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5239 E Ocean Blvd, Long Beach, CA 90803
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5239 E Ocean Blvd Long Beach, CA 90803

$2,500,000 Sold Price as of 05/05/2021
  • 6 Beds
  • 6 Baths
  • 3,470 Sq.Ft.
Sold
$2,500,000 Sold Price as of 05/05/2021 Refinance Your Mortgage
Map preview of 5239 E Ocean Blvd, Long Beach, CA 90803

Property Overview: 5239 E Ocean Blvd Long Beach, CA has 6 bedrooms, 6 bathrooms, 3,470 living square feet and 2,707 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Pride of Ownership, Trophy Property! Located within the highly sought-after community of Belmont Shore, merely footsteps from the sand. 5239 Ocean is a picturesque 1950’s building with expansive ocean views. Assets of this caliber, situated on Ocean Blvd, rarely hit the market! The Building is comprised of Six 1 bedroom x 1 bathroom nicely sized units. Each unit has been Impeccably maintained, three of the six beautifully upgraded to “like new” condition! Along with the finer finishes, mini-split units have also been added. The building is separately metered for gas and electric and has a community laundry. Not only mere steps from the sand but just a short stroll to “2nd street”, which houses most of Long Beaches best fashion stores, restaurants, bars, coffee shops and everything that’s wonderful about Long Beach and Southern California!

Listed by Cameron Jacques | BRE #01852032 | Kinnery's Brokerage House
Co-listed by Corinna York-Rice | BRE #01305624 | Kinnery's Brokerage House
Last checked: 8 minutes ago | Last updated: February 7th, 2024 | Source CRMLS | DOM: 57

Home details

Lot Sq. Ft
2,707
HOA Dues
$0/mo
Year built
1950
Garage
--
Property Type:
Apartment
Status
Sold
MLS#
PW21041669
City
Long Beach
County
Los Angeles
Time on Site
1295 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
  • # of Electric Meters: 7
  • # of Gas Meters: 7
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,400
  • Total Rent: $57,600
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,756
  • Total Rent: $80,521
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.82%
  • Gross Rent Multiplier: 17.37
  • Gross Scheduled Income: $143,916
  • Net Operating Income: $95,386
  • Gross Operating Income: $141,038
  • Vacancy Allowance: $2,878
  • Laundry Income: $2,016
Annual Expense Breakdown
  • Total Operating Expense: $45,652
  • Electric: $0
  • Gas/Fuel: $0
  • Licenses: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Workman's Comp: $0
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 5239 E Ocean Blvd

Interior Features
Cooling Information
  • Has Cooling
  • Dual
Heating Information
  • Has Heating
  • Combination
Laundry Information
  • Has Laundry
  • Community
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate, Tile, Vinyl, Wood
Kitchen Information
  • Has Appliances
  • Gas Oven, Gas Cooktop, Gas Water Heater, Refrigerator
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Flat
  • No Fence
  • None
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Lot Information
  • Lot Features: Rectangular Lot, Walkstreet
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Has View
  • View: Ocean, Panoramic
  • Common Walls: 2+ Common Walls
  • Total # of Units: 6
  • Parcel Number: 7247024026
  • Year Built Source: Assessor
  • Foundation Details: Slab
  • Property is Attached
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Belmont Shore (BSD)
  • Directions: Corner of Ocean & Covina Av.
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Biking, Curbs, Fishing, Park, Watersports, Sidewalks, Street Lights, Suburban
View more facts & features

Local Long Beach Agent

Sale History for 5239 E Ocean Blvd

Last leased for $2,095 on February 6th, 2024

  • February, 2024

  • Feb 6, 2024

    Date

    Leased

    CRMLS: NP24014698

    $2,095

    Price

  • Jan 24, 2024

    Date

    Active

    CRMLS: NP24014698

    $2,095

    Price

  • Listing provided courtesy of CRMLS

    Welcome to your dream beachfront living at 5239 Ocean Blvd, Long Beach, CA! This beautifully appointed rental offers the ultimate coastal lifestyle. Step outside and feel the sand beneath your toes as you're just steps away from the pristine beach, allowing you to indulge in walks, serene sunsets, and the soothing sound of the waves. Featuring 1 bedroom and 1 bathroom, this cozy yet spacious 578 sqft apartment is perfectly designed for comfort and relaxation. The bedroom is a tranquil retreat, and the bathroom is well-appointed with modern amenities. Whether you're a nature enthusiast, a beach lover, or simply seeking a peaceful escape, this rental offers it all. Embrace the California lifestyle and take advantage of the proximity to trendy cafes, restaurants, and shopping destinations. The convenient location also provides easy access to major highways and public transportation, making it ideal for both work and leisure. Don't miss this opportunity to experience the epitome of coastal living at 5239 Ocean Blvd, Long Beach, CA. Act fast, as this gem won't stay on the market for long!

  • November, 2023

  • Nov 1, 2023

    Date

    Expired

    CRMLS: PW23178943

    $1,900

    Price

  • Oct 2, 2023

    Date

    Active

    CRMLS: PW23178943

    $1,900

    Price

  • Listing provided courtesy of CRMLS

    Welcome to your dream beachfront living at 5239 Ocean Blvd, Long Beach, CA! This beautifully appointed rental offers the ultimate coastal lifestyle. Step outside and feel the sand beneath your toes as you're just steps away from the pristine beach, allowing you to indulge in daily walks, serene sunsets, and the soothing sound of the waves. Featuring 1 bedroom and 1 bathroom, this cozy yet spacious 578 sqft apartment is perfectly designed for comfort and relaxation. The bedroom is a tranquil retreat, and the bathroom is well-appointed with modern amenities. Whether you're a nature enthusiast, a beach lover, or simply seeking a peaceful escape, this rental offers it all. Embrace the California lifestyle and take advantage of the proximity to trendy cafes, restaurants, and shopping destinations. The convenient location also provides easy access to major highways and public transportation, making it ideal for both work and leisure. Don't miss this opportunity to experience the epitome of coastal living at 5239 Ocean Blvd, Long Beach, CA. Act fast, as this gem won't stay on the market for long!

  • August, 2023

  • Aug 18, 2023

    Date

    Leased

    CRMLS: PW23144149

    $2,590

    Price

  • Aug 3, 2023

    Date

    Active

    CRMLS: PW23144149

    $2,600

    Price

  • Listing provided courtesy of CRMLS

    Welcome to your dream beachfront living at 5239 Ocean Blvd, Long Beach, CA! This beautifully appointed rental offers the ultimate coastal lifestyle with breathtaking ocean views right from the comfort of your living room. Step outside and feel the sand beneath your toes as you're just steps away from the pristine beach, allowing you to indulge in daily walks, serene sunsets, and the soothing sound of the waves. Featuring 1 bedroom and 1 bathroom, this cozy yet spacious 578 sqft apartment is perfectly designed for comfort and relaxation. The bedroom is a tranquil retreat, and the bathroom is well-appointed with modern amenities. The unit comes fully furnished, ensuring you have everything you need to settle in and start enjoying the coastal living immediately. The tasteful furnishings blend style with comfort, creating a warm and inviting atmosphere. Whether you're a nature enthusiast, a beach lover, or simply seeking a peaceful escape, this rental offers it all. Embrace the California lifestyle and take advantage of the proximity to trendy cafes, restaurants, and shopping destinations. The convenient location also provides easy access to major highways and public transportation, making it ideal for both work and leisure. Don't miss this opportunity to experience the epitome of coastal living at 5239 Ocean Blvd, Long Beach, CA. Contact us now to schedule a viewing and secure your spot in this beachfront paradise. Act fast, as this gem won't stay on the market for long!

  • May, 2021

  • May 5, 2021

    Date

    Sold

    CRMLS: PW21041669

    $2,500,000

    Price

  • May 5, 2021

    Date

    Price Change

    CRMLS: PW21041669

    $2,500,000

    Price

  • Apr 29, 2021

    Date

    Active Under Contract

    CRMLS: PW21041669

    $2,795,000

    Price

  • Apr 16, 2021

    Date

    Price Change

    CRMLS: PW21041669

    $2,795,000

    Price

  • Apr 14, 2021

    Date

    Active

    CRMLS: PW21041669

    $2,895,000

    Price

  • Apr 7, 2021

    Date

    Active Under Contract

    CRMLS: PW21041669

    $2,895,000

    Price

  • Mar 17, 2021

    Date

    Price Change

    CRMLS: PW21041669

    $2,895,000

    Price

  • Mar 3, 2021

    Date

    Active

    CRMLS: PW21041669

    $2,995,000

    Price

  • February, 2021

  • Feb 18, 2021

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 5239 E Ocean Blvd

Assessed Value (2020): $164,616
Year Land Value Improved Value Assessed Value
2020 $91,434 $73,182 $164,616

Home Value Compared to the Market

This property vs the competition

5239 E Ocean Blvd sold on May 5, 2021 for 205.25% higher than the current median sold price for the city of Long Beach which is $819,000. The median sold price per/sqft for Long Beach is $628 and this home is sold at $720.46 per/sqft which puts the price per square foot 14.72% higher than the current median sale per square foot for the city of Long Beach.

About 5239 E Ocean Blvd

Detailed summary of property

5239 E Ocean Blvd is a apartment that recently sold in Long Beach, CA 90803. This apartment offered 6 bedrooms, 6 bathrooms, roughly 3,470 living square feet, and sits on an approximately 2,707 square foot lot. 5239 E Ocean Blvd was first listed on ArdentRealEstateGroup.com on March 4, 2021. The homeowner sold the property for $2,500,000. Home in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 205.25% higher than the current median priced home. Local homes that are currently for sale include 245 Temple Ave, 1102 Termino Ave and 4016 E Wilton. While the average home in Long Beach, CA is selling in 62 days, 5239 E Ocean Blvd has a days on market of 57 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 5239 E Ocean Blvd Long Beach, CA 90803 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 5239 E Ocean Blvd

Public county record property details
Beds
6
Baths
6
Year built
1950
Sq. Ft.
3,470
Lot Size
2,706
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
30
APN
7247-024-026

The source for these homes facts are from public records.

90803 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,595,000
Median List Price/Sq.Ft.
$824
Median Sold Price
$1,000,000
Median Sold Price/Sq.Ft.
$755
Total Inventory
128
Median Sale to List Price %
100.2%
Avg Days on Market
29
Loan Type
Conventional (29.63%), FHA (0%), VA (3.7%), Cash (37.04%), Other (29.63%)

Thinking of Selling?

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Thinking of Selling?
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(714) 706-1823

Homes for Sale Near 5239 E Ocean Blvd

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Recently Sold Homes Near 5239 E Ocean Blvd

1 Covina Ave, Long Beach, CA 90803
$2,600,000 Last Sold Price
6 Beds
4 Baths
2864 Sq.Ft.
1 Covina Ave
Long Beach, CA 90803
5229 E Ocean Blvd, Long Beach, CA 90803
$1,400,000 Last Sold Price
3 Beds
2 Baths
1889 Sq.Ft.
5229 E Ocean Blvd
Long Beach, CA 90803
5225 E Ocean Blvd, Long Beach, CA 90803
$2,600,000 Last Sold Price
4 Beds
6 Baths
4252 Sq.Ft.
5225 E Ocean Blvd
Long Beach, CA 90803
28 Corona Ave, Long Beach, CA 90803
$1,850,000 Last Sold Price
4 Beds
4 Baths
0 Sq.Ft.
28 Corona Ave
Long Beach, CA 90803

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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