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3121 E 5th
For Sale $1,990,000
$1,990,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 6,753 Sq Ft
Description
Well maintained Mediterranean 5 plex is just blocks to the beach. Popular rental residential area. All units are 2 BR/1BA. 4 units are 1242 sqft and the unit above the detached 4 single car garages is 854 sqft. As the owners upgraded units, they preserved many original, ornate features such as tile work, arched openings to dining rooms, coved ceilings and polished hardwood floors. Common area laundry room. Unit #3127 will remain not rented. With the actual current rents + 1 vacancy, the CAP rate is 4.8%. Potential upside is high for investors with building improvement in mind. Potential pro-forma rent total is $152,400 and NOI can be $127,089. Potentially 6.4% CAP rate and 13 GX. It is a fantastic investment opportunity.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,990,000 |
| Property Type | Condo/Co-Op |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 4 spots |
| Year Built | 1930 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Water, Sewer |
| APN # | 7257006027 |
| MLS # | PW26116533 |
| Property ID | 322891685 |
| Lot Sqft | 6,753 |
| Zoning | LBR2N |
| Total Units | 5 |
| Days on Market | 15 |
| Original List Price | $1,990,000 |
| Applicances | Water Heater% |
| Date Updated | June 03, 2026 |
| Date Created | May 28, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $122,100 | $0 |
| Net Income (Yr) | $ 95,368 |
| Cap Rate | 4.8% |
Listing Provided By
Ikumi Baker an agent of . Lic #00879343
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of June 03, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT