3 Beds
1 Bath
3,344 SqFt
3 Beds
1 Bath
3,344 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 3,344 sqft
Price per Sqft $417
Subdivision Alamitos Beach (Ab)
MLS Listing ID SB26186346
Bedrooms 3
Full Baths 1
HOA Y/N No
Year Built 1923
Lot Size 7,518 Sqft
Property Sub-Type Single Family Residence
Property Description
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.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Rooms
Main Level Bedrooms 3
Interior
Interior Features Bedroom on Main Level, Main Level Primary
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs, Suburban, Sidewalks, Urban
View Y/N No
View None
Total Parking Spaces 4
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Dwelling Type House
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Schools
School District Long Beach Unified
Others
Senior Community No
Tax ID 7278021039
Acceptable Financing Cash, Cash to New Loan, Conventional, Contract
Listing Terms Cash, Cash to New Loan, Conventional, Contract
Special Listing Condition Standard
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