531 W 5th Street, Long Beach, CA 90802
531 W 5th Street, Long Beach, CA 90802
531 W 5th Street, Long Beach, CA 90802
30
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$1,395,000
Est. payment /mo
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3 Beds
1 Bath
3,344 SqFt
New

531 W 5th Street Long Beach, CA 90802

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Christopher Schell

Christopher Schell

+1(619) 316-1177

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 3,344 sqft

Price per Sqft $417

Subdivision Alamitos Beach (Ab)

MLS Listing ID SB26186346

Bedrooms 3

Full Baths 1

Year Built 1923

Lot Size 7,518 Sqft

Property Sub-Type Detached

Property Description

531 W 5th St presents a unique opportunity for a buyer seeking the space, privacy, and flexibility of a single-family residence with the added benefit of substantial rental income. The property features a vacant 3-bedroom/1-bath front home with a full kitchen, dedicated dining area, Ring camera, and mini-split system, offering the feel and functionality of a standalone residence while the additional units generate income to help offset ownership costs. Beyond the main home, the property includes six additional rental units and a vacant 5-car garage, creating exceptional flexibility for an owner-occupant. The garage provides ample parking and storage, with the potential to generate additional income or be incorporated into the property's future development plans. For a homeowner, 531 W 5th St offers a rare chance to enjoy a private 3-bedroom residence while benefiting from multiple additional income streams. For extended families, multigenerational households, or buyers looking for additional space and flexibility, the property's existing layout and development potential create numerous possibilities rarely available in the Long Beach market. Ideally located just minutes from Downtown Long Beach, the property provides convenient access to the area's renowned restaurants, bars, shopping, entertainment, waterfront, and major transportation corridors. With a private residence, significant parking, established rental income, and approved plans for future expansion, 531 W 5th St offers the opportunity to own a home while letting the property work for you.

Location

State CA

County Los Angeles

Direction East of Pacific Ave and West of Magnolia Ave

Interior

Cooling Wall/Window

Fireplace No

Exterior

Garage Spaces 4.0

View Y/N Yes

Water Access Desc Public

Total Parking Spaces 4

Building

Story 1

Sewer Public Sewer

Water Public

Level or Stories 1

Others

Senior Community No

Tax ID 7278021039

Acceptable Financing Cash, Cash To New Loan, Conventional, Land Contract

Listing Terms Cash, Cash To New Loan, Conventional, Land Contract

Special Listing Condition Standard

MLS Router / San Diego MLS
Listed by Aaron Jacobson, DRE#02100737 Lyon Stahl Investment Real Estate, Inc. 

NEARBY SCHOOL & BUSINESS

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Christopher Schell

Christopher Schell

Residential Realtor License ID: 01195712

+1(619) 316-1177

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531 W 5th Street