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5901 E Ocean Boulevard

Long Beach, CA 90803
  • $6,100,000
  • STATUS: Active
  • ON SITE: 183 Days
  • ID#: PW25131179
UPDATED: 127 min ago
$6,100,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1948
County:

School Ratings & Info

Listing Agent(s): Kevin King of Marcus & Millichap (562-257-1200)


Description

We are pleased to present a 16-unit multifamily property located on the Peninsula in Long Beach, CA 90803. Built in 1923 & 1948, the subject property consists of 6,748 rentable square feet spread throughout a 7,119 square foot lot. The building consists of six 1-bedroom / 1 bathroom units, one 1-bedroom / 1-bathroom loft unit, three loft studios, five studios, and one bachelor unit. It contains six garages providing essential parking and flexible future income / ADU opportunities. Two Contiguous Parcels on Three Lots Operating as One Property (11 Units and 4+1 Units), Providing Flexible Entry and Exit Strategies.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-12-12T00:26:58.333. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Independent Broker Network. Licensed in the State of California, USA.
www.robynicenhowerproperties.com/homes/164811358
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5901 E Ocean Boulevard Long Beach, CA 90803

  • Price: $6,100,000
  • Status: Active
  • On Site: 183 Days
  • Updated: 127 min ago
  • ID#: PW25131179
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1948
Built
Neighborhood:
Peninsula (Pi)
County:
Los Angeles
Area:
1 - Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr
Property Description
We are pleased to present a 16-unit multifamily property located on the Peninsula in Long Beach, CA 90803. Built in 1923 & 1948, the subject property consists of 6,748 rentable square feet spread throughout a 7,119 square foot lot. The building consists of six 1-bedroom / 1 bathroom units, one 1-bedroom / 1-bathroom loft unit, three loft studios, five studios, and one bachelor unit. It contains six garages providing essential parking and flexible future income / ADU opportunities. Two Contiguous Parcels on Three Lots Operating as One Property (11 Units and 4+1 Units), Providing Flexible Entry and Exit Strategies.
Exterior Features

Entry Level 1 Entry Location 1 Lot Features 16-20 Units/Acre Number Of Separate Electric Meters 16 Parking Total 6 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 1 Common Wall

Property Features

Additional Parcels YN Yes Cap Rate 4.57 Common Interest Community Apartment Community Features BikingCurbs Electric Expense 3125 Fuel Expense 3125 Garage YN Yes Gross Income 409553 Gross Scheduled Income 421020 Insurance Expense 10000 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan1031 Exchange Maintenance Expense 10556 Net Operating Income 279065 New Construction YN No New Taxes Expense 76250 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 2 Operating Expense 130488 Other Expense 4800 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 410220 Trash Expense 3125 Water Sewer Expense 3125 Water Source Public Zoning LBR2I



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-12-12T00:26:58.333. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Independent Broker Network. Licensed in the State of California, USA.
 
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Robyn Graham & Associates | Independent Broker Network
1148 N. Chinowth Suite A
Visalia CA, 93291
Listing Agent(s): Kevin King of Marcus & Millichap (562-257-1200)