Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Long Beach Multifamily Near Beach Title is generated by Realmo AI

    3121 E 5th, Long Beach, CA 90814

    View on Map
    Claim this Listing
    New
    For Sale
    $1,990,000

    Mediterranean, Apartment - Long Beach, CA

    Type:Apartment
    Property size:
    5,822 SF
    Lot size:
    6,753.00 Acres
    Price / SF:
    $341/SF
    Added:
    May 30, 2026
    Days on Market:
    1
    Last Refresh:
    May 30 at 7:06 pm

    Property Features for 3121 E 5th

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Zoning
    LBR2N
    Bedrooms
    10
    Bathrooms
    5
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Living Room
    Parking
    5
    Parking features
    Driveway, Garage
    Interior features
    Laminate Counters, Unfurnished, None, Carbon Monoxide Detector(s)
    Exterior features
    Community Features Included: Biking, Street Lights, Sidewalks, Paved
    Standard status
    Active
    APN
    7257006027
    Size
    5,822 SF
    Lot size
    6,753.00 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    None (Cooling)

    Building Details

    Year built
    1930
    Floors in Building
    2
    Number of units
    5
    Flooring type
    Laminate, Wood
    Building materials
    Stucco
    Roof type
    Flat
    Architectural style
    Mediterranean

    We can help!

    Listing Contact
    Ikumi Baker
    Ikumi Baker

    Listing agent Ikumi Baker License #00879343

    Listing office Remco - A. R. E. & Mgmt. Co. 2020 Cherry Ave, Signal Hill, CA

    Listing date May 30, 2026

    MLS# PW26116533 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Enjoy being just 5 blocks from Belmont Shore Beach.
    • Multi‑unit property featuring 5 units (4 are 2BR/1BA 1242 sqft + 1 is 2BR/1BA 854 sqft).
    • Includes 4 single‑car garages.
    • Located in a popular rental residential area.
    • Units feature wood floors and upgraded bathrooms.
    • Mediterranean architectural style.

    Overview

    Located five blocks from Belmont Shore Beach in a popular residential rental area, this property features five units and four single-car garages. The building includes four units, each with two bedrooms and one bathroom, spanning 1242 square feet. Additionally, there is one 854-square-foot unit with two bedrooms and one bathroom situated above the garages. The property has an open driveway and a common area laundry room. Units feature a dining room, wood floors, and a spacious upgraded bathroom. The property is zoned LBR2N and has a lot size of 0.155 acres. The building size is 5822 square feet.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $213.1k $36.60
    − Vacancy −$10.7k −$1.83
    EGI $202.4k $34.77
    − OpEx −$91.1k −$15.65
    NOI $111.3k $19.12
    5,822 SF · lease $36.60/SF/yr · vacancy 5.00% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $1.59M
    $1.39M – $1.86M (±1% cap)
    NOI $111,337 @ 7.0% cap · market cap 5.59%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $3.12M
    $2.73M – $3.64M (±1% cap)
    NOI $218,195 @ 7.0% cap · market cap 10.96%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Long Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.1550952
    Latitude
    33.7728793

    Nearby Similar for Sale

    • $899,000
      2,557 SF

      Long Beach Multi-Unit Commercial Property

      Thriving commercial property with versatile spaces and strong investment potential.
      702 CEDAR Ave, LONG BEACH, CA 90813
      View Details
    • $899,000
      3,960 SF

      Long Beach Commercial Owner-User Opportunity

      Versatile light-industrial property in a desirable Long Beach location.
      2109 W Gaylord Street, Long Beach, CA 90813
      View Details
    • $1,895,000
      10,000 SF

      Two-Story Storefront Building in Long Beach

      Large commercial building near Pine Avenue and East Village Arts District.
      129 W 5th Street, Long Beach, CA 90802
      View Details
    • $1,400,000
      5,050 SF

      Long Beach Commercial Asset For Sale

      Commercial property in Long Beach with high traffic and redevelopment potential.
      1810 E Anaheim, Long Beach, CA 90813
      View Details
    • $1,850,000
      6,494 SF

      Long Beach Eight-Unit Apartment Building

      Eight-unit apartment building in Long Beach with income potential.
      833 Cedar, Long Beach, CA 90813
      View Details
    • $2,398,500
      2,886 SF

      Alamitos Bay Mid-Century Modern Duplex

      Beachside duplex near Alamitos Bay with mid-century modern design.
      64 59th Place, Long Beach, CA 90803
      View Details
    • $2,000,000
      3,613 SF

      Updated Spanish-Style Quadplex in Rose Park

      Turnkey Long Beach quadplex with strong income potential.
      813 Coronado Ave, Long Beach, CA 90804
      View Details
    • $5,000,000
      7,226 SF

      Long Beach Car Wash Opportunity

      Entitled car wash with development potential near Metro Blue Line.
      1801 Long Beach, Long Beach, CA 90806
      View Details
    • $895,000
      2,304 SF

      Spacious Duplex in Dynamic Long Beach

      Large duplex with updated interiors, impressive rental potential.
      643 Elm Avenue, Long Beach, CA 90802
      View Details
    • $1,100,000
      2,040 SF

      Prime Retail Space in Long Beach

      Versatile retail/office space with high visibility in Long Beach.
      1598 Long Beach Boulevard, Long Beach, CA 90813
      View Details
    • $1,200,000
      750 SF

      Long Beach Commercial Opportunity

      Commercial property with drive-thru, parking, and patio in Long Beach.
      2941 E Artesia, Long Beach, CA 90805
      View Details
    • $1,849,000
      2,548 SF

      Remodeled Duplex in Lakewood Village

      Multi-generational property with remodeled main house and new ADU.
      4705 Whitewood, Long Beach, CA 90808
      View Details

    FAQs

    What type of property is this?
    Apartment building - Multifamily property near Belmont Shore Beach with five units.
    Where is this apartment building located?
    The property is located at 3121 E 5th Long Beach, CA.
    What is the asking price?
    The asking price for this property is $1,990,000.
    What are key features of this property?
    This property features: Enjoy being just 5 blocks from Belmont Shore Beach.; Multi‑unit property featuring 5 units (4 are 2BR/1BA 1242 sqft + 1 is 2BR/1BA 854 sqft).; Includes 4 single‑car garages.
    (562) 310-0490
    We can help!
    Listing Contact
    Ikumi Baker
    Ikumi Baker
    Real Estate License ID: 00879343
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3121 E 5th, Long Beach, CA 90814
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!