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5914 E Ocean Blvd, Long Beach, CA 90803
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5914 E Ocean Blvd Long Beach, CA 90803

$1,650,000 Sold Price as of 05/17/2021
  • 4 Beds
  • 4 Baths
  • 2,300 Sq.Ft.
Sold
$1,650,000 Sold Price as of 05/17/2021 Refinance Your Mortgage
Map preview of 5914 E Ocean Blvd, Long Beach, CA 90803

Property Overview: 5914 E Ocean Blvd Long Beach, CA has 4 bedrooms, 4 bathrooms, 2,300 living square feet and 2,439 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Blair Newman | BRE #01459316 | Berkshire Hathaway H.S.C.P.
Last checked: 2 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 51

Home details

Lot Sq. Ft
2,439
HOA Dues
$0/mo
Year built
1953
Garage
1 Car
Property Type:
Fourplex
Status
Sold
MLS#
PW21035869
City
Long Beach
County
Los Angeles
Time on Site
1169 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 3
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # 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: $1,750
  • Total Rent: $1,750
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $1,695
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,695
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,250
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4%
  • Gross Rent Multiplier: 21
  • Gross Scheduled Income: $81,600
  • Net Operating Income: $70,684
  • Gross Operating Income: $79,152
Annual Expense Breakdown
  • Total Operating Expense: $10,916
  • Licenses: $229
  • New Taxes: $21,000
  • Trash: $437
  • Insurance: $1,610
  • Maintenance: $7,981
  • Water/Sewer: $437

Virtual Tour

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Property Details for 5914 E Ocean Blvd

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Laminate, Tile, Wood
Interior Features
  • Beamed Ceilings
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Composition
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 1
  • Has Parking
  • Parking Features: Assigned, Garage - Single Door
Lot Information
  • Lot Features: Corner Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Peek-A-Boo
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 7245018018
  • Year Built Source: Assessor
  • Architectural Style: Bungalow
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Sewer Paid
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Peninsula (PI)
  • Directions: Head east on Ocean Blvd from Bayshore Ave. Units will be on your Right at 60th St.
Neighborhood Information
  • Community Features: Biking, Watersports, Sidewalks, Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 5914 E Ocean Blvd

Last sold for $1,650,000 on May 17th, 2021

  • June, 2021

  • Jun 18, 2021

    Date

    Canceled

    CRMLS: PW21113108

    $2,200

    Price

  • Jun 15, 2021

    Date

    Withdrawn

    CRMLS: PW21113108

    $2,200

    Price

  • May 26, 2021

    Date

    Active

    CRMLS: PW21113108

    $2,200

    Price

  • Listing provided courtesy of CRMLS

    A cozy little walk away from the beach on the Peninsula. Perfect for the busy work from home surfer, or the travel all the time kind of person or even a couple. Beautiful unit, attached garage, and shower. Cozy little fireplace in the living room for cold breezy nights on Peninsula. Water, Trash, Sewer included. 1 Bedroom, 1 Bath. with living room and adorable kitchen. Community Laundry will be added.

  • May, 2021

  • May 17, 2021

    Date

    Sold

    CRMLS: PW21035869

    $1,650,000

    Price

  • Apr 28, 2021

    Date

    Pending

    CRMLS: PW21035869

    $1,675,000

    Price

  • Apr 13, 2021

    Date

    Price Change

    CRMLS: PW21035869

    $1,675,000

    Price

  • Mar 16, 2021

    Date

    Active

    CRMLS: PW21035869

    $1,750,000

    Price

  • Mar 5, 2021

    Date

    Pending

    CRMLS: PW21035869

    $1,750,000

    Price

  • Feb 22, 2021

    Date

    Active

    CRMLS: PW21035869

    $1,750,000

    Price

  • Feb 21, 2021

    Date

    Coming Soon

    CRMLS: PW21035869

    $1,750,000

    Price

Show More

Tax History for 5914 E Ocean Blvd

Assessed Value (2020): $143,043
Year Land Value Improved Value Assessed Value
2020 $102,871 $40,172 $143,043

Home Value Compared to the Market

This property vs the competition

5914 E Ocean Blvd sold on May 17, 2021 for 109.38% 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 $728.26 per/sqft which puts the price per square foot 15.23% higher than the current median sale per square foot for the city of Long Beach.

About 5914 E Ocean Blvd

Detailed summary of property

5914 E Ocean Blvd is a fourplex that recently sold in Long Beach, CA 90803. This fourplex offered 4 bedrooms, 4 bathrooms, roughly 2,300 living square feet, and sits on an approximately 2,439 square foot lot. 5914 E Ocean Blvd was first listed on ArdentRealEstateGroup.com on February 21, 2021. The homeowner sold the property for $1,650,000. 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 109.38% higher than the current median priced home. Local homes that are currently for sale include 1717 Temple Ave, 1717 Temple Ave and 1216 E Florida St. While the average home in Long Beach, CA is selling in 54 days, 5914 E Ocean Blvd has a days on market of 51 days. There are currently 610 homes for sale in the Long Beach real estate market and 349 of them are single family homes while 248 of them are condos and 13 are townhomes. For more information on this home for sale at 5914 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 5914 E Ocean Blvd

Public county record property details
Beds
4
Baths
4
Year built
1953
Sq. Ft.
2,300
Lot Size
2,438
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
7245-018-018

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
$1,400,000
Median List Price/Sq.Ft.
$838
Median Sold Price
$1,600,000
Median Sold Price/Sq.Ft.
$672
Total Inventory
100
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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Thinking of Selling?
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(714) 706-1823

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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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