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5901 Ocean Boulevard, Long Beach, CA 90803
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5901 Ocean Boulevard
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  • MLS#: PW25131179 ( Apartment )
  • Street Address: 5901 Ocean Boulevard
  • Viewed: 6
  • Price: $6,745,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1948
  • Bldg sqft: 0
  • Days On Market: 17
  • Additional Information
  • County: LOS ANGELES
  • City: Long Beach
  • Zipcode: 90803
  • Subdivision: Peninsula (pi)
  • Provided by: Marcus & Millichap
  • Contact: Kevin Kevin
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    We are pleased to present a 16 unit multifamily property located on the Peninsula in Long Beach, CA 90803. Built in 1923 & 1948, the subject property consists of 6,748 rentable square feet spread throughout a 7,119 square foot lot. The building consists of six 1 bedroom / 1 bathroom units, one 1 bedroom / 1 bathroom unit, three loft studios, five studios, and one bachelor unit. It contains six garages providing essential parking and flexible future income / ADU opportunities. Two Contiguous Parcels on Three Lots Operating as One Property (11 Units and 4+1 Units), Providing Flexible Entry and Exit Strategies.
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Features
Additional Parcels Description
  1. 7245019031
Building Area Total
  1. 6748.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 1 Common Wall
Country
  1. US
Electric Expense
  1. 3125.00
Fuel Expense
  1. 3125.00
Garage Spaces
  1. 6.00
Insurance Expense
  1. 10500.00
Laundry Features
  1. Community
Laundry Income
  1. 4800.00
Levels
  1. Two
Lot Features
  1. 16-20 Units/Acre
Netoperatingincome
  1. 280289.00
Newtaxesexpense
  1. 84313.00
Number Of Separate Electric Meters
  1. 16
Otherexpense
  1. 4800.00
Otherexpensedescription
  1. Misc /Co
Parcel Number
  1. 7245019030
Pool Features
  1. None
Professionalmanagementexpense
  1. 16801.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 440702860:CRM
Subdivision Name Other
  1. Peninsula (PI)
Totalactualrent
  1. 421020.00
Totalexpenses
  1. 139740.00
Trash Expense
  1. 3125.00
Water Sewer Expense
  1. 3125.00
Water Source
  1. Public
Year Built
  1. 1948
Year Built Source
  1. Assessor
Zoning
  1. LBR2I