Property Details
About this Property
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.
MLS Listing Information
MLS #
CRSB25062688
MLS Source
California Regional MLS
Interior Features
Appliances
Oven Range - Gas
Flooring
Laminate
Laundry
None
Cooling
None
Heating
Wall Furnace
Exterior Features
Foundation
Raised
Pool
None
Parking, School, and Other Information
Garage/Parking
No Parking, Garage: 0 Car(s)
Contact Information
Listing Agent
Anthony Walker
Buckingham Investments, Inc
License #: 01908153
Phone: (310) 982-7055
Co-Listing Agent
Josh Ess
Buckingham Investments, Inc
License #: 02035659
Phone: (310) 982-7055
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 4 | 4 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
334 W 5th St is a Residential Income in Long Beach, CA 90802. This – square foot property sits on a 2,001 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,050,000 and was built in 1923. This address can also be written as 334 W 5th St, Long Beach, CA 90802.
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This listing information is up-to-date as of August 15, 2025. For the most current information, please contact Anthony Walker, (310) 982-7055
