6514 E Ocean Blvd Long Beach, CA 90803
Peninsula NeighborhoodEstimated payment $15,230/month
Highlights
- Across the Road from Lake or Ocean
- Corner Lot
- Neighborhood Views
- Naples Bayside Academy Rated A
- No HOA
- 5-minute walk to Alamitos Park
About This Home
Multifamily fourplex located in the highly desirable Peninsula area of Long Beach, just steps from the beach. The building consists of four units: two 1-bedroom/1-bath units located on the second floor, and one 1-bedroom/1-bath unit plus one studio/1 bath on the first floor. Each unit has its own private entrance, separate address (6514, 6516, 6518, and 6520), and electric is individually metered. All units are currently tenant-occupied.
Tenants in Units 6514 and 6516 also have use of the two one-car garages. The property is well maintained, with Unit 6514 fully updated in 2020. All tenants share a common laundry room equipped with a newer washer and dryer. Units 6514 and 6520 feature mini-split A/C and heating systems, while Units 6516 and 6518 have wall heaters and no air conditioning. Each unit offers great natural light and has been well cared for.
This property presents a fantastic opportunity to own a well-maintained investment building just steps from the beach. Ideally situated between the Pacific Ocean and Alamitos Bay on the highly sought-after Long Beach Peninsula. Enjoy close proximity to the shops, restaurants, and nightlife of Belmont Shore, along with beachside activities including kayaking, paddle boarding, sailing, and scenic biking and running paths leading to downtown and the iconic Queen Mary. Nearby access to the Alamitos Bay Yacht Club and Long Beach Yacht Club enhances the exceptional coastal lifestyle this property offers. ( Pictures are from 2020-2021 , updated pictures will be posted soon )- Subject to 1031 Exchange.
Listing Agent
WSR Real Estate Inc. Brokerage Phone: 951-813-9062 License #01864852 Listed on: 03/08/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1942 | Remodeled
Lot Details
- 2,428 Sq Ft Lot
- Two or More Common Walls
- Wood Fence
- Fence is in average condition
- Corner Lot
- Density is 2-5 Units/Acre
Parking
- 2 Car Garage
- Parking Available
Home Design
- Quadruplex
- Entry on the 2nd floor
- Turnkey
- Fire Rated Drywall
- Membrane Roofing
- Wood Siding
- Shingle Siding
Interior Spaces
- 2,978 Sq Ft Home
- 2-Story Property
- Shutters
- Drapes & Rods
- Blinds
- Window Screens
- Neighborhood Views
Kitchen
- Gas Oven
- Gas Range
- Microwave
- Water Line To Refrigerator
- Dishwasher
- Disposal
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Exterior Lighting
- Rain Gutters
Location
- Across the Road from Lake or Ocean
- Property is near public transit
Utilities
- Wall Furnace
- Natural Gas Connected
- Tankless Water Heater
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 10 / 25
- Tax Tract Number 10
- Assessor Parcel Number 7245025010
- $839 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 4 Units
- Peninsula Subdivision
Amenities
- Laundry Facilities
Recreation
- Bike Trail
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $2,499
- Other Expense $1,045
- Professional Management Expense $11,958
- Water Sewer Expense $1,680
- Operating Expense $39,674
- Gross Income $115,980
- Net Operating Income $76,306
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 | $22,495 | $1,786,011 | $1,190,674 | $595,337 |
| 2024 | $22,495 | $1,750,992 | $1,167,328 | $583,664 |
| 2023 | $22,118 | $1,716,660 | $1,144,440 | $572,220 |
| 2022 | $20,745 | $1,683,000 | $1,122,000 | $561,000 |
| 2021 | $20,342 | $1,650,000 | $1,100,000 | $550,000 |
| 2020 | $9,795 | $759,102 | $505,925 | $253,177 |
| 2019 | $9,681 | $744,223 | $496,005 | $248,218 |
| 2018 | $9,430 | $729,636 | $486,280 | $243,356 |
| 2016 | $8,673 | $701,095 | $467,399 | $233,696 |
| 2015 | $8,328 | $690,565 | $460,379 | $230,186 |
| 2014 | $8,280 | $677,038 | $451,361 | $225,677 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/08/2026 03/08/26 | For Sale | $2,595,000 | +57.3% | $871 / Sq Ft | |
| 07/27/2020 07/27/20 | Sold | $1,650,000 | -2.9% | $564 / Sq Ft | View Prior Sale |
| 06/25/2020 06/25/20 | Pending | -- | -- | -- | |
| 06/02/2020 06/02/20 | For Sale | $1,699,000 | -- | $580 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,650,000 | Chicago Title Company | |
| Interfamily Deed Transfer | -- | Security Union Title | |
| Grant Deed | $540,000 | Fidelity Title | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $100,000 | Commercial | |
| Previous Owner | $432,000 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SW26050870
APN: 7245-025-010
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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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