3121 E 5th 5, Long Beach, CA 90814
Property
Sold July 2026
Listing Agent: Ikumi Baker (DRE #00879343) · Listing Office: Remco - A. R. E. & Mgmt. Co. · Contact: 562-310-0490 · Bought with: Ikumi Baker · Remco - A. R. E. & Mgmt. Co. · MLS #PW26116533 · Source: CRMLS
How this sale compares
3121 E 5th 5 sold for $1,500,000 in July 2026, 9.1% under its $1,650,000 list price, after 17 days on the market. It was first listed at $1,990,000. Across 80 closed sales in 90814 over the last 12 months, the median sold price is $1,011,000 and the median is $644 per square foot.
| Quarter | Closed sales in 90814 | Median sold price |
|---|---|---|
| Q1 2026 | 5 | $1,180,000 |
| Q2 2026 | 31 | $995,000 |
| Q3 2026 | 38 | $828,125 |
| Q4 2026 | 6 | $1,302,500 |
Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Long Beach · Homes for sale in 90814
Description
Amazing! Listing price reduced $340K. Well maintained Mediterranean 5 plex is just blocks to the beach. Popular rental residential area. All units are 2 BR/1BA. 4 units are 1242 sqft and the unit above the detached 4 single car garages is 854 sqft. As the owners upgraded units, they preserved many original, ornate features such as tile work, arched openings to dining rooms, coved ceilings and polished hardwood floors. Common area laundry room. Unit #3127 will remain not rented. With the actual current rents + 1 vacancy, the CAP rate is 4.8%. Potential upside is high for investors with building improvement in mind. Potential pro-forma rent total is $152,400 and NOI can be $127,089. Potentially 6.4% CAP rate and 13 GX. It is a fantastic investment opportunity.
Listing description from the July 2026 sale, as reported to CRMLS.
Sale history
Recent sales near 3121 E 5th 5
3011 E 4th Street: Sold $2,344,000 · 15 bd · 9 ba · 6,403 sqft · Jun 2026 · 0.1 mi
The Agency | DRE #01336277
Buyer's agent: Juan Huizar, Sage Real Estate Group, Inc. | DRE #014176423045 E Theresa 8: Sold $280,000 · 1 bd · 1 ba · 566 sqft · Jun 2026 · 0.1 mi
Century 21 Masters | DRE #02074114
Buyer's agent: Renata Fallon, Redfin Corporation | DRE #01752799605 Redondo Avenue 206: Sold $488,000 · 1 bd · 2 ba · 1,002 sqft · Jul 2026 · 0.1 mi
Pabst, Kinney & Associates | DRE #00804122
Buyer's agent: Jennifer Boyd, Keller Williams Coastal Prop. | DRE #01958537605 Redondo 304: Sold $526,500 · 2 bd · 2 ba · 1,111 sqft · Jun 2026 · 0.1 mi
Landon Realty Group | DRE #02200660
Buyer's agent: Juanita Tiu, Power Brokers | DRE #009736732815 E 5th Street: Sold $1,350,000 · 3 bd · 2 ba · 1,709 sqft · Aug 2026 · 0.2 mi
Vylla Home, Inc. | DRE #01393025
Buyer's agent: Lisa Anderson, Coldwell Banker Realty | DRE #01349805360 Gladys Avenue 1: Sold $510,000 · 2 bd · 2 ba · 854 sqft · Jun 2026 · 0.2 mi
Compass | DRE #01365696
Buyer's agent: Susan Beadles, Compass | DRE #01196933624 Temple Avenue: Sold $1,385,000 · 3 bd · 3 ba · 1,956 sqft · May 2026 · 0.2 mi
Pabst, Kinney & Associates | DRE #01849377
Buyer's agent: Adam Loucks, Balboa Real Estate, Inc | DRE #01905775426 Newport: Sold $1,800,000 · Aug 2026 · 0.2 mi
N. P. Property Management Inc. | DRE #02073148
Buyer's agent: Jignesh (Jack) Patel, Sage Real Estate Group Inc | DRE #01941349
Closed sales reported in 90814, nearest first, last 12 months. All recent sales in Long Beach →