Long Beach Multifamily Investment
For Sale
$5,500,000
Pending
5901 E Ocean Blvd, Long Beach, CA 90803
16-unit multi-residential property near the beach in Long Beach.
Property Size6,700 SF
Lot Size0.16 Acres
Days on Market101
Property Features for 5901 E Ocean Blvd
General Information
Standard status
Pending
Size
6,700 SF
Lot size
0.16 Acres
Property subtype
Investment
Building Details
Year Built
1948
Listing Agency:
(805) 409-3662
Listed By:
Andrew Carter
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Aug 1 at 3:56AM
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 Andrew Carter
Investment Insights
Based on property information with market context.
This 16-unit multi-residential property is located along the Peninsula of Long Beach. Constructed in the early 20th century with expansions mid-century, this property offers vintage architectural appeal. The property includes approximately 6,700 square feet of rentable living space on a lot exceeding 7,100 square feet. The unit mix includes one-bedroom residences, loft-style studios, classic studios, and one unit currently utilized for Airbnb. The property includes six private garages, presenting potential for reconfiguration, additional income streams, or future ADU conversion. The property is located near Belmont Shore, Alamitos Bay, and the Pacific coastline, in one of Long Beach’s seaside neighborhoods. The property has a bike score of 68, making it bikeable, a walk score of 84, making it very walkable, and a transit score of 30, indicating some transit options.
Key Highlights
- Prime coastal location on the Long Beach Peninsula, moments from the beach.
- 16‑unit multi‑residential property with a diverse unit mix including one‑bedroom, loft studios, classic studios, and an Airbnb unit.
- Six private garages offer resident convenience and potential for reconfiguration/ADU conversion.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
973
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 16-unit multi-residential property near the beach in Long Beach.
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 $5,500,000.
What are key features of this property?
This property features: Prime coastal location on the Long Beach Peninsula, moments from the beach.; 16‑unit multi‑residential property with a diverse unit mix including one‑bedroom, loft studios, classic studios, and an Airbnb unit.; Six private garages offer resident convenience and potential for reconfiguration/ADU conversion.
