5901 E Ocean Boulevard,Long Beach, CA 90803
Long Beach, CA 90803
Description
Introducing a rare coastal investment opportunity along the highly coveted Peninsula of Long Beach, an irreplaceable 16 unit multi-residential offering defined by character, location, and long-term upside. Originally crafted in the early 20th century with thoughtful expansions mid-century, this charming collection of residences blends vintage architectural appeal with enduring income potential. Set on a prime coastal parcel just moments from the sand, the property encompasses approximately 6,700+ square feet of rentable living space across a well-utilized lot exceeding 7,100 square feet. The unit mix is both diverse and strategically appealing, featuring a curated combination of one-bedroom residences, airy loft-style studios, classic studios, and one unit currently utilized for airbnb, each offering unique layouts that cater to a wide tenant demographic drawn to the Peninsula lifestyle. Enhancing both convenience and value, the property includes six private garages, an exceptional amenity in this beachside enclave, presenting not only immediate value for residents but also compelling potential for reconfiguration, additional income streams, or future ADU conversion (buyer to verify). Surrounded by the vibrant energy of Belmont Shore, Alamitos Bay, and the Pacific coastline, this asset represents a sophisticated blend of coastal charm, architectural legacy, and forward-looking investment potential in one of Long Beach’s most tightly held seaside neighborhoods.
Details
| MLS # | RS26083044 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1948 |
| Days On Site | 138 |
| Listing Provided By | Fiv Realty Co | Andrew Carter |
Features
| SQ Feet | 6,748 |
|---|---|
| Garage | 6 |
| Story(s) | 2 |
| Units | 16 |
| Building(s) | 2 |
| Acreage | 0.16 |
Exterior
| Lot Features | Sixteen To Twenty Units Acre |
|---|
Parking
| Garage Yes / No | Yes |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Suburban |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90803 |
| Area | 1 Belmont Shore | Park | Naples | Marina Pac | Bay Hrbr |
| Community Name | Peninsula (PI) |
| Listing VS Median (in Peninsula (PI)) | |
Price: $5,500,000 low | high Med: $2,595,000 sqft: 6,748 low | high Med: 2,978 $ / sqft: $815 low | high Med: $871 On site: 138 low | high Med: 178 | |
Market Activity 90803
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90803 |
| Area | 1 Belmont Shore | Park | Naples | Marina Pac | Bay Hrbr |
| Community Name | Peninsula (PI) |
| Listing VS Median (in Peninsula (PI)) | |
Price: $5,500,000 low | high Med: $2,595,000 sqft: 6,748 low | high Med: 2,978 $ / sqft: $815 low | high Med: $871 On site: 138 low | high Med: 178 | |