5239 E. Ocean Blvd, Long Beach


Investment Highlights

Executive Summary

Pride of Ownership, Trophy Property! Located within the highly sought-after community of Belmont Shore, merely footsteps from the sand. 5239 Ocean is a picturesque 1950’s building with expansive ocean views. Assets of this caliber, situated on Ocean Blvd, rarely hit the market! The Building is comprised of Six 1 bedroom x 1 bathroom nicely sized units. Each unit has been Impeccably maintained, three of the six beautifully upgraded to “like new” condition! Along with the finer finishes, mini-split units have also been added. The building is separately metered for gas and electric and has a community laundry. Not only mere steps from the sand but just a short stroll to “2nd street”, which houses most of Long Beaches best fashion stores, restaurants, bars, coffee shops and everything that’s wonderful about Long Beach and Southern California!


5239 E. Ocean Blvd, Long Beach
2500000 List Price
6 Units
3,470 Sq.Ft
0.0621 Lot Size (Sq.Ft)
6 Bedrooms
6 Full Bathrooms
3.8% Cap Rate
17.37 GRM (Gross Rent Multiplier)
416666 Per Door
720.46 Per Square Foot
416,666 Per Unit

Year Built:
Property Type:
Investment, Fourplex, Commercial, Multifamily, Apartment