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.
AGENT: Robert Stepp LISTING BROKERAGE: Keller Williams Realty Downey
Courtesy of Keller Williams Realty Downey. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than The Agency RE include the name of the listing broker. Neither the listing company nor The Agency RE shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 1050 E 5th
Long Beach, CA
Property Details
Price:
$1,650,000
MLS #:
PW26075600
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Commercial/Residential
Subdivision:
Alamitos Beach AB
Neighborhood:
4downtownareaalamitosbeach
Listed Date:
Apr 21, 2026
Total Sq Ft:
5,864
Lot Size:
8,968 sqft / 0.21 acres (approx)
Year Built:
2013
4 – Downtown Area, Alamitos Beach4downtownareaalamitosbeachAlamitos Beach Ab
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Schools
Interior
Heating
CF
Laundry Features
IR
Exterior
Common Walls
_1CW
Community Features
SDW
Garage Spaces
6
Parking Spots
7
Parking Total
7
Financial
Gross Operating Income
$126,426
Maintenance Fee
$1,950
Net Operating Income
$86,919
Map
Community
- Address1050 E 5th Long Beach CA
- SubdivisionAlamitos Beach (AB)
- CityLong Beach
- CountyLos Angeles
- Zip Code90802
