5914 East Ocean Boulevard

5914 East Ocean Boulevard

Long Beach, CA 90803

$1,650,000
Last Sold Price
4
Beds
4
Baths
2,300 Sq. Ft.
$717 / Sq. Ft.
2,300
Sq. Ft.
$717
per Sq. Ft.

Closed 5/17/21

Closed 5/17/21

On The Peninsula! This 4 Unit, Multi-Family, Income Producing Property Is Steps From The Beach.
On The Peninsula! This 4 Unit, Multi-Family, Income Producing Property Is Steps From The Beach.
On The Peninsula! This 4 Unit, Multi-Family, Income Producing Property Is Steps From The Beach.
On The Peninsula! This 4 Unit, Multi-Family, Income Producing Property Is Steps From The Beach.
On The Peninsula! This 4 Unit, Multi-Family, Income Producing Property Is Steps From The Beach.
On The Peninsula! This 4 Unit, Multi-Family, Income Producing Property Is Steps From The Beach.
Unit 5914: OCCUPIED 1 Bed/1 Bath, approx 550 sq/ft, $1,750/mo Rent. $1,900/mo projected rent.
Unit 5914: OCCUPIED 1 Bed/1 Bath, approx 550 sq/ft, $1,750/mo Rent. $1,900/mo projected rent.
Unit 5914: OCCUPIED 1 Bed/1 Bath, approx 550 sq/ft, $1,750/mo Rent. $1,900/mo projected rent.
Unit 5914: OCCUPIED 1 Bed/1 Bath, approx 550 sq/ft, $1,750/mo Rent. $1,900/mo projected rent.
Unit 5914: OCCUPIED 1 Bed/1 Bath, approx 550 sq/ft, $1,750/mo Rent. $1,900/mo projected rent.
Unit 5914: OCCUPIED 1 Bed/1 Bath, approx 550 sq/ft, $1,750/mo Rent. $1,900/mo projected rent.
Unit 5916: OCCUPIED 1 Bed/1 Bath, approx 450 sq/ft, $1,300/mo Rent. $1,695/mo projected rent.
Unit 5916: OCCUPIED 1 Bed/1 Bath, approx 450 sq/ft, $1,300/mo Rent. $1,695/mo projected rent.
Unit 5916: OCCUPIED 1 Bed/1 Bath, approx 450 sq/ft, $1,300/mo Rent. $1,695/mo projected rent.
Unit 5916: OCCUPIED 1 Bed/1 Bath, approx 450 sq/ft, $1,300/mo Rent. $1,695/mo projected rent.
Unit 5916: OCCUPIED 1 Bed/1 Bath, approx 450 sq/ft, $1,300/mo Rent. $1,695/mo projected rent.
Unit 5920: VACANT 1 Bed/1 Bath, approx 450 sq/ft, $1,695/mo projected rent.
Unit 5920: VACANT 1 Bed/1 Bath, approx 450 sq/ft, $1,695/mo projected rent.
Unit 5920: VACANT 1 Bed/1 Bath, approx 450 sq/ft, $1,695/mo projected rent.
Unit 5920: VACANT 1 Bed/1 Bath, approx 450 sq/ft, $1,695/mo projected rent.
Unit 5920: VACANT 1 Bed/1 Bath, approx 450 sq/ft, $1,695/mo projected rent.
Unit 5920: VACANT 1 Bed/1 Bath, approx 450 sq/ft, $1,695/mo projected rent.
Unit 5920: VACANT 1 Bed/1 Bath, approx 450 sq/ft, $1,695/mo projected rent.
Unit 5920: VACANT 1 Bed/1 Bath, approx 450 sq/ft, $1,695/mo projected rent.
Unit 5922: OCCUPIED 1 Bed/1 Bath, approx 850 sq/ft, $2,100/mo Rent. $2,250/mo projected rent.
Unit 5922: OCCUPIED 1 Bed/1 Bath, approx 850 sq/ft, $2,100/mo Rent. $2,250/mo projected rent.
Unit 5922: OCCUPIED 1 Bed/1 Bath, approx 850 sq/ft, $2,100/mo Rent. $2,250/mo projected rent.
Unit 5922: OCCUPIED 1 Bed/1 Bath, approx 850 sq/ft, $2,100/mo Rent. $2,250/mo projected rent.
Unit 5922: OCCUPIED 1 Bed/1 Bath, approx 850 sq/ft, $2,100/mo Rent. $2,250/mo projected rent.
Unit 5922: OCCUPIED 1 Bed/1 Bath, approx 850 sq/ft, $2,100/mo Rent. $2,250/mo projected rent.
Unit 5922: OCCUPIED 1 Bed/1 Bath, approx 850 sq/ft, $2,100/mo Rent. $2,250/mo projected rent.
Unit 5922: OCCUPIED 1 Bed/1 Bath, approx 850 sq/ft, $2,100/mo Rent. $2,250/mo projected rent.
Common Patio Area Between Units. Perfect for Entertaining and BBQing.
On The Peninsula! This 4 Unit, Multi-Family, Income Producing Property Is Steps From The Beach.
On The Peninsula! This 4 Unit, Multi-Family, Income Producing Property Is Steps From The Beach.
On The Peninsula! This 4 Unit, Multi-Family, Income Producing Property Is Steps From The Beach.

Description

Amazing 4 units located on the Peninsula in Long Beach. Just steps between Alamitos Bay and the Pacific Ocean. You’ll find yourself among some of the most amazing stretches of sand in southern CA with spectacular views of Catalina Island and the lights of downtown. Enjoy all your beach activities, paddle boarding, kayaking while also taking advantage of the bike/jogging paths all the way to downtown Long Beach. You are also just minutes to Belmont Shore with an abundance of quality restaurants and...Amazing 4 units located on the Peninsula in Long Beach. Just steps between Alamitos Bay and the Pacific Ocean. You’ll find yourself among some of the most amazing stretches of sand in southern CA with spectacular views of Catalina Island and the lights of downtown. Enjoy all your beach activities, paddle boarding, kayaking while also taking advantage of the bike/jogging paths all the way to downtown Long Beach. You are also just minutes to Belmont Shore with an abundance of quality restaurants and shopping. This is a fantastic opportunity for an investor/owner occupant. These 4 classic beach bungalow units are all 1 bed/1 bath. Amazing, vaulted wood beamed ceilings in the top units, fireplace in the 2 east units and beach themed paneling throughout. Each unit comes with 1 car garage and gated common area patio to BBQ and entertain. Addresses included are 5914 , 5916, 5920 and 5922 and are all separately metered. Take advantage of this outstanding lifestyle & investment opportunity with endless possibilities! An absolute gem on The Peninsula. The perfect location! Approximate sq/ft per unit: 5914-550 sq/ft, 5916-450 sq/ft, 5920-450 sq/ft, 5922-850 sq/ft.
  1. Listed by Blair Newman • DRE #01459316 • Brokerage DRE #00338699 • Berkshire Hathaway H.S.C.P.

Property Details for 5914 East Ocean Boulevard

Architectural Style
Bungalow
View
Peek-A-Boo
Parking Spaces Total
1
Private Pool
No
Cooling Type
N/K
Total Units
4.0
Building Type
Detached
Lot Size Source
Assessor

Location

Listing Courtesy of Berkshire Hathaway H.S.C.P., Blair Newman, DRE #01459316

Sold By Berkshire Hathaway H.S.C.P., Blair Newman, DRE #01459316

Add your commute
LISTING UPDATED: 05/17/2021 04:24 AM

Property Details for 5914 East Ocean Boulevard

StatusClosed
MLS #PW21035869
Days on Market51
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1953
Lot Size0.06 AC / 2,439 SF
CountyLos Angeles County

Location

Listing Courtesy of Berkshire Hathaway H.S.C.P., Blair Newman, DRE #01459316

Sold By Berkshire Hathaway H.S.C.P., Blair Newman, DRE #01459316

Add your commute

Building Information for 5914 East Ocean Boulevard

Stories2Residences-Year Built1953Building Size-Lot Size0.06 AC / 2,439 SF

Payment Calculator

$10,845 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,005

Property Taxes

$1,840

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5914 East Ocean Boulevard

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $61,800
  • Gross Scheduled Income: $81,600
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $79,152
  • Net Operating Income: $70,684
  • Gross Multiplier: 21.0
  • Cap Rate: 4.0
  • Financing: Owner Carried
Expense Details
  • Operating Expense: $10,916
  • New Taxes Expense: $21,000
  • Licenses Expense: $229
  • Insurance Expense: $1,610
  • Maintenance Expense: $7,981
  • Trash Expense: $437
  • Water Sewer Expense: $437
  • Supplies Expense: $222
  • Total Expenses: $10,916
Tax / Assessment Info
  • Tax Block: 31
  • Tax Tract Number: 5500
  • Tax Census Tract: 5775.04
  • Tax Lot: 8
Community / Development
Community / Development
  • Community Features: Biking, Watersports, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Interior Features: Beamed Ceilings
  • Laundry: No
Exterior Features
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Roof: Composition
  • View Description: Peek-A-Boo
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Corner Lot
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Sewer: Sewer Paid
  • Sewer/Septic: Sewer Connected
  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 1
  • Parking: Yes
  • Parking Garage: Assigned, Garage - 1 Car
  • Parking Garage Spaces: 1
  • Carport Spaces: 0
  • Parking Features: Assigned, Garage - Single Door
Property / Structure Info
  • Builders Tract Name: Peninsula
  • Builders Tract Code: Peninsula (PI)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,750
  • Unit Type Total Rent: $1,750
  • Unit Type Pro Forma: 1900
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,300
  • Unit Type Total Rent: $1,300
  • Unit Type Pro Forma: 1695
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 1695
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,100
  • Unit Type Total Rent: $2,100
  • Unit Type Pro Forma: 2250
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 3
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number With Range: 4
  • Number With Refrigerator: 2

Property History for 5914 East Ocean Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5914 East Ocean Boulevard

Taxable ValueLand$1,144,440Additions$572,740Total$1,717,180
Tax Record2023$22,079 ($1,840 / month)
Home Facts
Total Finished SqFt2,300 SqFtAbove Grade Finished SqFt2,300 SqFtLot Size2,439 SqFtStyleQuadraplexYear Built1953ZoningLBR2ICountyLOS ANGELESAPN7245-018-018

Schools near 5914 East Ocean Boulevard

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Naples Elementary School
Public - K to 5
Rogers Middle School
Public - 6 to 8
Wilson High School
Public - 9 to 12
Eunice Sato Academy Of Math & Science
Public - 9 to 12
Rating
School
Distance
Naples Elementary School
PublicK to 5

Rogers Middle School
Public6 to 8

Wilson High School
Public9 to 12

Eunice Sato Academy Of Math & Science
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkshire Hathaway H.S.C.P., Blair Newman, DRE #01459316

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.