Long Beach, CA 90803 5901 E Ocean Boulevard
$6,745,000
14 more
Presented By: Kevin King with Marcus & Millichap; kking@marcusmillichap.com
Beds • 6
Baths • 1
SQFT • 6,748
Garage • 6
Year Built • 1948
Home Details
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 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.
Presented By: Kevin King with Marcus & Millichap; kking@marcusmillichap.com
Interior Features for 5901 E Ocean Boulevard
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level1
General for 5901 E Ocean Boulevard
Additional Parcels Description7245019031
Additional Parcels Y/NYes
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLong Beach
Community FeaturesBiking, Curbs
CountyLos Angeles
DirectionsOcean BLVD. & 59th ST
Electric Expense3125.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense3125.0
Garage Spaces6.0
Garage Y/NYes
Gross Income420029.0
HOANo
Home Warranty Y/NNo
Insurance Expense10500.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan, Exchange1031
Lot Size Square Feet7119.0
Lot Size UnitsSquareFeet
MLS Area1 - Belmont Shore/Park, Naples, Marina Pac, Bay Hrbr
MaintenanceExpense10826.0
MobileHomeRemainsYNNo
Net Operating Income280289.0
New ConstructionNo
Number Of Units Total16
Operating Expense139740.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Subdivision NamePeninsula (PI)
Tax Lot15
Taxes$84,313
Total Actual Rent421020.0
Trash Expense3125.0
Water Sewer Expense3125.0
Year Built1948
Year Built SourceAssessor
ZoningLBR2I
Exterior for 5901 E Ocean Boulevard
Building Area Total6748.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSixteenToTwentyUnitsAcre
Lot Size Acres0.1634
Lot Size Area7119.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters16
Number of Separate Gas Meters5
Number of Separate Water Meters2
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking6.0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Alexandra Eston
Sales Associate
Price
$6,745,000
MLS#PW25131179
List Date
06/11/2025
Property Type
Multi-Family
Phone
(562) 537-4182
