5901 E Ocean Boulevard

Long Beach, CA 90803
Property listed by Marcus & Millichap, Kevin King [email protected]
$6,100,000
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, oneRead MoreRead Less
Listing Snapshot
Days Online
175
Last Updated
Property Type
Apartment
Lot Size
0.16 Acres
Year Built
1948
MLS Number
PW25131179
Property Location Map
Additional Details
Building
Built in 1948, 2 buildings, 2 stories, Levels: Two, Entry level: 1, Entry location: 1
Community
Biking, Curbs
Expenses
Electric: $3,125, Fuel: $3,125, Insurance: $10,000, Maintenance: $10,556, Operating: $130,488, Trash: $3,125, Water/Sewer: $3,125, Other Expense: $4,800
Garage
6 spaces
Income
Gross Income: $409,553, Gross ScheduledIncome: $421,020, Net Operating Income: $279,065
Laundry
CommonArea
Lot
0.1634 acres, SixteenToTwentyUnitsAcre
Parking
6 total parking spaces
Pool
None
Sewer
PublicSewer
Taxes
Additional parcels description:, Parcel Number: 7245019030, Tax Block: 8, Lot: 15, Zoning: LBR2I
Utilities
Water Source: Public, 16 separate electric meters, 5 separate gas meters, 2 separate water meters
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.