3121 E 5th, Long Beach, CA 90814

Listing agent Ikumi Baker License #00879343

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

Listing date May 28, 2026

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Remco - A. R. E. & Mgmt. Co.

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Overview

This well maintained Mediterranean 5-plex offers five 2 bedroom, 1 bathroom units. Four units are described as approximately 1,242 square feet, and the unit above detached garages is described as approximately 854 square feet. As part of the owners’ upgrades, many original ornate details are preserved, including tile work, arched openings to dining rooms, coved ceilings, and polished hardwood floors. A common area laundry room supports resident use, and Unit #3127 is noted as remaining not rented.

The property is located in a popular rental residential area and is described as just blocks to the beach. The building includes detached parking: four single car garages, with one unit located above the detached garages.

For investors or buyers seeking a small residential income property, the unit mix and maintained finishes may support straightforward tenanting of consistent 2BR/1BA layouts. The seller’s remarks indicate a current-rent snapshot of a 4.8% cap rate with one vacancy, and they cite additional rent and NOI projections based on building improvements, including potential pro-forma rent of $152,400 and NOI of $127,089. Unit #3127 presents an in-place leasing opportunity within the overall building configuration.

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

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FAQs

What type of property is this?

Apartment building - Five well-maintained units offer 2BR/1BA layouts and shared laundry, with a unit remaining unrented.

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: Mediterranean 5‑plex, just blocks to the beach, in a popular rental residential area; All units are 2BR/1BA; 4 units are 1,242 SF each, and the unit over the detached 4 single‑car garages is 854 SF; Owner‑upgraded units preserve original ornate features including tile work, arched dining room openings, coved ceilings, and polished hardwood floors