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Listed by Robert Stepp • Keller Williams Realty Downey
$1,650,000
Est. payment /mo
5,864 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Commercial/Residential
Listing Status Active
Purchase Type For Sale
Square Footage 5,864 sqft
Price per Sqft $281
MLS Listing ID PW-26075600
Year Built 2013
Lot Size 8,968 Sqft
Property Sub-Type Commercial/Residential
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Located at 1050 E 5th St in Long Beach, this rebuilt triplex offers a rare opportunity for both investors and owner-users seeking a turnkey income property in a prime coastal market. The property has undergone a renovation, delivering modern finishes, updated systems, and low-maintenance living across all three units. Each unit features a private entrance, functional layouts, and bright, contemporary interiors designed to attract quality tenants. Ideal for owner-user with a 5 bed/3.75 bath house which can be delivered vacant. One unit can be lived in while generating strong rental income from the others—helping offset mortgage costs. The property also offers on-site parking and a clean, updated exterior, enhancing curb appeal and long-term value. Conveniently located near downtown Long Beach, residents enjoy easy access to restaurants, shopping, transportation, and the beach. With strong rental demand and no immediate capital improvements needed, this is a true turnkey opportunity in a high-demand area.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Interior
Heating Central
Laundry Individual Room
Exterior
Garage Spaces 6.0
Pool None
Community Features Sidewalks
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer
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John R Thompson
Broker/Owner | License ID: 01200900
Broker/Owner License ID: 01200900