Ocean-View Apartment
For Sale
$4,900,000
4915 E Ocean, Long Beach, CA 90803
The Long Beach property includes tenant-occupied units and building improvements underway.
Property Size8,372 SF
Price / SF$585.28
Days on Market194
Property Features for 4915 E Ocean
General Information
Standard status
Active
Size
8,372 SF
Property subtype
Apartment
Site & Location
Neighborhood
Belmont Shore
Additional Details
Multifamily Units
10
Tenant in Place
Yes
Building Details
Building Size
8,372 SF
Year Built
1930
Listing Agency:
MJC Realty
(562) 716-8385
Listed By:
Brigitte Schroeder · License #01705827
(714) 271-7322
Source:
Monumentglobalestates
Added: Apr 19
Changed: Oct 29
Last Checked: Oct 29 at 11:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MJC Realty
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Investment Insights
Based on property information with market context.
Located across from the beach in Belmont Shore, this 8,372-square-foot apartment property was built in 1930 and has ocean views. Seven units are tenant-occupied, and improvements are underway, including renovation of a unit with ocean views and plans for a shared laundry room.
The City of Long Beach permits short-term rental use for one unit.
The City of Long Beach permits short-term rental use for one unit.
Key Highlights
- 8,372‑square‑foot apartment property built in 1930
- Seven units are tenant‑occupied
- Across from the beach in Belmont Shore, with ocean views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$160,102
Cap Rate
3.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,202,040
$3.2M
Cap Rate 7%
$2,287,171
$2.3M
Cap Rate 9%
$1,778,911
$1.8M
Market Conditions
NOI Build-Up for 8,372 SF
Gross rent
$306.4K $36.60/SF
− Vacancy
−$15.3K −$1.83/SF
EGI
$291.1K $34.77/SF
− OpEx
−$131.0K −$15.65/SF
NOI
$160.1K $19.12/SF
Area
Long Beach, CA
Vacancy
5.00%
Lease Rate
$36.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,202,040
Cap Rate 7%
$2,287,171
Cap Rate 9%
$1,778,911
Alternative Uses
Best Use
Apartment 5plus
$2.29M
$2.00M – $2.67M
NOI $160,102 @ 7.0% cap · market cap 3.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.48M
$3.92M – $5.23M
NOI $313,764 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
1,482
Businesses Nearby
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Business Placement
Demographics for 90803, CA
32,192
Population
18,516
Households
1.7
Avg Household Size
46
Median Age
61%
College-Educated
95%
High-School Grad
4.1 sq mi
ZIP Area
7,852
Density / Sq Mi
$111,500
Median Household Income
$73,944
Median Earnings
$2,073
Median Rent
$1,138,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The Long Beach property includes tenant-occupied units and building improvements underway.
Where is this apartment building located?
The property is located at 4915 E Ocean Long Beach, CA.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: 8,372‑square‑foot apartment property built in 1930; Seven units are tenant‑occupied; Across from the beach in Belmont Shore, with ocean views
