1050 E 5th, Long Beach, California 90802, Long Beach, 90802 - 0 bed, 0 bath
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Long Beach, California 90802
Analysis of 1050 E 5th, Long Beach, California 90802 is currently available with a list price of $1,650,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Long Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
This rebuilt triplex (2013) features recent modern renovations including contemporary kitchens with stainless steel appliances, updated bathrooms with granite countertops, and new flooring throughout. The property is in turnkey, mint condition with updated systems and requires no immediate maintenance.
Rebuilt in 2013 and recently renovated, this triplex features modern finishes and updated systems, offering a low-maintenance investment with no immediate capital improvements required.
The primary 5-bedroom, 3.75-bathroom unit can be delivered vacant, providing a rare opportunity for a buyer to reside in a large home while rental income from the other units offsets the mortgage.
Situated in the high-demand Alamitos Beach area near downtown Long Beach, the property benefits from strong rental demand and close proximity to the beach, dining, and urban amenities.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1803, other record living area = 5864.
With only 1,803 total square feet across three units, the living spaces—particularly within the 5-bedroom unit—are likely very compact, which may limit appeal for tenants seeking larger rooms.
The list price of $1.65M represents a high price per square foot for the area, which may challenge the capitalization rate and overall return on investment for pure cash-flow investors.
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.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.8 mi
Grades 6-8 • 0.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,803 | 3,411.5 | 50% |
| Lot Size | 8,968 | 7,666 | 50% |
| Price | $1.65M | $1.48M | 50% |
| Price per sq ft | $915 | $608 | 50% |
| Built year | 2013 | 1923 | 75% |
| HOA | $0 | $0 | 50% |
| Days on market | 2 | 123 | 25% |
Apr 20, 2026
$1,650,000
Initial Listing
Jun 4, 2004
$390,000
Public Record