Appraised at $3.55M in 2024! Don’t miss this exceptional 10-unit multifamily investment opportunity in the heart of Long Beach. This fully renovated property boasts a 100% occupancy rate and offers a diverse unit mix: (1) x 3 Bed, 2 Bath + Yard, (2) x 2 Bed, 1 Bath, (7) x 1 Bed, 1 Bath. All units were remodeled in 2019, featuring stainless steel appliances, laminate and tile flooring, and modern finishes throughout. The property offers a total of 7,876 sq ft and 5 car garages. Located in a desirable area of Long Beach with easy access to local shops, dining, and the beach, this turnkey property is perfect for investors seeking immediate cash flow and long-term growth. Whether you're a seasoned investor or new to multifamily properties, this property offers both stability and potential.
For sale
Listing Provided by:
Marina Morse DRE #02195871 888-584-9427,
eXp Realty of California, Inc.,
Dane Crosby DRE #02055293 619-595-1757,
eXp Realty of California, Inc.
Price cut: $490K (3/21)
$3,200,000
1828 E 5th St, Long Beach, CA 90802
--beds
--baths
7,876sqft
Est.:
Multi Family
Built in 1953
-- sqft lot
$3,071,100 Zestimate®
$406/sqft
$-- HOA
What's special
Modern finishesStainless steel appliancesLaminate and tile flooring
- 54 days
- on Zillow |
- 85 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: April 03, 2025 at 01:28pm
Listing Provided by:
Marina Morse DRE #02195871 888-584-9427,
eXp Realty of California, Inc.,
Dane Crosby DRE #02055293 619-595-1757,
eXp Realty of California, Inc.
Source: CRMLS,MLS#: PTP2501516
Originating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Appliances
- Laundry: Common Area
Features
- Has fireplace: No
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 7,876
- Total interior livable area: 7,876 sqft
Video & virtual tour
Property
Parking
- Total spaces: 5
- Parking features: Garage
- Garage spaces: 5
Features
- Entry location: front
- Pool features: None
Lot
- Size: 8,683 Square Feet
- Features: 6-10 Units/Acre
Details
- Parcel number: 7266026026
- Zoning: LBR1N
- Special conditions: Probate Listing
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1953
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Community
- Features: Biking, Sidewalks, Urban
Location
- Region: Long Beach
Financial & listing details
- Price per square foot: $406/sqft
- Date on market: 2/28/2025
- Listing terms: Cash,Conventional,1031 Exchange
- Total actual rent: 211000
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