$10,000 Closing Credit¹
#SB25067464, Jeffrey Isenberg, Listing Office: Buckingham Investments, Inc
#SB25062688·
Listing office: Buckingham Investments, Inc·
Listing agent: Anthony Walker·
Listing office phone: 310-561-4776
$1,050,000 List price
334 W 5th St Long Beach, CA 90802
$10,000
Closing credit¹
0.05 acres
Multi-Family
Property details
About 334 W 5th St
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.
Highlights
Home typeQuadruplex
HeatingWall Furnace
StatusActive
Lot size0.0459 Acres
Year built1923
MLS #SB25062688
Summary
- MLS Number: SB25062688
- MLS Name: CRMLS
- Office Name: Buckingham Investments, Inc
- Office Phone: (310) 561-4776
- Listing Agent: Anthony Walker
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/12/2025, 11:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$1,050,000
334 W 5th St
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Apr 28, 2017 | Home Sold | $685,500 |
| Dec 30, 1994 | Home Sold | $108,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $779,935 | $10,419 |
| 2023 | $764,649 | $10,239 |
| 2022 | $749,663 | $9,615 |
| 2021 | $894,468 | $11,312 |
| 2020 | $727,138 | $9,277 |
| 2019 | $712,882 | $9,045 |
| 2018 | $698,904 | $2,514 |
| 2017 | $157,003 | $2,514 |
History based on county public records data.
Nearby schools
6
Edison Elementary School
Public District KG-5
0.3 mi
•625 Maine Ave
3
Chavez Elementary School
Public District KG-5
0.4 mi
•730 W 3rd St
5
Oropeza Elementary School
Public District KG-5
0.4 mi
•700 Locust Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $36,616. Typical income of Long Beach, CA residents is less than $<35k annually. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
48%
<35k
40%
35k-100k
12%
100k-200k
0%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
64%
Single, No Kids
13%
Single, with Kids
10%
Married, No Kids
13%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
6%
12-17 yrs old
31%
18-34 yrs old
42%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Burlington
Foot Locker
Where do the neighbors go to eat?
Boston Market
Popeyes
White Castle
What do the neighbors drive?
Honda
Nissan
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary- Soft Adult Contemporary
All data provided by Home Junction and Claritas
Similar homes for sale
1 day on Rocket
$10,000 Closing Credit¹
#PW25079229, Harold Betts, Listing Office: The RECollective
7 days on Rocket
$10,000 Closing Credit¹
#PW25072320, Juan Huizar, Listing Office: Sage Real Estate Group, Inc.
$10,000 Closing Credit¹
#NP24251827, Devin Lucas, Listing Office: Coldwell Banker Realty
$9,797 Closing Credit¹
#PW25038718, Gloria Bradley, Listing Office: Vylla Home, Inc.
$9,726 Closing Credit¹
#SB25057631, Luke Maggio, Listing Office: West Shores Realty, Inc.
$9,488 Closing Credit¹
#RS25058892, Ben Ong, Listing Office: Manna Realty
$10,000 Closing Credit¹
#PW24246703, Augustin Joo, Listing Office: California Bridge Realty
$9,203 Closing Credit¹
#RS24164281, Lucian Petrusan, Listing Office: C-21 Realty Team
$10,000 Closing Credit¹
#PW24248729, Augustin Joo, Listing Office: California Bridge Realty
This home is located at 334 W 5th St in Long Beach, CA and zip code 90802 in the The Harbor neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since March 27, 2025 and is currently priced at $1,050,000.
While more than 58 listings in Long Beach, CA in March 2025 were sold above asking price, there were more than 28 listings sold at asking price, and more than 59 were sold below. In March 2025 in Long Beach, CA there were 5% more homes for sale than in February. In March 2025, listings were on the market for 32 days. During the same period, the median list price in this real estate market was $830,250.
From Rocket Homes Real Estate and based on county public records data.