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5583 E Ocean Blvd, Long Beach, CA 90803
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5583 E Ocean Blvd Long Beach, CA 90803

$1,150,000 Sold Price as of 11/22/2022
  • 2 Beds
  • 1.75 Baths
  • 1,071 Sq.Ft.
Sold
$1,150,000 Sold Price as of 11/22/2022 Refinance Your Mortgage
Map preview of 5583 E Ocean Blvd, Long Beach, CA 90803

Property Overview: 5583 E Ocean Blvd Long Beach, CA has 2 bedrooms, 1.75 bathrooms, 1,071 living square feet and 1,256 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: First time on the market since 1968. Iconic Ocean Boulevard Duplex on The Peninsula with third floor "Crows Nest". Downstairs unit is a one bedroom one bath, very clean with open living room. Upstairs unit, one bedroom, one bath with flex room that is currently being used as an office. Property has a one car garage currently rented to the upstairs unit.

Listed by Andrew Carter | BRE #01907002 | Fiv Realty Co
Co-listed by Jon Zentgraf | BRE #01250082 | Fiv Realty Co
Last checked: 15 minutes ago | Last updated: January 10th, 2024 | Source CRMLS | DOM: 124

Home details

Lot Sq. Ft
1,256
HOA Dues
$0/mo
Year built
1947
Garage
1 Car
Property Type:
Duplex
Status
Sold
MLS#
PW22078123
City
Long Beach
County
Los Angeles
Time on Site
761 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,115
  • Total Rent: $2,117
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,574
  • Total Rent: $1,574
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $44,292
  • Net Operating Income: $37,648
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $6,644
  • Trash: $1,500
  • Insurance: $2,400
  • Water/Sewer: $2,400

Property Details for 5583 E Ocean Blvd

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • See Remarks
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 1
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Bay, Ocean
  • Common Walls: 1 Common Wall
  • Total # of Units: 2
  • Parcel Number: 7245016009
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Peninsula (PI)
  • Directions: Bay Side of Ocean
Neighborhood Information
  • Community Features: Biking, Fishing, Watersports, Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 5583 E Ocean Blvd

Last sold for $1,150,000 on November 22nd, 2022

  • April, 2022

  • Apr 18, 2022

    Date

    Active

    CRMLS: PW22078123

    $1,199,000

    Price

  • November, 2019

  • Nov 21, 2019

    Date

    Leased

    CRMLS: PW19238919

    $1,450

    Price

  • Oct 10, 2019

    Date

    Active

    CRMLS: PW19238919

    $1,450

    Price

  • Listing provided courtesy of CRMLS

    Adorable first floor apartment in Long Beach. This one bedroom unit has ceiling fans in the living room and bedroom. The small kitchen has lots of storage and a small "breakfast bar". The beach is in walking distance. It's also close to the Naples and Belmont Shore area of Long Beach. There's a laundromat down the street. SORRY NO PETS.

  • September, 2018

  • Sep 27, 2018

    Date

    Leased

    CRMLS: PW18142369

    $1,950

    Price

  • Aug 2, 2018

    Date

    Price Change

    CRMLS: PW18142369

    $1,950

    Price

  • Jul 16, 2018

    Date

    Price Change

    CRMLS: PW18142369

    $2,000

    Price

  • Jun 14, 2018

    Date

    Active

    CRMLS: PW18142369

    $2,100

    Price

  • Listing provided courtesy of CRMLS

    Just in time for summer! Adorable second floor apartment in Long Beach with a view of the ocean, from the small loft. This one bedroom, 1 bath (shower only) apartment has a living room with windows facing the ocean that let in the natural light and cool breeze. There is newer wood laminate flooring in the living room and bedroom . The small loft area above the apartment has four “walls” of windows which offers a 360 degree view of Long Beach and the Ocean. It is carpeted as are the stairs leading to it. The kitchen has an electric stove, a built in dishwasher and a refrigerator. There are washer/dryer hookups in the one car garage downstairs. This apartment has been freshly painted and is close to the Naples and Belmont shore area of Long Beach.

  • October, 2016

  • Oct 26, 2016

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 5583 E Ocean Blvd

Assessed Value (2020): $74,141
Year Land Value Improved Value Assessed Value
2020 $51,981 $22,160 $74,141

Home Value Compared to the Market

This property vs the competition

5583 E Ocean Blvd sold on November 22, 2022 for 49.88% higher than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $1119.51 per/sqft which puts the price per square foot 77.14% higher than the current median sale per square foot for the city of Long Beach.

About 5583 E Ocean Blvd

Detailed summary of property

5583 E Ocean Blvd is a duplex that recently sold in Long Beach, CA 90803. This duplex offered 2 bedrooms, 1.75 bathrooms, roughly 1,071 living square feet, and sits on an approximately 1,256 square foot lot. 5583 E Ocean Blvd was first listed on ArdentRealEstateGroup.com on April 18, 2022. The homeowner sold the property for $1,150,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 49.88% higher than the current median priced home. Local homes that are currently for sale include 1125 E 17th St, 1967 Atlantic Ave and 702 Cedar Ave. While the average home in Long Beach, CA is selling in 51 days, 5583 E Ocean Blvd has a days on market of 124 days. There are currently 639 homes for sale in the Long Beach real estate market and 366 of them are single family homes while 259 of them are condos and 14 are townhomes. For more information on this home for sale at 5583 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 5583 E Ocean Blvd

Public county record property details
Beds
--
Baths
--
Year built
1947
Sq. Ft.
1,071
Lot Size
1,255
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
10
APN
7245-016-009

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
$1,589,000
Median List Price/Sq.Ft.
$858
Median Sold Price
$1,600,000
Median Sold Price/Sq.Ft.
$672
Total Inventory
114
Median Sale to List Price %
100%
Avg Days on Market
57
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (43.75%), Other (6.25%)

Thinking of Selling?

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Recently Sold Homes Near 5583 E Ocean Blvd

5586 E Ocean Blvd, 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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