$5,390,000
$1M PRICE DROP

4244 E 5th St Long Beach, CA 90814

Belmont Heights Neighborhood

Estimated payment $33,435/month

Total Views 10,114
20 Beds
22 Baths
10,438 Sq Ft
$516 Price per Sq Ft

Highlights

  • 0.3 Acre Lot
  • Contemporary Architecture
  • Fireplace
  • Fremont Elementary School Rated A
  • 9 Car Garage
  • Garden Windows

About This Home

This investment property is located in the coastal community of Belmont Heights, one the city's most desirable locations minutes to the beach and proximate to Belmont Shore and Naples Island. An aesthetic pride-of-ownership asset with attractive landscaping and street surroundings. All units have been upgraded with built-in stoves, microwaves and refrigerators. All units have fireplaces except the two singles. Parking consists of 9 garages and 16 spaces. The building has all-copper plumbing, new electric panels, a new security-camera system, and a recently painted exterior. The entry courtyard has just been refurbished. PRICE REDUCED, with a 6.06 cap rate.

Listing Agent

Albert Morell

WRE SoCal, Inc. License #00466538 Listed on: 09/10/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 100x130
  • Sprinkler System

Parking

  • 9 Car Garage
  • 16 Open Parking Spaces

Home Design

  • Contemporary Architecture

Interior Spaces

  • 10,438 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Fireplace
  • Awning
  • Drapes & Rods
  • Garden Windows
  • Laundry Room

Kitchen

  • Electric Oven
  • Gas and Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 22 Bathrooms

Home Security

  • Security Lights
  • Fire and Smoke Detector

Outdoor Features

  • Open Patio

Utilities

  • Air Conditioning
  • Heating System Mounted To A Wall or Window
  • Gas Water Heater
  • Sewer in Street

Community Details

  • 16 Units
  • Resident Manager or Management On Site

Listing and Financial Details

  • The owner pays for gardener, water
  • Assessor Parcel Number 7255-037-027

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Parking

9

Listing Details

  • Property Type: Residential Income
  • Style: Contemporary Mediterranean
  • Levels: Two
  • Street Number Display: Yes
  • Entry Location: Ground Level - no steps
  • Living Area: 10438
  • Lot Acreage: 0.3004
  • Lot Dimensions: 100x130
  • Probate: No
  • Stories: 2
  • Year Built: 1972
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Dishwasher: 16
  • Number Disposal: 16
  • Appliances: Free Standing Electric, Gas/Electric Range, Oven-Electric, Microwave
  • Bedrooms: 20
  • Laundry: Laundry Area
  • Laundry Equipment: Own
  • Total Bathrooms: 22.00
  • Equipment: Dishwasher, Microwave, Ceiling Fan, Garbage Disposal
  • Price Per S Q F T: 516.38
  • Windows: Awning, Drapes/Curtains, Garden Window

Exterior Features

  • Other Structures: None
  • Patio: Patio Open
  • Pool: No
  • Spa Yn: No

Garage/Parking

  • Garage Spaces: 9
  • Other Spaces: 16
  • Covered Parking: 9
  • Garage Structures: 9
  • Number Rented Garages: 9
  • Parking Garage: Parking Space, Garage Is Detached, Garage - 1 Car
  • Total Parking: 25

Utilities

  • Water Heater: Gas, Water Heater Unit
  • Cooling: Electric, Ceiling Fan, Air Conditioning
  • Heating: Wall Electric, Fireplace
  • Number Electric Meters: 16
  • Number Gas Meters: 16
  • Number Water Meters: 1
  • Security: Exterior Security Lights, Resident Manager, Smoke Detector
  • Sewer: In Street
  • Water Heaters: Yes

Lot Info

  • Sprinklers: Sprinkler System
  • Assessed Improvement Percent: 52.61
  • Assessed Improvement Value: 853017
  • Assessed Land Percent: 47.39
  • Assessed Land Value: 768484
  • Total Assessed Value: 1621501
  • Assessor Parcel Number: 7255-037-027
  • Lot Size Area: 13086

Rental Info

  • Owner Pays: Gardener, Water
  • Rent Control: No
  • Tenant Pays: Electricity, Gas, Cable TV, Move In Fee

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 12.00
  • Number Of Units: 16
  • Type Of Units: Apartments

Map

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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
01/23/2026 01/23/26 Price Changed $5,390,000 -0.1% $516 / Sq Ft
01/23/2026 01/23/26 Price Changed $5,395,000 -1.9% $517 / Sq Ft
11/11/2025 11/11/25 Price Changed $5,500,000 -8.3% $527 / Sq Ft
10/14/2025 10/14/25 Price Changed $5,995,000 -7.8% $574 / Sq Ft
09/10/2025 09/10/25 For Sale $6,500,000 -- $623 / Sq Ft
Source: The MLS

Source: The MLS

MLS Number: 25592845

The MLS
California Los Angeles County Long Beach 90814 Belmont Heights

4244 E 5th St, Long Beach, CA

For Sale

MultiFamily

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Listing Agent
Albert Morell
Section Image
WRE SoCal, Inc.
(562) 203-0306