About 3121 E 5th # 5
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.
Features of 3121 E 5th # 5
| MLS® # | PW26116533 |
|---|---|
| Price | $1,650,000 |
| Sold Price | $1,500,000 |
| Bedrooms | 10 |
| Bathrooms | 5.00 |
| Lot Sqft | 6,753 |
| Acres | 0.16 |
| Year Built | 1930 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Style | Mediterranean |
| Status | Closed |
| # Of Units | 5 |
Community Information
| Address | 3121 E 5th # 5 |
|---|---|
| Area | 2 - Belmont Heights, Alamitos Heights |
| Subdivision | Bluff Park (BLF) |
| City | Long Beach |
| County | Los Angeles |
| Zip Code | 90814 |
Amenities
| Amenities | Water |
|---|---|
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| Parking Spaces | 5 |
| Parking | Driveway, Garage, Door-Single |
| # of Garages | 4 |
| Garages | Driveway, Garage, Door-Single |
| View | None |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Interior | Laminate, Wood |
|---|---|
| Interior Features | Laminate Counters, Unfurnished |
| Appliances | Water Heater |
| Heating | Natural Gas |
| Cooling | None |
| Has Basement | No |
| Fireplace | No |
| Fireplaces | None |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Exterior | Stucco |
|---|---|
| Lot Description | Paved |
| Roof | Flat |
| Construction | Stucco |
Additional Information
| Date Listed | May 28th, 2026 |
|---|---|
| Date Sold | July 16th, 2026 |
| Days on Market | 17 |
| Zoning | LBR2N |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Ikumi Baker |
|---|---|
| Office | Remco - A. R. E. & Mgmt. Co. |