This invention relates to a new and distinct short-day variety of strawberry plant named `PS-5016`. This new strawberry variety `PS-5016` is primarily adapted to the growing conditions of the central coast of California, and is primarily characterized by its large plant size, vigorous growth rate with flowers visible above the plant for most of the year, large foliage size, light green in color and strongly concave in cross section, highly productive with fruit ripening beginning early, and produced fruit is small in size, medium red in color, conical in shape with excellent firmness, gloss and appearance.