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5331 E Ocean Boulevard, Long Beach, California 90803, Long Beach, 90803 - 4 bed, 3 bath

5331 E Ocean Boulevard, Long Beach, California 90803 home-pic-0
ACTIVE$2,550,000
5331 E Ocean Boulevard, Long Beach, California 90803
4Beds
3Baths
1,884Sqft
2,667Lot

Price Vs. Estimate

The estimated value ($2,419,781.795) is $130,218.205 (5%) lower than the list price ($2,550,000). This property may be overpriced.

Key pros and cons

Top Pros:
Unbeatable Location & Ocean Views: Direct beach access and an elevated position provide gorgeous ocean views, placing the property in a highly desirable and iconic Belmont Shore neighborhood.
Top Cons:
Property Age & Potential Maintenance: Built in 1940, the home's age may necessitate ongoing maintenance or future capital expenditures beyond cosmetic updates.

Compared to the nearby listings

Price:$2.55M vs avg $1.62M (+$925,000)88%
Size:1,884 sqft vs avg 1,884 sqft50%
Price/sqft:$1.4K vs avg $89794%

More Insights

Built in 1940 (85 years old).
Condition: Despite being built in 1940, this property appears to have undergone a comprehensive and very recent renovation. The kitchens feature modern white shaker cabinetry, light countertops, subway tile backsplashes, and stainless steel appliances. The bathrooms are exceptionally modern with high-end finishes, including a freestanding tub, illuminated mirrors, contemporary vanities, and glass-enclosed showers with updated tiling. The consistent light wood-look flooring throughout, recessed lighting, and overall clean aesthetic suggest that all major components are new or virtually new, meeting current quality standards. The exterior also shows excellent curb appeal and maintenance. While the listing mentions 'virtually enhanced photos,' the underlying fixtures and finishes appear genuinely new and high-quality, indicating an extensive renovation within the last 5 years.
Year Built
1940
Close
-
List price
$2.55M
Original List price
$3.55M
Price/Sqft
$1,354
HOA
-
Days on market
-
Sold On
-
MLS number
PW25071133
Home ConditionExcellent
Features
Excellent View: Ocean, Pond
Deck
Patio
ViewOcean, Pond

About this home

With a HUGE price reduction, this is the best opportunity on the market to live in a location that offers both long-term value and once-in-a-lifetime experiences. This elevated beach home features gorgeous ocean views and is just steps to the sand. The upper level offers a bright and breezy 2-bedroom, 2-bath layout, complete with an additional flex space perfect for a home office, workout room, or guest suite—the choice is yours. The heart of the 2nd floor is a stylish kitchen with a central island that opens to a spacious outdoor deck—perfect for entertaining, enjoying ocean breezes, or watching the sun dip below the horizon. The 1bedroom/1bath lower level with separate kitchen could become income or extra space for family. Whether you’re looking for a primary residence, a vacation home, or an investment ahead of the Olympic wave, this home delivers unmatched lifestyle and location. Don’t miss your chance to live in the center of it all—Belmont Shore is already iconic, and it’s only getting better. It has been finalized that Belmont Shore will host 4 Olympic events. Men's and Women's windsurfing and Men's and Women's kite. Could it get any better? Virtually enhanced photos.

Nearby schools

10/10
Naples Elementary School
Public,•K-5•0.4mi
9/10
Lowell Elementary School
Public,•K-5•0.7mi
7/10
Rogers Middle School
Public,•6-8•0.8mi
6/10
Wilson High School
Public,•9-12•1.7mi

Price History

Date
Event
Price
12/29/98
Sold
$465,000
03/04/24
Sold
$2,500,500
06/27/23
Sold
$1,800,000
Condition Rating
Excellent
Despite being built in 1940, this property appears to have undergone a comprehensive and very recent renovation. The kitchens feature modern white shaker cabinetry, light countertops, subway tile backsplashes, and stainless steel appliances. The bathrooms are exceptionally modern with high-end finishes, including a freestanding tub, illuminated mirrors, contemporary vanities, and glass-enclosed showers with updated tiling. The consistent light wood-look flooring throughout, recessed lighting, and overall clean aesthetic suggest that all major components are new or virtually new, meeting current quality standards. The exterior also shows excellent curb appeal and maintenance. While the listing mentions 'virtually enhanced photos,' the underlying fixtures and finishes appear genuinely new and high-quality, indicating an extensive renovation within the last 5 years.
Pros & Cons

Pros

Unbeatable Location & Ocean Views: Direct beach access and an elevated position provide gorgeous ocean views, placing the property in a highly desirable and iconic Belmont Shore neighborhood.
Strong Investment & Lifestyle Opportunity: Positioned in an area slated to host multiple Olympic events, offering significant long-term value appreciation and a vibrant lifestyle.
Income Potential & Flexible Living: Features a separate 1-bedroom/1-bath lower unit with its own kitchen, ideal for rental income, multi-generational living, or additional guest space, complemented by an upper-level flex room.
Modernized Entertaining Spaces: A stylish kitchen with a central island seamlessly connects to a spacious outdoor deck, perfect for entertaining and enjoying the coastal ambiance.
Significant Value Proposition: A substantial price reduction from its original listing price indicates a motivated seller and a potentially attractive entry point into a premium market.

Cons

Property Age & Potential Maintenance: Built in 1940, the home's age may necessitate ongoing maintenance or future capital expenditures beyond cosmetic updates.
Limited Lot Size: The relatively small lot size of 2667 sqft could restrict outdoor living space or future expansion possibilities compared to other properties in this price range.
Marketing Transparency & Price History: The disclosure of 'virtually enhanced photos' raises questions about the property's true current condition, and multiple large price reductions suggest previous overpricing or market resistance.

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