rd St Unit 210
- 315 W 3rd St Unit 1003