$1,650,000
-$340,0003121 E 5th 5, Long Beach CA 90814
Multi-Family (5 Units)
Property type
16 days
On market
$283
Price per sqft
4 cars
Garage
1930
Year built
6,753 sqft
Lot size
Home highlights
Open Houses
Overview
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,...
Listing provided by: Ikumi Baker DRE #00879343 562-310-0490, Remco - A. R. E. & Mgmt. Co.
Listing updated: Jun 12, 2026 at 10:54pm.
Last checked: Jun 12, 2026 at 11:30pm
Source: CRMLS #PW26116533
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 2 | 2 | 1 | — | $1,700 | $1,700 | $2,575 | Unfurnished |
| 1 | 2 | 1 | — | $1,950 | $1,950 | $2,575 | Unfurnished |
| 1 | 2 | 1 | — | $2,250 | $2,250 | $2,575 | Unfurnished |
| 1 | 2 | 1 | — | $2,575 | $2,575 | $2,575 | Unfurnished |
| 1 | 2 | 1 | — | $1,700 | $1,700 | $2,400 | Unfurnished |
# of Buildings: 2
# of Units Total: 5
Separate Electric Meters: 6
Separate Gas Meters: 6
Separate Water Meters: 1
Rent Control: Yes
Units Leased: 4
Total Actual Rent: $122,100
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
13.5x
List Price / Annual Gross Rent
Cap Rate
5.78%
NOI / List Price
Gross Scheduled Income: $122,300
Vacancy Allowance Rate: 100%
Operating Expense: $25,511
Net Operating Income: $95,368
Annual Operating Expenses
Electric: $1,056
Fuel: $0
Insurance: $6,514
Licenses: $1,000
Maintenance: $5,000
New Taxes: $3,281
Professional Management: $5,760
Trash: $1,500
Water / Sewer: $2,400
Interior
Interior Features: Laminate Counters, Unfurnished
Room Type: Kitchen, Living Room
Flooring: Laminate, Wood
Cooling: None
Heating: Natural Gas
Appliances: Water Heater
Fireplace: None
Laundry: Common Area
Accessibility: None
Entry Location: Ground
Exterior
Architectural Style: Mediterranean
Property Attached: Yes
Stories Total: 2
Levels: Two
Roof: Flat
Construction Materials: Stucco
Common Walls: Two Common Walls Or More
Direction Faces: South
Security Features: Carbon Monoxide Detectors, Smoke Detectors
Lot Features: Paved
Pool: None
Spa: None
Water Source: Public
Sewer: Public Sewer, Sewer Tap Paid
Electric: Electricity On Property, Standard
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View: None
Road Frontage Type: City Street
Road Surface Type: Paved
Garage and Parking
Parking: Door Single, Driveway, Garage
Garage Spaces: 4
Uncovered Spaces: 1
Parking Total: 5
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 7257006027
Additional Parcels: No
Tax Lot: 22
Zoning: LBR2N
Tax Block: G
Lot Size Dimensions: 50x135
Lot Dimensions Source: Assessor
Subdivision: Bluff Park (BLF)
Community
HOA: No
HOA Fee: $0
HOA Amenities: Water
Senior Community: No
Community Features: Biking, Street Lights, Sidewalks
Nearby Schools
Nearby schools around the 3121 E 5th 5, Long Beach, CA 90814. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,320,000
Total Interest
$1,683,587
Total Payment
$3,003,587
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$10,212
per month
Property History for 3121 E 5th 5
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90814.
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