$4,575,000
$100K PRICE DROP

Estimated payment $28,183/month

Total Views 11,827
5 Beds
5 Baths
3,686 Sq Ft
$1,241 Price per Sq Ft

Highlights

  • Ocean View
  • No HOA
  • Laundry Room
  • Dual Staircase
  • Balcony
  • Central Heating and Cooling System

About This Home

Positioned directly on the sand at a premier corner location, this exceptional oceanfront property offers a rare combination of architectural sophistication, flexibility, and future upside. Currently configured as two expansive residences, a three bedroom lower home and a two bedroom plus den/office upper home, the property may also be reimagined as one grand single family beachfront estate. This home currently holds a short term rental permit with the city of Long Beach! Between 2021 and 2024, the building underwent a comprehensive transformation, with nearly every major system upgraded or replaced. Improvements include a new roof, replastered exterior, upgraded electrical and plumbing, new windows and doors, a newly constructed oceanfront balcony, and a striking glass pneumatic elevator showcasing coastal views. Interiors reflect a refined international aesthetic, elevated by imported finishes and bespoke design elements. A SMEG gas range, custom fabricated hoods, marble fireplace surrounds, a built-in Thermador refrigerator, floor to ceiling wine display, Toto electronic water closet, and integrated microwave drawers define the living spaces. Kitchens are designed for entertaining, featuring a 22 foot counter in the lower residence and a 15 foot island with vegetable sink in the upper residence. Outdoor living is equally compelling, highlighted by an ocean view entertaining terrace with an 18 by 13 foot porcelain clad kitchen with quartz countertops, along with a custom outdoor shower accented by an original hand painted surfboard. A refined entry lobby connects both residences and the elevator, while a fully finished two car garage provides a rare and valuable amenity in this beachfront enclave. With Long Beach selected to host multiple events during the 2028 Summer Olympics, and the region welcoming the upcoming World Cup and Super Bowl, the property presents a compelling opportunity for luxury short term rental demand and long term value appreciation, whether enjoyed as a private coastal compound or a high end income producing asset.

Listing Agent

Cheyenne Alred

Pacific Sotheby's Int'l Realty Brokerage Email: cheyenne@stanfieldrealestate.com License #01946624 Listed on: 07/07/2026

Pacific Sotheby's Int'l Realty

Co-Listing Agent

Sean Stanfield

Pacific Sotheby's Int'l Realty Brokerage Email: cheyenne@stanfieldrealestate.com License #01024996

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 3,927 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 3,686 Sq Ft Home
  • 2-Story Property
  • Dual Staircase
  • Living Room with Fireplace
  • Ocean Views

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Additional Features

  • Balcony
  • Suburban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 1 / 24
  • Tax Tract Number 5500
  • Assessor Parcel Number 7245029015
  • $682 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Peninsula Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

3,927 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Subdivision Name Other: Peninsula (PI)
  • View: Yes
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7245029015
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, 2 Staircases
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 1241.18

Exterior Features

  • View: Ocean
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside, Individual Room, In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 3927.00
  • Lot Size Acres: 0.0902

Multi Family

  • Lot Size Area: 3927.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Block: 24
  • Tax Lot: 1
  • Tax Tract Number: 5500
  • TaxOtherAnnualAssessmentAmount: 682.00

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $36,742 $2,841,384 $2,164,864 $676,520
2024 $35,169 $2,785,671 $2,122,416 $663,255
2023 $34,592 $2,731,050 $2,080,800 $650,250
2022 $32,433 $2,677,500 $2,040,000 $637,500
2021 $31,822 $2,625,000 $2,000,000 $625,000
2020 $14,803 $1,187,156 $815,845 $371,311
2019 $14,631 $1,163,880 $799,849 $364,031
2018 $14,227 $1,141,060 $784,166 $356,894
2016 $13,071 $1,096,754 $753,717 $343,037
2015 $12,539 $1,080,281 $742,396 $337,885
2014 $12,441 $1,059,121 $727,854 $331,267
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/28/2026 07/28/26 Price Changed $4,575,000 -2.1% $1,241 / Sq Ft
07/07/2026 07/07/26 For Sale $4,675,000 -- $1,268 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Grant Deed $2,625,000 Ticor Title
Interfamily Deed Transfer -- First American Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $1,968,750 New Conventional
Previous Owner $1,410,400 New Conventional
Previous Owner $250,000 Credit Line Revolving
Previous Owner $150,000 Credit Line Revolving
Previous Owner $1,500,000 Negative Amortization
Previous Owner $1,162,500 Unknown
Previous Owner $1,000,000 Unknown
Previous Owner $866,000 Unknown
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC26147265

California Regional Multiple Listing Service (CRMLS)

APN: 7245-029-015

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