3121 E 5th Unit 5, Long Beach, CA 90814
- $1,500,000
Listing courtesy of Listing Agent: Ikumi Baker (ikumi@REMCOrealestate.net) from Listing Office: Remco - A. R. E. & Mgmt. Co..
Selling Office: Remco - A. R. E. & Mgmt. Co..- Sold Price
- $1,500,000
- List Price
- $1,650,000
- Status
- CLOSED
- Days on Market
- 12
- Closing Date
- Jul 16, 2026
- MLS#
- PW26116533
- Subtype
- Residential Income
- Style
- Mediterranean
- Year Built
- 1930
- Lot Size
- 6,753
- Acres
- 0.16
- Subdivision
- Bluff Park (Blf)
- Neighborhood
- Bluff Park (Blf)
- MLS Area Major
- Belmont Heights, Alamitos Heights (2)
Property Description
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.
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Additional Information
- Interior Features
- Laminate Counters, Unfurnished
- Property Description
- Mediterranean
- Zoning
- LBR2N
- Flooring
- Laminate, Wood
- Appliances
- Water Heater
- Heating
- Natural Gas
- Exterior Construction
- Stucco
- Stories
- Two Levels
- Levels
- Two
- Roof
- Flat
- Pool Type
- None
- Parking Features
- Door-Single, Driveway, Garage
- Garage Spaces
- 4
- View
- None
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.