531 W 5th Street, Long Beach, CA 90802
Property · 2 recorded sales since 2024
Sold October 2026
Listing Agent: Aaron Jacobson (DRE #02100737) · Listing Office: Lyon Stahl Investment Real Estate, Inc. · Contact: 310-729-1559 · Bought with: LIANG WANG · PACIFIC STERLING REALTY/Irvine · MLS #SB26181225 · Source: CRMLS
How this sale compares
531 W 5th Street sold for $1,200,000 in October 2026, 14% under its $1,395,000 list price, after 41 days on the market. Across 226 closed sales in 90802 over the last 12 months, the median sold price is $525,000 and the median is $561 per square foot.
| Quarter | Closed sales in 90802 | Median sold price |
|---|---|---|
| Q1 2026 | 14 | $530,000 |
| Q2 2026 | 103 | $520,000 |
| Q3 2026 | 91 | $550,000 |
| Q4 2026 | 18 | $540,000 |
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 90802
Description
Ideal Owner-User Opportunity Near Downtown Long Beach 531 W 5th St is a 7-unit multifamily investment offering a rare combination of owner-user flexibility, in-place income, and upside through previously approved development plans. The property features a vacant 3-bedroom/1-bath front house with a full kitchen, dedicated dining area, Ring camera, and mini-split system, giving an owner-occupant the privacy and feel of a standalone home while collecting rental income from the remaining six units. At current rents, the property produces a 6.02% cap rate and 10.87 GRM. Previously approved plans are in place for a 3-bedroom/2-bath ADU, which brings the property to a 8.23% cap rate (including estimated construction costs) once built, a clear value-add path for an investor or owner-user looking to grow into the deal. The property also includes a vacant 5-car garage, which a buyer can lease for parking income or convert as part of the ADU plan. Located minutes from Downtown Long Beach, the property is close to the area's restaurants, bars, shopping, entertainment, waterfront, and major transportation corridors. Between the private 3-bedroom residence, six income-producing units, previously approved ADU plans, and a vacant 5-car garage, 531 W 5th St gives an owner-user or investor multiple ways to build equity in one property.
Listing description from the October 2026 sale, as reported to CRMLS.
Sale history
Recent sales near 531 W 5th Street
535 W 4th 312: Sold $330,000 · 1 bd · 1 ba · 552 sqft · Aug 2026 · 0.1 mi
eXp Realty of California, Inc. | DRE #02186898
Buyer's agent: Mikail Sujan, T.N.G. Real Estate Consultants | DRE #02149977445 W 6th: Sold $377,500 · 1 bd · 1 ba · 680 sqft · Sep 2026 · 0.1 mi
Keller Williams Coastal Prop. | DRE #01295382
Buyer's agent: Skye Koachway, Keller Williams Coastal Prop. | DRE #02249587555 Maine Avenue 303: Sold $499,000 · 2 bd · 2 ba · 908 sqft · Sep 2026 · 0.1 mi
Keller Williams Pacific Estate | DRE #01355505
Buyer's agent: Laine Warthan, eXp Realty of California Inc. | DRE #02155945555 Maine 130: Sold $485,000 · 2 bd · 2 ba · 892 sqft · Aug 2026 · 0.1 mi
Brown House Realty | DRE #01377633
Buyer's agent: Susan Nicholson, Coldwell Banker Realty | DRE #01814690401 W 5th Street 3B: Sold $430,000 · 2 bd · 2 ba · 956 sqft · Oct 2026 · 0.1 mi
Circle Real Estate | DRE #01959710
Buyer's agent: Maria Guerrero, Y Realty | DRE #01911984401 W 5th Street 1A: Sold $500,000 · 2 bd · 2 ba · 1,126 sqft · Oct 2026 · 0.1 mi
Keller Williams Pacific Estate | DRE #02105982
Buyer's agent: Brian Brown, Brown House Realty | DRE #01781643707 W 4th 8: Sold $399,000 · 1 bd · 1 ba · 640 sqft · Sep 2026 · 0.1 mi
Garrison Team Real Estate | DRE #01895704
Buyer's agent: Emmanuel Ramos, Nestegg Inc. | DRE #01826507315 W 3rd 212: Sold $245,000 · 1 ba · 487 sqft · Oct 2026 · 0.3 mi
Mark 1 Real Estate Inc | DRE #00886093
Buyer's agent: Alonso Ruiz, CA-RES | DRE #02134737
Closed sales reported in 90802, nearest first, last 12 months. All recent sales in Long Beach →