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Travis Breton

travisbreton@gmail.com +1(760) 470-2752

Listed by Tyler Leeson, DRE #01451551 • Marcus & Millichap RE Invest

$ 2,595,000

Est. payment | -/mo

Save

$ 2,595,000

Est. payment | -/mo

Save

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CROC26214397

Year Built 1930

Source California Regional MLS

Property Description

3121 East 5th Street is a 5-unit multifamily investment property located in Long Beach, California. Constructed in 1930 and known as Casa Valencia, the property features a unit mix of five 2-bed/1-bath residences totaling 5,822 square feet. Four of the units offer approximately 1,242 square feet of living space, while the fifth totals approximately 854 square feet. Four single-car garages and four surface space provide an attractive parking ratio. Casa Valencia retains a collection of original Spanish Revival details that distinguish the property from more conventional apartment inventory. Architectural features include plaster barrel-vaulted ceilings, curved archways and period Spanish Revival fixtures, complemented by oak flooring and dedicated dining rooms in 4 of the 5 residences. Ownership has renovated 2 of the 5 units with new kitchens, stainless-steel appliances and in-unit washer/ dryers while also completing electrical and exterior improvements throughout the property. Most notably, Unit 3127, the renovated 1,242-square-foot residence, currently rents for $3,495 per month, compared with approximately $1,770 to $2,528 for the three remaining residences of the same size. This in-place performance provides a clear benchmark for the property's value-add potential as the rem

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Interior

Laundry Other

Exterior

Garage Spaces 8.0

Pool None

Building

Lot Description Grade - Level

Water District - Public

Others

Tax ID 7257006027

Special Listing Condition Not Applicable

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 470-2752

travisbreton@gmail.com

1902 Wright Place #200, Carlsbad, CA 92008, USA

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3121 E 5th ST Long Beach, CA 90814