531 W 5th Street

Long Beach, CA
$ 1,395,000 Beds 3 Baths 1 Sq 3,344
Monthly Estimate* How much can I afford?

LIVE IN ONE AND RENT THE OTHER 6 531 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.

Active

  • Price
  • $ 1,395,000
  • City
  • Long Beach
  • Bedrooms
  • 3
  • Full Bathrooms
  • 1
  • County
  • Los Angeles
  • Half Bathrooms
  • 0
  • Area
  • Downtown Area, Alamitos Beach
  • Lot Size
  • 0.1726 Acres
  • Zip
  • 90802
  • Sqr Footage
  • 3,344
  • Year Built
  • 1923
  • Style
  • MLS#
  • SB26186346
Listed By: Aaron Jacobson with Lyon Stahl Investment Real Estate, Inc.; 310-729-1559
Data Source: California Regional MLS (CRMLS)

Features

General

Living Area 3344
Sewer Public Sewer
Cooling Wall/Window Unit(s)
Garage Spaces 4
Pool Features None
Year Built 1923
View None
Stories Count 1
Levels One
Property Subtype Single Family Residence
Community Features Curbs,Suburban,Sidewalks,Urban
County Los Angeles
New Construction false
Property Type Residential
HOA false
Attached Garage false
Subdivision Name Alamitos Beach (AB)
Garage Y/N true
Full Baths 1
Special Listing Conditions Standard
Status Active
Directions East of Pacific Ave and West of Magnolia Ave
City Long Beach
Entry Location Front
Senior Community Y/N false
High School District Long Beach Unified
Number Of Units Total 7
MLS Area 4 - Downtown Area, Alamitos Beach
Lot Size Units Square Feet
Lot Size Square Feet 7518
Listing Terms Cash,Cash to New Loan,Conventional,Contract
Property Attached Y/N false
Land Lease Y/N false
Additional Parcels Y/N false
Lease Considered Y/N false
Structure Type House
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Year Built Source Assessor
Tax Lot 22
Property Sub Type Additional Single Family Residence
PostalCity LONG BEACH

Interior Features

Interior Amenities Bedroom on Main Level,Main Level Primary
Fireplace Features None
Total Stories 1
Common Walls No Common Walls
Air Conditioning Y/N true
Fireplace Y/N false
Laundry Features None
Total Bedrooms 3
Entry Level 1
Main Level Bedrooms 3
Main Level Bathrooms 1
LivingAreaSource Assessor
Total Baths 1

Exterior Features

Lot Features 0-1 Unit/Acre
Water Source Public
Total Parking 4
Lot Size Area 7518
Lot Size Acres 0.1726
Private Pool false
Lot Size Source Assessor

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Temecula, CA office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
Agent Photo

Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

8/25/2026 Listed $1,395,000

Property vs Zip Code Average in 90802

Price
AVG $410K
$1.4M
Year Built
AVG 1940
1923

In The Neighborhood

Areas That We Cover

531 W 5th Street Long Beach, CA is a Single Family Home for sale at $1395000 with 3344 sqft and a lot size of 0.1726 Acres Acre(s). 531 W 5th Street Long Beach has 3 bedrooms, 1 baths and was built in 1923. The property's zip code is 90802 which is in Long Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Your Agent
Lucy Delgado

Lucy Delgado

951-319-2636

Find your home's value