3121 E  5th St, Long Beach, CA 90814
Property image
Property image
FOR SALE
Listed by Marcus & Millichap RE Invest, Tyler Leeson

$2,595,000

  • 10 Beds
  • 5 Baths
  • 5,822 sqft

3121 E 5th St, Long Beach, CA 90814

Rose Park
Est. Mortgage $16,648/mo*
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Home Highlights

Multi-Family
Built in 1930
$446/sqft
Garage

Local Information

  • Map ViewExplore the area around 3121 E 5th St.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

What's unique:Original spanish revival detailsPeriod spanish revival fixturesCurved archwaysOak flooringPreserved architectural characterStainless-steel appliances
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 remaining units are improved over time. Located in Long Beach’s 90814 ZIP, Casa Valencia places residents near Fourth Street’s Retro Row, Bluff Park and the coastline, with convenient access to Belmont Shore, Downtown Long Beach and the surrounding area’s dining, shopping and recreational destinations. Together, Casa Valencia’s preserved architectural character, oversized 2-bedroom floor plans and demonstrated renovation premium provide a distinctive foundation for continued value creation.

Home Details for 3121 E 5th St

Interior Features

Beds & Baths
Number of Bedrooms: 10Number of Bathrooms: 5
Appliances & Utilities
Laundry: Inside
Windows, Doors, Floors & Walls
Common Walls: No Common Walls
Levels, Entrance, & Accessibility
Stories: 2Number of Stories: 2Levels: TwoEntry Location: First level

Exterior Features

Exterior Home Features
No Private Pool
Parking & Garage
Number of Garage Spaces: 4Number of Covered Spaces: 4Open Parking Spaces: 4Has a GarageParking Spaces: 8Parking: Garage
Pool
Pool: None
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer
Surface & Elevation
Elevation Units: Feet

Days on Market

Days on Market: 28

Property Information

Year Built
Year Built: 1930
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Not a New ConstructionNot Attached PropertyNo Additional Parcels
Property Information
Parcel Number: 7257006027

Price & Status

Price
List Price: $2,595,000Price Per Sqft: $446

Active Status

MLS Status: Active

Location

Direction & Address
City: Long BeachCommunity: Eastside (Es)

Agent Information

Listing Agent
Listing ID: OC26214397

Building

Building Area
Building Area: 5822 Square Feet

Community

Community Features: Curbs, Gutter(s), Street Lights, SidewalksNot Senior Community

HOA

Association for this Listing: California Regional MLSHOA Fee: No HOA Fee

Lot Information

Lot Area: 6534 sqft

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Cash, Cash to New Loan, Conventional, 1031 Exchange

Rental Terms, Policies & Fees

No Rent Control

Miscellaneous

Mls Number: OC26214397Living Area Range Units: Square FeetAttribution Contact: tleeson@marcusmillichap.comCommon Interest: Community ApartmentUniversal Property Id: US-06037-N-7257006027-R-N

Additional Information

CurbsGutter(s)Street LightsSidewalksSource Internet Entire Listing Display

Price and Tax history

DateEventPrice
Oct 1, 2026
Source: CRMLS #OC26214397
Listed For Sale
$2,595,000
Jul 15, 2026
Source: N/A
Sold
$1,500,000

Around this home

The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Neighborhood stats provided by third party data sources.

What Locals Say about Rose Park

At least 1 Trulia users voted on each feature.
  • 100 % Say it's walkable to restaurants

  • 100 % Say it's dog friendly

  • 100 % Say streets are well-lit

  • 100 % Say there are sidewalks

  • 100 % Say people would walk alone at night

  • 100 % Say car is needed

  • 80 % Say neighbors are friendly

  • 67 % Say it's quiet

  • 50 % Say it's walkable to grocery stores

  • 33 % Say there's wildlife

Sourced by Trulia users. Learn more about our methodology.
  • Nathan Reese
    "It’s a lot of dogs and they’re plenty of dog parks"
  • Nathan Reese
    "Zaferia rose park anything passed Cherry is cool and quiet but the dog owners most of them not all are reckless "
  • Joseph Lorusso
    "I work in Orange County but also hang out in LA and I think this neighborhood is a great in-between spot to be able to do both relatively easy."
  • Megan McGough
    "Walking distance to almost anywhere but traffic is heavy during mornings and evenings. Don’t use public transportation."
  • Troy Mitchner
    "It’s a good neighborhood nice and friendly people not too far from the beach, beautiful city there is always some type of big event going on downtown Long Beach"
  • Jo E
    "It’s dirty really dirty with trash and dog droppings everywhere. I don’t feel safe and plan to move from here soon"
  • Siouxja
    "Tai-chi classes Yoga classes Easter egg hunt Annual picnic Christmas tree-lighting Sight of the famous Blue Grass festival"
  • Unspecified
    "Very dog friendly area. But some dog owners don’t pick up their waste. But that’s pretty much every place with a high dog population."
  • Charlie.rodas
    "There are a lot of dogs in the area but a few owners are always keeping their dogs off leashes. As a parent with little ones this can be unnerving when overly excited dogs come running towards my kids. Even with much reassurance, I would be much more comfortable with a leash"
  • Martinique B.
    "The diversity & peacefulness of our community is one of the main reasons why Rose Park is a wonderful place to call home"
  • Ben S.
    "not a bad commute but it's always impossible to find parking. people double park like crazy landlords don't care and the city has no plans to address it"
  • Trulia User
    "Not a lot of families in the neighborhood. Great to party and bar hop easy access to the bike and great bike paths. "
  • Hector C.
    "bad area to live a lot of crimes happen here I've gotten 2 cars stolen and 1 broken in to and there is never parking in the streets "
  • Brooke R.
    "I don’t have children but all the kids seem to do well in school and have fun there is a school just down the street and a high school a mile farther"
  • Rodriguez a.
    "I don’t see that many people walking their dogs here. Seems like everyone goes to the dog park. I don’t hear any dogs barking in this block "
  • Dramos0510
    "I enjoy the Christmas holiday and the decorated houses, seeing the kids play and events at Rose Park"
  • Colbertrandy02
    "public transportation is how i get around so that i can work another job on a daily that way i can afford my car and apt"
  • Patricepigram
    "The near by walk-in shops,bars and restaurants makes it unique from must neighborhoods. This neighborhood you can shop for groceries, house whole items as well as clothing you can get your hair and nails done all in walking distance "
  • James B.
    "Like the rest of Long Beach outrageous rent . Mostly nice people. Lotsa millenials. close to 4th Street ."
  • Colbertrandy02
    "it's close to the beach and it's really plush with trees I like the fact that this nice area is still available and affordable kind of "
  • Kalikid2020
    "Great people, great food, and great shops. Retro Row, the Art Theater...no other place like it. I live on 4th street and absolutely love it, I can’t imagine living anywhere else."
  • Lambertadouki22
    "I have lived here for about 8 months now and there is always noise from outside , from cars to accidents , but there isn’t much parking Especially during the week when people are home and how could I forget the accidents ! There are so many ..."
  • Felix A.
    "For me, Rose Park neighborhood embodies the best of Long Beach, beautifully restored homes, close to the beach, and Downtown LB, and great neighbors. "

Market trends in Long Beach

Last updated September 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$860K
$39.5K
MoM
Sale-to-List Price
100.0%
Price per sq ft
$645
$3
MoM
Available listings
793
34
MoM
Sourced by Trulia Market Trends

Home Value

Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.00
Multi-Family Home
$1,500,000
07/16/26
12
6
5,822
0.21
Multi-Family Home
$1,920,000
09/24/26
11
7
5,319
0.24
Multi-Family Home
$1,800,000
08/05/26
8
6
4,740
0.26
Multi-Family Home
$1,800,000
11/17/25
14
7
5,332
0.10
Multi-Family Home
$2,344,000
06/23/26
15
9
6,403
0.40
Multi-Family Home
$1,742,500
11/21/25
11
8
5,967
0.38
Multi-Family Home
$1,775,000
03/17/26
10
10
6,026

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
0.00
-
2
1
-
Off Market
0.00
$1,500,000
12
6
5,822
Recently Sold
0.00
-
2
1
-
Off Market
0.00
-
2
1
1,250
Off Market
0.00
-
2
1
-
Off Market
0.01
$1,520,300
9
5
4,290
Off Market
0.01
-
3
2
-
Off Market
0.01
-
2
2
-
Off Market
0.01
$1,218,200
2
2
-
Off Market
0.01
$1,013,400
Studio
2
1,622
Off Market
0.02
$876,500
2
2
1,104
Off Market
0.02
$938,500
2
1
1,856
Off Market
0.02
$1,063,300
2
2
1,300
Off Market
0.02
-
1
1
-
Off Market
0.02
$885,200
2
2
1,205
Off Market
0.03
$1,114,500
3
3
1,952
Off Market
0.03
-
2
1
-
Off Market
0.03
-
3
2
1,000
Off Market
0.03
-
2
1
800
Off Market
0.03
-
3
2
1,000
Off Market

LGBTQ Local Legal Protections

Tyler Leeson, Marcus & Millichap RE Invest
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-10-28 06:46:59 PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Frequently asked questions about 3121 E 5th St

  • What is the estimated monthly payment for 3121 E 5th St?
    Based on a $2,595,000 list price with 20% down at today's rates, the estimated monthly payment for 3121 E 5th St in Long Beach, CA is approximately $16,944 (about $14,317 principal & interest, $2,552 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 3121 E 5th St compare to homes in Long Beach?
    3121 E 5th St in Long Beach, CA is listed at $2,595,000, about 202% above the $860K median sale price in Long Beach.
  • What are the closest schools to 3121 E 5th St?
    The closest schools to 3121 E 5th St in Long Beach, CA are Jefferson Leadership Academies School (Middle, rated 7/10), Mann Elementary School (rated 7/10), Wilson High School (rated 6/10).
  • Does 3121 E 5th St have laundry facilities?
    Yes, 3121 E 5th St in Long Beach, CA has laundry facilities.
3121 E 5th St, Long Beach, CA 90814 is a 10 bedroom, 5 bathroom, 5,822 sqft multi-family built in 1930. 3121 E 5th St is located in Rose Park, Long Beach. This property is currently available for sale and was listed by CRMLS on Oct 1, 2026. The MLS # for this home is MLS# OC26214397.