5914 E Ocean Boulevard, Long Beach, CA 90803

$1,750,000
2,300
SqFt
List Price
$1,750,000
Status
ACTIVE
MLS#
PW21035869
Year Built
1953
Living Sq. Ft
2,300
Lot Size
2,439
Acres
0.056
Lot Location
Corner Lot
Days on Market
11
Property Type
Multifamily
Style
Bungalow
Property Sub Type
Quadruplex
Stories
Two Levels
Builders Tract Code
Peninsula (PI)
Neighborhood
Peninsula (Pi)

Property 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 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.

Additional Information

Tract Number
5500
Lot Description
Biking, Watersports, Sidewalks, Street Lights
Pool Description
None
Fireplace Description
Living Room
Heat
Wall Furnace
Cooling Description
None
View
Peek-A-Boo
Exterior Construction
Stucco
Roof
Composition
Garage Spaces Total
1
Sewer
Sewer Paid
Water
Public
Attached Structure
Detached
Number Of Units Total
4
Gross Scheduled Income
$81,600
Operating Expense
10916
Unit One Total Units
1
Unit One Beds
1
Unit One Baths
1
Unit One Garage Spaces
1.00
Unit One Actual Rent
1750.00
Unit One Total Rent
1750.00
Unit One Pro Forma
1900
Unit One Furnished
Unfurnished
Unit Two Total Units
1
Unit Two Beds
1
Unit Two Baths
1
Unit Two Garage Spaces
1.00
Unit Two Actual Rent
1300.00
Unit Two Total Rent
1300.00
Unit Two Pro Forma
1695
Unit Two Furnished
Unfurnished
Unit Three Total Units
1
Unit Three Beds
1
Unit Three Baths
1
Unit Three Garage Spaces
1.00
Unit Three Pro Forma
1695
Unit Three Furnished
Unfurnished
Unit Four Total Units
1
Unit Four Beds
1
Unit Four Baths
1
Unit Four Garage Spaces
1.00
Unit Four Actual Rent
2100.00
Unit Four Total Rent
2100.00
Unit Four Pro Forma
2250
Unit Four Furnished
Unfurnished

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Blair Newman from Berkshire Hathaway H.S.C.P.

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.