1048 E 5th St

$2,350,000
Price
—
Beds
—
Baths
11,338 Sq. Ft.
$207 / Sq. Ft.
11,338
Sq. Ft.
$207
per Sq. Ft.

Description

Immediate Income Opportunity Value-add 6-unit in Long Beach with enough land for additional units + parking. Fully renovated, strong cash flow, and ready for a developers expansion plans. High upside via development or hold. Rare Long Beach opportunity: a fully stabilized 6-unit multifamily income property (5 of 6 units recently renovated, 6th unit has been updated) offered with garage parking for 5 spaces. Located near freeway access, top Long Beach dining and shopping corridors, and waterfront...Immediate Income Opportunity Value-add 6-unit in Long Beach with enough land for additional units + parking. Fully renovated, strong cash flow, and ready for a developers expansion plans. High upside via development or hold. Rare Long Beach opportunity: a fully stabilized 6-unit multifamily income property (5 of 6 units recently renovated, 6th unit has been updated) offered with garage parking for 5 spaces. Located near freeway access, top Long Beach dining and shopping corridors, and waterfront attractions. Excellent for investors seeking both strong cash flow and development upside. [cross posted - mls # iv25271614]
  1. Listed by JENNIFER MENDOZA • DRE #01991593 • Brokerage DRE #01878277 • EXP REALTY OF CALIFORNIA INC • agentjennifermendoza@gmail.com

Property Details for 1048 East 5th Street

Parking Spaces Total
5
Private Pool
No
Total Units
6.0
Building Type
Attached
Business Type
Real Estate
Lot Size Source
Assessor
Living Area
4450
Assessor Parcel Number
7266-009-015
LISTING UPDATED: 12/05/2025 07:53 AM

Property Details for 1048 East 5th Street

StatusActive
MLS #IV25264295
Days on Market29
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Res Income 2-4 Units
Year Built1915
CountyLos Angeles County

Location

Listing Courtesy of EXP REALTY OF CALIFORNIA INC, JENNIFER MENDOZA, DRE #01991593
Add your commute

Building Information for 1048 East 5th Street

Building/Complex1048 E 5th StFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1915Building Size-

Payment Calculator

$13,576 per month

30 year fixed, 6.28% Interest

Principal and Interest

$11,612

Property Taxes

$1,964

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1048 East 5th Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $14,560
  • Gross Scheduled Income: $444,120
  • Vacancy Allowance Rate: 3
  • Net Operating Income: $316,739
  • Cap Rate: 6.64
Expense Details
  • Operating Expense: $118,616
  • Fuel Expense: $0
  • Electric Expense: $2,000
  • Insurance Expense: $4,535
  • Professional Management Expense: $17,765
  • Trash Expense: $1,700
  • Water Sewer Expense: $3,500
  • Total Expenses: $118,616
Tax / Assessment Info
  • Tax Tract Number: /
  • CFD/Mello-Roos Fee: $1,839
  • Tax Lot: /
Community / Development
Community / Development
  • Community Features: Sidewalks, Urban
  • Community: Alamitos Beach (AB)
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
Exterior Features
  • Entry Location: /
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
Land/Lot Info
  • Sign on Property: No
  • Lot Features: Lot 10000-19999 Sqft
  • Land Use: Multi-Family
  • Lease Considered: No
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 5
  • Parking: Yes
  • Parking Garage: Garage - 1 Car, Public
  • Parking Garage Spaces: 5
  • Carport Spaces: 0
  • Parking Features: Garage - Single Door, Public
Property / Structure Info
  • Builders Tract Name: Alamitos Beach
  • Builders Tract Code: Alamitos Beach (AB)
  • Building Status: Existing
  • Residential Styles: Res Income 2-4 Units
  • Asset Class: Multi-Family
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 4
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,695
  • Unit Type Total Rent: $8,580
  • Unit Type Pro Forma: 8580
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,595
  • Unit Type Total Rent: $2,495
  • Unit Type Pro Forma: 2595
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,995
  • Unit Type Total Rent: $2,595
  • Unit Type Pro Forma: 2695
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,050
  • Unit Type Total Rent: $2,050
  • Unit Type Pro Forma: 2295
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,295
  • Unit Type Total Rent: $2,295
  • Unit Type Pro Forma: 2295
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,930
  • Unit Type Total Rent: $1,930
  • Unit Type Pro Forma: 2295
  • Unit Type Type: 6
Unit Information
  • Number Of Units Leased: 6
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 0
  • Number Of Separate Gas Meters: 0
  • Number Of Separate Water Meters: 0

Property History for 1048 East 5th Street

DateEvent & SourcePriceAppreciation
Dec 5, 2025

Listed (Active)

CRMLS #IV25271614

$2,350,000—
Nov 21, 2025

Listed (Active)

CLAW #IV25271614MR

$2,350,000—
Nov 21, 2025

Listed (Active)

SDMLS #IV25271614

$2,350,000—
Nov 21, 2025

Listed (Active)

CRMLS #IV25264295

$2,350,000—
Oct 1, 2025

Expired

CRMLS #IV24250595

—
Sep 30, 2025

Expired

SDMLS #IV24250595

$2,500,000—
Sep 30, 2025

Expired

CLAW #IV24250595MR

$2,500,000—
Jun 21, 2025

Price Change

CRMLS #IV24250595

$2,500,000—
May 9, 2025

Price Change

CLAW #IV24250595MR

$2,650,000—
May 9, 2025

Price Change

CRMLS #IV24250595

$2,650,000—
Dec 16, 2024

Listed (Active)

CLAW #IV24250595MR

$2,750,000—
Dec 16, 2024

Listed (Active)

CRMLS #IV24250595

$2,750,000—
Dec 16, 2024

Listed (Active)

SDMLS #IV24250595

$2,750,000—
Jun 21, 2023

Expired

CRMLS #PW22257763

$2,550,000—
Jun 20, 2023

Expired

CLAW #PW22257763MR

$2,550,000—
Jun 20, 2023

Expired

SDMLS #PW22257763

$2,550,000—
Feb 27, 2023

Price Change

CRMLS #PW22257763

$2,550,000—
Dec 20, 2022

Listed (Active)

CRMLS #PW22257763

$2,700,000—
Dec 13, 2022

Listed (Active)

SDMLS #PW22257763

$2,700,000—
Dec 13, 2022

Listed (Active)

CLAW #PW22257763MR

$2,700,000—
Nov 22, 2021

Sold (Public Record)

Public Record #1484207469

$1,600,000—
DateEvent & SourcePrice
12/05/2025

Listed (Active)

CRMLS #IV25271614

$2,350,000
11/21/2025

Listed (Active)

CLAW #IV25271614MR

$2,350,000
11/21/2025

Listed (Active)

SDMLS #IV25271614

$2,350,000
11/21/2025

Listed (Active)

CRMLS #IV25264295

$2,350,000
10/01/2025

Expired

CRMLS #IV24250595

—
09/30/2025

Expired

SDMLS #IV24250595

$2,500,000
09/30/2025

Expired

CLAW #IV24250595MR

$2,500,000
06/21/2025

Price Change

CRMLS #IV24250595

$2,500,000
05/09/2025

Price Change

CLAW #IV24250595MR

$2,650,000
05/09/2025

Price Change

CRMLS #IV24250595

$2,650,000
12/16/2024

Listed (Active)

CLAW #IV24250595MR

$2,750,000
12/16/2024

Listed (Active)

CRMLS #IV24250595

$2,750,000
12/16/2024

Listed (Active)

SDMLS #IV24250595

$2,750,000
06/21/2023

Expired

CRMLS #PW22257763

$2,550,000
06/20/2023

Expired

CLAW #PW22257763MR

$2,550,000
06/20/2023

Expired

SDMLS #PW22257763

$2,550,000
02/27/2023

Price Change

CRMLS #PW22257763

$2,550,000
12/20/2022

Listed (Active)

CRMLS #PW22257763

$2,700,000
12/13/2022

Listed (Active)

SDMLS #PW22257763

$2,700,000
12/13/2022

Listed (Active)

CLAW #PW22257763MR

$2,700,000
11/22/2021

Sold (Public Record)

Public Record #1484207469

$1,600,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1048 East 5th Street

Taxable ValueLand$1,061,208Additions$636,964Total$1,698,172
Tax Record2025$23,567 ($1,964 / month)
Home Facts
Total Finished SqFt4,438 SqFtAbove Grade Finished SqFt4,438 SqFtLot Size14,868 SqFtStyleMulti-Family Res (5+ Units)Year Built1915ZoningLBR3SCountyLOS ANGELESAPN7266-009-015

Schools near 1048 East 5th Street

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Stevenson Elementary School
PublicK to 5

Franklin Classical Middle School
Public6 to 8

Polytechnic High School
Public9 to 12

Renaissance High School For The Arts
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

1048 East 5th Street is a multi-family home for sale in Long Beach, CA 90802. This property was listed for sale on November 21, 2025 by EXP REALTY OF CALIFORNIA INC, it's currently listed at $2,350,000. It has been on the market for a total of 29 days and was last sold on November 22, 2021. This listing's school district is Long Beach Unified School District. Nearby schools include Stevenson Elementary School, Franklin Classical Middle School and Polytechnic High School. 1048 East 5th Street is a 0-bed, 0-bath, 11,338 sqft multi-family home built in 1915.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EXP REALTY OF CALIFORNIA INC, JENNIFER MENDOZA, DRE #01991593

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.