
Long Beach, California 90803
Analysis of 5901 E Ocean Boulevard, Long Beach, California 90803 is currently available with a list price of $5,500,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Long Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
While originally built in 1948, the property has been well-maintained and features significant interior updates. The units shown in the images have been modernized with contemporary laminate flooring, shaker-style cabinetry, stone countertops, and stainless steel appliances. The property is move-in ready with updated kitchens and living spaces that meet current market standards, although the exterior structure and overall density reflect its vintage coastal origins.
Elementary School: Naples Elementary School (10/10).
Situated on the prestigious Long Beach Peninsula just steps from the sand and Alamitos Bay, this property occupies one of the most desirable and supply-constrained rental markets in Southern California.
The inclusion of six private garages offers a rare beachside amenity with the strategic opportunity for ADU conversions or reconfiguration to maximize future rental income and property value.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7119, other record lot size in square feet = 4386. Living area discrepancy between mls listing and other public or private record. mls listing living area = 6748, other record living area = 4372.
Originally constructed in 1948, the vintage nature of the asset may require substantial capital expenditures for modernizing mechanical systems and addressing coastal wear and tear.
With only six garages for 16 units, the significant parking shortfall may limit premium rent growth in a high-density neighborhood where street parking is notoriously difficult.
Introducing a rare coastal investment opportunity along the highly coveted Peninsula of Long Beach, an irreplaceable 16 unit multi-residential offering defined by character, location, and long-term upside. Originally crafted in the early 20th century with thoughtful expansions mid-century, this charming collection of residences blends vintage architectural appeal with enduring income potential. Set on a prime coastal parcel just moments from the sand, the property encompasses approximately 6,700+ square feet of rentable living space across a well-utilized lot exceeding 7,100 square feet. The unit mix is both diverse and strategically appealing, featuring a curated combination of one-bedroom residences, airy loft-style studios, classic studios, and one unit currently utilized for airbnb, each offering unique layouts that cater to a wide tenant demographic drawn to the Peninsula lifestyle. Enhancing both convenience and value, the property includes six private garages, an exceptional amenity in this beachside enclave, presenting not only immediate value for residents but also compelling potential for reconfiguration, additional income streams, or future ADU conversion (buyer to verify). Surrounded by the vibrant energy of Belmont Shore, Alamitos Bay, and the Pacific coastline, this asset represents a sophisticated blend of coastal charm, architectural legacy, and forward-looking investment potential in one of Long Beach’s most tightly held seaside neighborhoods.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 6-8 • 1.3 mi
Grades 9-12 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 6,748 | 6,065 | 60% |
| Lot Size | 7,119 | 4,258 | 60% |
| Price | $5.50M | $2.25M | 80% |
| Price per sq ft | $815 | $565 | 80% |
| Built year | 1948 | 1947 | 60% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 205 | 20% |
Apr 17, 2026
$5,500,000
Initial Listing
Sep 9, 1999
$1,150,000
Public Record