5901 E Ocean Blvd Long Beach, CA 90803
Peninsula NeighborhoodEstimated payment $33,160/month
Highlights
- 0.16 Acre Lot
- Laundry Room
- Bike Trail
- Naples Bayside Academy Rated A
About This Home
We are pleased to present a 16-unit multifamily property located on the Peninsula in Long Beach, CA 90803. Built in 1923 & 1948, the subject property consists of 6,748 rentable square feet spread throughout a 7,119 square foot lot. The building consists of six 1-bedroom / 1 bathroom units, one 1-bedroom / 1-bathroom loft unit, three loft studios, five studios, and one bachelor unit. It contains six garages providing essential parking and flexible future income / ADU opportunities. Two Contiguous Parcels on Three Lots Operating as One Property (11 Units and 4+1 Units), Providing Flexible Entry and Exit Strategies.
Listing Agent
Marcus & Millichap Brokerage Email: kking@marcusmillichap.com License #01158184 Listed on: 06/11/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1948
Lot Details
- 7,119 Sq Ft Lot
- 1 Common Wall
- Density is 16-20 Units/Acre
- 7245019031
Parking
- 6 Car Garage
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 6,748 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 2 Bedrooms
- 4 Bathrooms
Listing and Financial Details
- Legal Lot and Block 15 / 8
- Tax Tract Number 5775
- Assessor Parcel Number 7245019030
- $1,729 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 16 Units
- Peninsula Subdivision
Amenities
- Laundry Facilities
Recreation
- Bike Trail
Building Details
- Rent Control
- 16 Separate Electric Meters
- 5 Separate Gas Meters
- 2 Separate Water Meters
- Electric Expense $3,125
- Fuel Expense $3,125
- Insurance Expense $10,000
- Maintenance Expense $10,556
- Other Expense $4,800
- Professional Management Expense $16,382
- Trash Expense $3,125
- Water Sewer Expense $3,125
- New Taxes Expense $76,250
- Operating Expense $130,488
- Gross Income $409,553
- Net Operating Income $279,065
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 | $15,536 | $1,129,665 | $791,541 | $338,124 |
| 2024 | $15,536 | $1,107,516 | $776,021 | $331,495 |
| 2023 | $15,251 | $1,085,801 | $760,805 | $324,996 |
| 2022 | $14,334 | $1,064,512 | $745,888 | $318,624 |
| 2021 | $14,014 | $1,043,640 | $731,263 | $312,377 |
| 2019 | $13,812 | $1,013,666 | $709,574 | $304,092 |
| 2018 | $13,459 | $993,810 | $695,661 | $298,149 |
| 2016 | $12,401 | $954,280 | $668,649 | $285,631 |
| 2015 | $11,922 | $939,947 | $658,606 | $281,341 |
| 2014 | $11,886 | $921,535 | $645,705 | $275,830 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/04/2025 12/04/25 | For Sale | $6,100,000 | 0.0% | $904 / Sq Ft |
| 12/03/2025 12/03/25 | Off Market | $6,100,000 | -- | -- |
| 10/30/2025 10/30/25 | Price Changed | $6,100,000 | -2.4% | $904 / Sq Ft |
| 08/26/2025 08/26/25 | Price Changed | $6,250,000 | -3.8% | $926 / Sq Ft |
| 07/15/2025 07/15/25 | Price Changed | $6,495,000 | -3.7% | $963 / Sq Ft |
| 06/11/2025 06/11/25 | For Sale | $6,745,000 | -- | $1,000 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25131179
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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