531 W 5th St Long Beach, CA 90802
West Village NeighborhoodEstimated payment $8,912/month
Highlights
- 0.17 Acre Lot
- No HOA
- Formal Entry
- Main Floor Bedroom
- Living Room
- Family Room
About This Home
LIVE IN ONE AND RENT THE OTHER 6
531 W 5th St presents a unique opportunity for a buyer seeking the space, privacy, and flexibility of a single-family residence with the added benefit of substantial rental income. The property features a vacant 3-bedroom/1-bath front home with a full kitchen, dedicated dining area, Ring camera, and mini-split system, offering the feel and functionality of a standalone residence while the additional units generate income to help offset ownership costs. Beyond the main home, the property includes six additional rental units and a vacant 5-car garage, creating exceptional flexibility for an owner-occupant. The garage provides ample parking and storage, with the potential to generate additional income or be incorporated into the property's future development plans. For a homeowner, 531 W 5th St offers a rare chance to enjoy a private 3-bedroom residence while benefiting from multiple additional income streams. For extended families, multigenerational households, or buyers looking for additional space and flexibility, the property's existing layout and development potential create numerous possibilities rarely available in the Long Beach market. Ideally located just minutes from Downtown Long Beach, the property provides convenient access to the area's renowned restaurants, bars, shopping, entertainment, waterfront, and major transportation corridors. With a private residence, significant parking, established rental income, and approved plans for future expansion, 531 W 5th St offers the opportunity to own a home while letting the property work for you.
Listing Agent
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-729-1559 License #02100737 Listed on: 08/25/2026
Home Details
Home Type
- Single Family
Year Built
- Built in 1923
Lot Details
- 7,518 Sq Ft Lot
- Density is up to 1 Unit/Acre
Parking
- 4 Car Garage
Home Design
- Entry on the 1st floor
Interior Spaces
- 3,344 Sq Ft Home
- 1-Story Property
- Formal Entry
- Family Room
- Living Room
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 1 Full Bathroom
Location
- Urban Location
- Suburban Location
Utilities
- Cooling System Mounted To A Wall/Window
Community Details
- No Home Owners Association
- Alamitos Beach Subdivision
Listing and Financial Details
- Legal Lot and Block 22 / 145
- Tax Tract Number 1111
- Assessor Parcel Number 7278021039
- $1,519 per year additional tax assessments
Map
Home Values in the Area
Average Home Value in this Area
Tax 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.
| 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 |
|---|---|---|---|---|
| 2026 | $14,140 | $1,014,390 | $702,270 | $312,120 |
| 2025 | $14,140 | $994,500 | $688,500 | $306,000 |
| 2024 | $2,279 | $77,572 | $43,230 | $34,342 |
| 2023 | $2,226 | $76,052 | $42,383 | $33,669 |
| 2022 | $2,124 | $74,561 | $41,552 | $33,009 |
| 2021 | $2,045 | $73,100 | $40,738 | $32,362 |
| 2020 | $2,040 | $72,712 | $40,321 | $32,391 |
| 2019 | $2,017 | $71,294 | $39,531 | $31,763 |
| 2018 | $1,853 | $69,904 | $38,756 | $31,148 |
| 2016 | $1,711 | $66,846 | $37,252 | $29,594 |
| 2015 | $1,666 | $65,843 | $36,693 | $29,150 |
| 2014 | $1,700 | $64,554 | $35,975 | $28,579 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 08/25/2026 08/25/26 | For Sale | $1,395,000 | +43.1% | $417 / Sq Ft | |
| 03/21/2024 03/21/24 | Sold | $975,000 | -22.0% | $292 / Sq Ft | View Prior Sale |
| 02/12/2024 02/12/24 | Pending | -- | -- | -- | |
| 02/07/2024 02/07/24 | For Sale | $1,250,000 | -- | $374 / Sq Ft |
Purchase 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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $975,000 | Fidelity National Title | |
| Gift Deed | -- | -- | |
| Gift Deed | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB26186346
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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