334 W 5th Street, Long Beach, CA 90802 (MLS # SB25062688)

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PRICE $1,050,000 dsIDX morgage calculator
BEDS n/a
BATHS 0
HOME SIZE 2,688 sqft
LOT SIZE 2,000 sqft
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Perfect 4 unit investment property right in the heart of Downtown Long Beach, benefitting from over $8 billion in new and ongoing development. The property features four 1 bed/1 bath units in 2688 square feet on a 2001 square foot lot. Well priced on actual income at 13.3X GRM with a 9% upside in rents to a market GRM of 12. Nicely remodeled interiors that offer modern finishes while maintaining the period character of the building. Simple low expense property separately metered for gas and electric. Well maintained, professionally managed Asset in a dense, high demand rental market. Attractive entry price and low price per door for a 4 unit property, offering 30 year fixed financing. The property is only 2 blocks to the massive civic center redevelopment, 2 blocks to historic Pine Avenue, and 5 blocks to Ocean Blvd. The Metro Blue Line station is only one block away for excellent transit access. Per Costar, 65% of households within a 5 mile radius are renters with an average household income of over $93,000.

DAYS ON MARKET 22 LAST UPDATED 3/27/2025
TRACT Downtown (DT) YEAR BUILT 1923
COMMUNITY Downtown Area, Alamitos Beach COUNTY Los Angeles
STATUS Active PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR None
APPLIANCES Gas Range
AREA Downtown Area, Alamitos Beach
GARAGE None
HEAT Wall Furnace
INTERIOR Built-in Features
LOT 2001 sq ft
LOT DESCRIPTION Rectangular Lot
PARKING None
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 2
SUBDIVISION Downtown (DT)
UTILITIES Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected, Electric: Standard
VIEW DESCRIPTION None
WATER Public
ZONING LBPD10
MORTGAGE CALCULATOR
   

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Listed with Buckingham Investments, Inc

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 4/17/25 4:15 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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