5583 E Ocean Blvd

Long Beach, CA 90803 View Map $1,150,000 Ask a Question
Sq.Ft. Lot1,256
Year1947
5583 E Ocean Blvd Long Beach, CA 90803 | MLS PW22078123 Photo 1
5583 E Ocean Blvd Long Beach, CA 90803 | MLS PW22078123 Map
Status: Sold
Property Type:Duplex
MLS #:PW22078123
Date Sold:11/22/2022
Lot Size:1,256 Sq. Ft.
County:Los Angeles

Listing Agent/Office

Agent:Andrew Carter
Office:Fiv Realty Co
First time on the market since 1968. Iconic Ocean Boulevard Duplex on The Peninsula with third floor "Crows Nest". Downstairs unit is a one bedroom one bath, very clean with open living room. Upstairs unit, one bedroom, one bath with flex room that is currently being used as an office. Property has a one car garage currently rented to the upstairs unit.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
11/22/2022$1,199,000$1,150,000-4.1%

Community Information

Address:5583 E Ocean Blvd, Long Beach, CA 90803
Area:1 - Belmont Shore/Park/Naples/Marina Pac/Bay Hrbr
County:Los Angeles
City:Long Beach
Subdivision:Peninsula (Pi)
Zip Code:90803

Architecture

Year Built:1947
Stories:2
Building Area: 1071.0
Number of Buildings: 1
Total Units: 2
Unit 1: 1 Unit • 1 Bed • 1 Bath • Unfurnished • $2,115 actual rent • $2,117 total rent • $2,500 pro forma
Unit 2: 1 Unit • 1 Bed • 1 Bath • Unfurnished • $1,574 actual rent • $1,574 total rent • $2,000 pro forma
Garage Spaces: 1.0
Parking Total: 1.0

Features / Amenities

Common Walls: 1 Common Wall
Cooling: Wall/Window Unit(s)

Property Features

Lot Size: 0.03 Acres / 1,256 Sq. Ft.
Lot Features: Item01UnitAcre
View: Bay, Ocean
Sewer: Public Sewer
Water: Public
Zoning:LBR2I
Directions:Bay Side of Ocean

Tax and Financial Info

Buyer Financing: Conventional
Gross Income: $37,648
Gross Scheduled Income: $44,292
Net Operating Income: $37,648
Insurance Expense: $2,400
Trash Expense: $1,500
Water/Sewer Expense: $2,400
Operating Expense: $6,644
Terms: Cash, CashtoNewLoan
Land Lease: No

Schools

WALKING AND TRANSPORTATION

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Based on information from California Regional Multiple Listing Service, Inc. as of February 1, 2023. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.