$1,990,000
3121 E 5th 5, Long Beach CA 90814
Multi-Family (5 Units)
Property type
6 days
On market
$342
Price per sqft
4 cars
Garage
1930
Year built
6,753 sqft
Lot size
Home highlights
Open Houses
Overview
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...
Listing provided by: Ikumi Baker DRE #00879343 562-310-0490, Remco - A. R. E. & Mgmt. Co.
Listing updated: Jun 3, 2026 at 05:44pm.
Last checked: Jun 3, 2026 at 06:00pm
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
16.3x
List Price / Annual Gross Rent
Cap Rate
4.8%
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
$1,592,000
Total Interest
$2,030,508
Total Payment
$3,622,508
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$12,285
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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