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$1,500,000

  • Sold
  • Closed
  • Multi-Family
  • Updated 3 days ago
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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.

Full Property Details for 3121 E 5th

General

  • Sold For: $1,500,000
  • Status: Closed
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: PW26116533
  • Added to Site: 58 day(s) ago

Interior

  • Rooms/Areas: Kitchen, Living Room
  • Interior Features: Laminate Counters, Unfurnished
  • Fireplace(s): None
  • Appliances: Water Heater
  • Flooring: Wood, Laminate

Rooms

Other Rooms

  • Laundry: Common Area

Additional Information

  • Shared Amenities: Water, Sewer
  • Pool Description: None
  • Spa Description: None

Parking

  • Garage Spaces: 4
  • Parking Features: Garage, Garage (Single Door), Driveway
  • Parking: Garage, Garage (Single Door), Driveway

Location

  • Area: 2 - Belmont Heights, Alamitos Heights
  • County: Los Angeles
  • Development Name: 2 - Belmont Heights, Alamitos Heights
  • Driving Directions: Obispo and 5th
  • Direction Faces: South

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Natural Gas

Utilities

  • Sewer: Sewer Paid, Public Sewer
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 6
  • # Electric Meters: 6

Structural Information

  • Architectural Style: Mediterranean
  • Roof: Flat
  • Entry Location: Ground
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 5,822
  • Year Built: 1930

Unit Information

Unit 1

  • Number of Units: 2
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 4

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 5

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Lot Features

  • Property View: None
  • Lot Size (Acres): 0.155
  • Lot Size Source: Assessor
  • Lot Dimensions: 50 x 135
  • Zoning: LBR2N
  • Lot Description: Paved

Financial Considerations

  • Price Per Sq. Ft.: $257.64
  • Price Per Unit: 330000

Listed and Sold by Remco - A. R. E. & Mgmt. Co., Ikumi Baker

Listing agent

— 3121 E 5th —

  • Ikumi Baker

    Remco - A. R. E. & Mgmt. Co.

562-310-0490

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 3121 E 5th

School District:Long Beach Unified School District
NameGradesDistance
Mann Elementary School
257 Coronado Avenue, Long Beach, CA 90803
K-50.4 mi
Jefferson Leadership Academies School
750 Euclid Avenue, Long Beach, CA 90804
6-80.4 mi
Wilson High School
4400 East 10th Street, Long Beach, CA 90804
9-120.9 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 3121 E 5th

Date
Details
Price
Change
Source
7/16/2026
Sold
$1,500,000
-9.09%
MLS
6/12/2026
Price Reduced
$1,650,000
-17.09%
MLS
5/30/2026
Listed
$1,990,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed and Sold by Remco - A. R. E. & Mgmt. Co., Ikumi Baker

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3121 E 5th, Long Beach, CA 90814 (MLS# PW26116533) is a Multi-Family property that was sold at $1,500,000 on July 16, 2026. Want to learn more about 3121 E 5th? Do you have questions about finding other Multi-Family real estate for sale in Long Beach? You can browse all Long Beach real estate or contact a Coldwell Banker agent to request more information.