334 W 5th Street
Long Beach, CA 90802
- 4 beds
- – baths
- 2,688 sqft
- 2,001 sqft lot
- $390 per sqft
- 1923 build
- – on site
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.
Last checked:
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Last updated Mar 27, 2025
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MLS# CRSB25062688 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1923
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Building Area Units:Square Feet
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Other Equipment:Other
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Building Area Total:2688
Interior
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Flooring:Laminate
Room Dimensions
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Living Area:2688
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Living Area Units:Square Feet
Location
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Directions:SouthWest corner of 5th and Chestnut Ave
The Property
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Property Type:Residential Income
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Property Subtype:Quadruplex
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Parcel Number:7280011005
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Zoning:LBPD
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Lot Features:Other
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Lot Size Area:0.05
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Lot Size Acres:0.05
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Lot Size SqFt:2001
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Lot Size Units:Acres
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View:None
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View:false
Listing Agent
- Contact info:
- Agent phone:
- (310) 982-7055
Taxes
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Tax Tract:5759.02
Beds
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Bedrooms Total:4
The Listing
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Listing Terms:Other
Heating & Cooling
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Heating:Wall Furnace
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Heating:true
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Cooling:No Air Conditioning
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Cooling:true
Utilities
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Utilities:Sewer Connected
Appliances
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Laundry Features:No Hookups
The Community
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Association:false
Parking
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Garage:false
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Attached Garage:false
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Carport:false
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Parking Features:None
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/27/25
Mar 27, 2025
|
Listed / Active | BRIDGE | $1,050,000 | 50.0% (6.3% / YR) |
|
4/28/17
Apr 28, 2017
|
CRMLS_CA | $700,000 |
