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    5901 E Ocean Blvd Long Beach, CA 90803

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    For Sale
    $6,250,000

    16-unit multifamily property in Long Beach, California.

    Lot size:
    0.16 Acres

    Property Features for 5901 E Ocean Blvd

    General Information

    Lot size
    0.16 Acres

    Building Details

    Year built
    1948

    Source: Keller Williams Coastal Properties I Agent Kevin King

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Long Beach Multifamily Property

    This multifamily property is located on the Peninsula in Long Beach, CA 90803. Constructed in 1923 and 1948, the property includes 16 units within 6,748 rentable square feet, situated on a 7,119 square foot lot. The unit mix comprises six 1-bedroom/1-bathroom units, one 1-bedroom/1-bathroom loft unit, three loft studios, five studios, and one bachelor unit. Six garages are included, offering parking and potential for future income or ADU development. The property consists of two contiguous parcels on three lots operating as one property, with 11 units and 4+1 units, allowing for flexible entry and exit strategies.
    Insight Report Location Intelligence

    Current Use by Public Records

    DNA Promotions: Boat ... Event Planner

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Long Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.1242442
    Latitude
    33.7495086

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    FAQs

    What type of property is this?
    Apartment building - 16-unit multifamily property in Long Beach, California.
    Where is this apartment building located?
    The property is located at 5901 E Ocean Blvd Long Beach, CA.
    What is the asking price?
    The asking price for this property is $6,250,000.
    What are key features of this property?
    This property features: - 16-unit multifamily property on the Peninsula in Long Beach, CA.; - Six garages offering parking and ADU potential.; - Two contiguous parcels on three lots provide flexible entry and exit strategies.
    Request Owner's contact information
    5901 E Ocean Blvd Long Beach, CA 90803
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5901 E Ocean Blvd Long Beach, CA 90803
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