Perfect 4 unit investment property right in the heart of

swipe instructions
Tap to see more photos

Townhome/Townhouse Sale Pending

334 W 5th Street

Long Beach, California 90802

Los Angeles County

Community: Downtown (DT)

map
$1,050,000 4 br, 4.0 bath 2688 sq. ft. 0.046 acres

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.

Interior:
  • Bedrooms: 4
  • Baths: 4.0
  • Sq Ft: 2688
  • Year Built: 1923
  • Utilities: 
  • Fireplaces: 
  • Stories: 2
  • Heat/AC: Wall Furnace
  • Garage: None
Exterior:
  • Lot Size: 0.046 acre
  • Lot Dimensions: 
  • View Types: None
  • Yard: 
  • Siding: 
  • Roof: 
  • MLS #: SB25062688
Get More Info
static map
Contact Information:
phone Call now 1-855-943-4259
Beach Townhome/Townhouse Sale Pending in Long Beach, California
Listing Agent: Anthony Walker, Buckingham Investments, Inc., 310-561-4776, 310-982-7055 Listing Site, Listing Status: Pending
Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 5968643
Viewed 16 times.
Updated: Mar 27, 2025

This property is a Townhome/Townhouse located at 334 W 5th Street, Long Beach, California 90802, and is currently Sale Pending at $1,050,000. This Townhome/Townhouse has 4 bedrooms, 4.0 baths, 2688 sq ft.