1050 E 5th, Long Beach, CA 90802
- $1,560,000
- Sold Price
- $1,560,000
- List Price
- $1,650,000
- Closing Date
- Jul 14, 2026
- Status
- CLOSED
- MLS#
- PW26075600
- Year Built
- 2013
- Lot Size
- 8,968
- Acres
- 0.21
- Lot Location
- 2-5 Units/Acre
- Days on Market
- 44
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
- Neighborhood
- Alamitos Beach (Ab)
Property Description
Located at 1050 E 5th St in Long Beach, this rebuilt triplex offers a rare opportunity for both investors and owner-users seeking a turnkey income property in a prime coastal market. The property has undergone a renovation, delivering modern finishes, updated systems, and low-maintenance living across all three units. Each unit features a private entrance, functional layouts, and bright, contemporary interiors designed to attract quality tenants. Ideal for owner-user with a 5 bed/3.75 bath house which can be delivered vacant. One unit can be lived in while generating strong rental income from the others—helping offset mortgage costs. The property also offers on-site parking and a clean, updated exterior, enhancing curb appeal and long-term value. Conveniently located near downtown Long Beach, residents enjoy easy access to restaurants, shopping, transportation, and the beach. With strong rental demand and no immediate capital improvements needed, this is a true turnkey opportunity in a high-demand area.
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Additional Information
- Pool Description
- None
- Heat
- Central
- Garage Spaces Total
- 6
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 3
- Gross Scheduled Income
- $133,080
- Operating Expense
- 39507
Listing courtesy of Listing Agent: Robert Stepp (rstepp@steppcommercial.com) from Listing Office: Keller Williams Realty Downey.
Listing sold by Reilly Beezer from First Team Real Estate
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.