6514 E Ocean Boulevard E, Long Beach, California 90803, Long Beach, 90803 - 0 bed, 0 bath
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Long Beach, California 90803
This Prime Coastal Quadruplex is a high-demand Residential Income asset listed at $2,595,000, reflecting the premium nature of the Long Beach Peninsula. Positioned relative to a $2,373,645 Fair Market Value, the property offers price stability in a supply-constrained market. Featuring a Condition Rating of 3 and proximity to the 10/10 rated Naples Elementary School, the building ensures consistent tenant demand following 2020 interior updates. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to house-hack in a top-tier coastal community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6514 E Ocean Boulevard E Subject | $2,595,000* List Price | 0 | 0 | 2,978 | $797 | - |
A 64 59th Place Active | $2,398,500 List Price | 4 | 4 | 3,002 | $799 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although originally built in 1942, this fourplex is move-in ready and shows evidence of consistent maintenance and strategic upgrades. One unit was fully renovated in 2020 featuring modern shaker-style cabinetry, stone countertops, and stainless steel appliances. Two of the four units have been upgraded with modern mini-split heating and cooling systems. While the remaining units are more dated with wall heaters, the overall property features updated flooring, clean bathrooms, and individually metered electric, placing it firmly in the 'good' category rather than 'fair'.
Elementary School: Naples Elementary School (10/10).
Situated on the exclusive Long Beach Peninsula just steps from both the beach and Alamitos Bay, this property offers an unparalleled lifestyle that ensures high tenant demand and long-term appreciation.
The fourplex features private entrances for every unit and individually metered electric, providing a 'townhome-style' feel for tenants and simplified utility management for the owner.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2978, other record living area = 2928.
With only two single-car garages for four units, the property lacks sufficient off-street parking, which is a significant drawback in the high-density Peninsula neighborhood where street parking is limited.
Only two of the four units are equipped with modern mini-split A/C systems, leaving the remaining units with wall heaters and no cooling, which may impact rental competitiveness and tenant comfort.
1031 EXCHANGE FOURPLEX, located in the highly desirable Peninsula area of Long Beach, just steps from the beach. The building consists of four units: two 1-bedroom/1-bath units located on the second floor, and one 1-bedroom/1-bath unit plus one studio/1 bath on the first floor. Each unit has its own private entrance, separate address (6514, 6516, 6518, and 6520), and electric is individually metered. All units are currently tenant-occupied. Tenants in Units 6514 and 6516 also have use of the two one-car garages. The property is well maintained, with Unit 6514 fully updated in 2020. All tenants share a common laundry room equipped with a newer washer and dryer. Units 6514 and 6520 feature mini-split A/C and heating systems, while Units 6516 and 6518 have wall heaters and no air conditioning. Each unit offers great natural light and has been well cared for. This property presents a fantastic opportunity to own a well-maintained investment building just steps from the beach. Ideally situated between the Pacific Ocean and Alamitos Bay on the highly sought-after Long Beach Peninsula. Enjoy close proximity to the shops, restaurants, and nightlife of Belmont Shore, along with beachside activities including kayaking, paddle boarding, sailing, and scenic biking and running paths leading to downtown and the iconic Queen Mary. Nearby access to the Alamitos Bay Yacht Club and Long Beach Yacht Club enhances the exceptional coastal lifestyle this property offers. ( Pictures are from 2020-2021 , updated pictures will be posted soon )- Subject to 1031 Exchange.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 1.5 mi
Grades 9-12 • 2.5 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 | 2,978 | 2,324 | 75% |
| Lot Size | 2,428 | 3,153 | 21% |
| Price | $2.60M | $1.53M | 88% |
| Price per sq ft | $871 | $760 | 71% |
| Built year | 1942 | 1942 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 45 | 148 | 21% |
Mar 8, 2026
$2,595,000
Initial Listing
Jul 27, 2020
$1,650,000
Public Record
Jul 2, 1999
$540,000
Public Record