5901 E Ocean Boulevard Long Beach, CA $ 6,100,000
5901 E Ocean Boulevard
$ 6,100,000
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5901 E Ocean Boulevard

Long Beach, CA, 90803
$ 6,100,000
Baths1.0 Sq 6,748

Monthly Estimate*

$ 38,056

Listed by Marcus & Millichap
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Studio

Multi-Family Home for sale in Long Beach, CA

for $6,100,000 with 1 full bath. This 6,748 square foot home was built in 1948 on a lot size of 0.1634.

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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Multi-Family Active

Price

$ 6,100,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1634

Year Built

1948

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

PW25131179

Days on Market

197

Features
General
Sewer Public Sewer
Zoning LBR2I
Garage Spaces 6
Pool Features None
Year Built 1948
Stories Count 2
Levels Two
Property Subtype Apartment
Gross Income 409553
Community Features Biking Curbs
Additional Parcels Description 7245019031
County Los Angeles
Net Operating Income 279065
Operating Expense 130488
Insurance Expense 10000
New Construction false
Property Type Residential Income
MaintenanceExpense 10556
Subdivision Name Peninsula (PI)
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions Ocean BLVD. & 59th ST
City Long Beach
Entry Location 1
Senior Community Y/N false
Number Of Units Total 16
MLS Area 1 - Belmont Shore/Park Naples Marina Pac Bay Hrbr
Lot Size Units Square Feet
Lot Size Square Feet 7119
Listing Terms Cash Cash to New Loan 1031 Exchange
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 3125
Fuel Expense 3125
Trash Expense 3125
Water Sewer Expense 3125
Additional Parcels Y/N true
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 15
Total Actual Rent 410220
Property Sub Type Additional Apartment
Taxes 76250
Cap Rate 4.57
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Interior
Total Stories 2
Common Walls 1 Common Wall
Laundry Features Common Area
Entry Level 1
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Exterior
Lot Features 16-20 Units/Acre
Water Source Public
Total Parking 6
Lot Size Area 7119
Number of Buildings 2
Building Area Total 6748
Lot Size Acres 0.1634
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 2
Number of Separate Gas Meters 5
Number of Separate Electric Meters 16
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* Excluded Features
List By
Marcus & Millichap

Broker

kking@marcusmillichap.com

Email

Affordability Calculator

$38,056
Per Month
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0%
Monthly Principal & Interest
$38,056
Monthly Property Taxes
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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/20/2025$6,100,000 Listed Price

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5901 E Ocean Boulevard, Long Beach, CA, 90803 is a Multi-Family Home for sale at $6,100,000 with 6,748 sqft and a lot size of 0.1634. 5901 E Ocean Boulevard is a studio with 1.0 baths and was built in 1948. The property's zip code is 90803 which is in Long Beach, CA