4244 E 5th St

$5,500,000
Price
20
Beds
22
Baths
10,438 Sq. Ft.
$527 / Sq. Ft.
10,438
Sq. Ft.
$527
per Sq. Ft.

Description

This investment property is located in the coastal community of Belmont Heights, one the city's most desirable locations minutes to the beach and proximate to Belmont Shore and Naples Island. An aesthetic pride-of-ownership asset with attractive landscaping and street surroundings. All units have been upgraded with built-in stoves, microwaves and refrigerators. All units have fireplaces except the two singles. Parking consists of 9 garages and 16 spaces. The building has all-copper plumbing, new...This investment property is located in the coastal community of Belmont Heights, one the city's most desirable locations minutes to the beach and proximate to Belmont Shore and Naples Island. An aesthetic pride-of-ownership asset with attractive landscaping and street surroundings. All units have been upgraded with built-in stoves, microwaves and refrigerators. All units have fireplaces except the two singles. Parking consists of 9 garages and 16 spaces. The building has all-copper plumbing, new electric panels, a new security-camera system, and a recently painted exterior. PRICE REDUCED, with a 5.93 cap rate!
  1. Listed by Albert Morell • DRE #00466538 • Brokerage DRE #01026478 • WRE SoCal, Inc.

Property Details for 4244 East 5th Street

Zoning
LBR4R
Style
Contemporary Mediterranean
Parcel Number
7255037027
Total Units
16.0
Living Area
10438
Source Living Area
Vendor Enhanced
Area
Belmont Heights, Alamitos Heights (2)
Vacancy Rate
3%
LISTING UPDATED: 12/11/2025 09:51 AM

Property Details for 4244 East 5th Street

StatusActive
MLS #25592845
Days on Market102
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1972
Lot Size0.30 AC / 13,086 SF
CountyLos Angeles County

Location

Listing Courtesy of WRE SoCal, Inc., Albert Morell, DRE #00466538
Add your commute

Building Information for 4244 East 5th Street

Stories2Residences-Year Built1972Building Size-Lot Size0.30 AC / 13,086 SF

Payment Calculator

$29,202 per month

30 year fixed, 6.28% Interest

Principal and Interest

$27,177

Property Taxes

$2,025

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4244 East 5th Street

Community / Development
Community / Development
  • Number Of Units: 16
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • Security Features: Exterior Security Lights, Other, Resident Manager, Smoke Detector
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Gas, Water Heater Unit
Contract Info
Contract Info
  • Probate: No
  • Financing: Exchange Up
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $432,822
  • Net Operating Income: $326,554.00
  • Gross Income: $446,808
  • Cap Rate: 5.93%
  • Gross Rent Multiplier: $12.30
  • Garage Income: $2,250
  • Laundry Income: $5,400
  • Owner Pays: Gardener, Water
  • Total Annual Expense: 120254
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.3004
  • Lot Size Square Feet: 13086
  • Lot Size Dimensions: 100x130
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Parking Space, Garage Is Detached, Garage - 1 Car
  • Total Parking: 25
  • Covered Parking: 9
  • Open Other Spaces Total: 16
  • Garage Spaces Total: 9
  • Parking Features: Parking Space, Garage - Single Door
  • Attached Garage: No
  • Garage Structures Total: 9.0
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Electric, Ceiling Fan, Air Conditioning
  • Cooling Type: Electric, Ceiling Fan, Air Conditioning
  • Heating: Wall Electric, Fireplace
  • Heating Type: Wall Electric, Fireplace
  • Equipment: Dishwasher, Microwave, Ceiling Fan, Garbage Disposal
  • Interior Features: Ceiling Fan(s)
  • Cooking Appliances: Free Standing Electric, Gas/Electric Range, Oven-Electric, Microwave
  • Laundry: Laundry Area
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Sprinklers: Sprinkler System
  • Patio Features: Patio Open
  • Entry Location: Ground Level - no steps
  • Windows: Awning, Drapes/Curtains, Garden Window
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-29-2025
  • Listing Terms: Exchange Up
  • Rent Control: No
  • Tenant Pays: Electricity, Gas, Cable TV, Move In Fee
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,795.00
  • Unit Actual Rent: $15,930.00
  • Unit Projected Rent: $2,995.00
  • Like Units: 6
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,995.00
  • Unit Actual Rent: $16,114.00
  • Unit Projected Rent: $2,295.00
  • Like Units: 8
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,595.00
  • Unit Actual Rent: $3,090.00
  • Unit Projected Rent: $1,750.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107, 2108
  • Number of Dishwasher: 16
  • Number of Disposal: 16
  • Number of Electric Meters: 16
  • Number of Gas Meters: 16
  • Number Range: 16
  • Number Refrigerator: 16
  • Number Rented Garages: 9
  • Number Water Meters: 1
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $853,017.00
  • Assessed Improvement Percent: 52.61
  • Assessed Land Value: $768,484.00
  • Assessed Land Percent: 47.39
  • Assessed Total Value: $1,621,501.00

Property History for 4244 East 5th Street

DateEvent & SourcePriceAppreciation
Nov 11, 2025

Price Change

CRMLS #25592845

$5,500,000—
Nov 11, 2025

Price Change

CLAW #25592845

$5,500,000—
Oct 13, 2025

Price Change

CRMLS #25592845

$5,995,000—
Oct 13, 2025

Price Change

CLAW #25592845

$5,995,000—
Sep 10, 2025

Listed (Active)

CRMLS #25592845

$6,500,000—
Sep 10, 2025

Listed (Active)

CLAW #25592845

$6,500,000—
DateEvent & SourcePrice
11/11/2025

Price Change

CRMLS #25592845

$5,500,000
11/11/2025

Price Change

CLAW #25592845

$5,500,000
10/13/2025

Price Change

CRMLS #25592845

$5,995,000
10/13/2025

Price Change

CLAW #25592845

$5,995,000
09/10/2025

Listed (Active)

CRMLS #25592845

$6,500,000
09/10/2025

Listed (Active)

CLAW #25592845

$6,500,000

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

Public Records for 4244 East 5th Street

Taxable ValueLand$783,853Additions$870,077Total$1,653,930
Tax Record2025$24,306 ($2,025 / month)
Home Facts
Total Finished SqFt10,438 SqFtAbove Grade Finished SqFt10,438 SqFtLot Size13,083 SqFtStyleMulti-Family Res (5+ Units)Year Built1972ZoningLBR4RCountyLOS ANGELESAPN7255-037-027

Schools near 4244 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
Fremont Elementary School
PublicK to 5

Rogers Middle School
Public6 to 8

Wilson High School
Public9 to 12

Richard D. Browning High
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.

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4244 East 5th Street is a multi-family home for sale in Long Beach, CA 90814. This property was listed for sale on September 10, 2025 by WRE SoCal, Inc., it's currently listed at $5,500,000. This listing's school district is Long Beach Unified School District. Nearby schools include Fremont Elementary School, Rogers Middle School and Wilson High School. 4244 East 5th Street is a 20-bed, 22-bath, 10,438 sqft multi-family home built in 1972.

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 WRE SoCal, Inc., Albert Morell, DRE #00466538

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.