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.
For sale
Listed by: Fiv Realty Co • Andrew Carter • Contact: 562-397-1373
$5,500,000
5901 E Ocean Blvd, Long Beach, CA 90803
7beds
16baths
6,748sqft
Mixed Use
Built in 1948
-- sqft lot
$5,002,500 Zestimate®
$815/sqft
$-- HOA
What's special
- 426 days
- 170
- 3
Zillow last checked:
Listing updated:
Listed by:
Andrew Carter DRE #01907002 562-397-1373,
Fiv Realty Co
Source: CRMLS,MLS#: RS26083044
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 16
Appliances
- Laundry: Common Area
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 6,748
- Total interior livable area: 6,748 sqft
Property
Parking
- Total spaces: 6
- Parking features: Garage
- Garage spaces: 6
Features
- Entry location: 1
- Pool features: None
Lot
- Size: 7,119 Square Feet
- Features: 16-20 Units/Acre
Details
- Additional parcels included: 7245019031
- Parcel number: 7245019030
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Mixed Use
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1948
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Suburban
- Subdivision: Peninsula (Pi)
Location
- Region: Long Beach
Financial & listing details
- Price per square foot: $815/sqft
- Date on market: 4/17/2026
- Cumulative days on market: 427 days
- Listing terms: Cash,Conventional
- Tenant pays: Electricity, Gas
Estimated market value
$5,002,500
$4.75M - $5.25M
$3,425/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/9/2026 | Listed for sale | $5,500,000$815/sqft |
Source: | ||
| 6/4/2026 | Contingent | $5,500,000$815/sqft |
Source: | ||
| 4/18/2026 | Listed for sale | $5,500,000$815/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Peninsula
Local buyer's agents are ready to help






