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Request Info$2,595,000
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6514 E Ocean Boulevard Overview
- Time on Site:
- 113 days
- Visits:
- 0
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.
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6514 E Ocean Boulevard Facts & Features
- Type Multi-Family
- Sq. ft. 2,978
- Price/Sq.ft. $871
- Lot 0.06 Acres
Details
General
Association/HOA
- Association: No
- Common Interest: None
Income/Expenses
- Other Expense: 1045.0
- Electric Expense: 600.0
- Gross Income: 121440.0
- Gross Scheduled Income: 121440.0
- Insurance Expense: 2499.0
- Net Operating Income: 84523.0
- Operating Expense: 36917.0
- Water Sewer Expense: 1197.0
Building Information
- New Construction: No
- Year Built: 1942
Location/Region
- Country: US
- County Or Parish: Los Angeles
- MLS Area Major: 1 - Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr
- Postal City: LONG BEACH
- Subdivision Name: Peninsula (PI)
Community/Development
- Community Features: Biking,Curbs,Gutter(s),Street Lights,Sidewalks
Rent/Lease Information
- Land Lease: No
- Tenant Pays: Electricity,Gas,Trash Collection
General Information
- Disclosures: Coastal Zone,Flood Insurance Required,Flood Plain Disclosure,Rent Control
- Exclusions: Refrigerators in unit 6516-6518 & 6520 are owned by the tenants.
- Inclusions: Laundry Room Washer/ Dryer & the Refrigerator in unit 6514
- Listing Terms: Cash,Cash to New Loan,Conventional,1031 Exchange,Submit
- Parcel Number: 7245025010
- Property Condition: Updated/Remodeled,Turnkey
- Property Sub Type: Quadruplex
- Property Type: Residential Income
- Rent Control: Yes
- Senior Community: No
- Special Listing Conditions: Standard
- Zoning: LBR2I
Interior
Parking Information
- Garage Spaces: 2.0
- Garage: Yes
Building Interior
- Building Area Total: 2978.0
- Building Area Units: Square Feet
General Information
- Appliances: Dishwasher,Disposal,Gas Oven,Gas Range,Microwave,Refrigerator,Tankless Water Heater,Water To Refrigerator,Water Heater,Dryer,Washer
- Common Walls: 2+ Common Walls
- Electric: Standard
- Entry Level: 2
- Entry Location: Ground
- Flooring: Laminate,Tile
- Laundry Features: Common Area
- Levels: Two
- Security Features: Carbon Monoxide Detector(s),Smoke Detector(s)
- Spa Features: None
- Spa: No
- Stories: 2
- Stories Total: 2
- Window Features: Blinds,Drapes,Screens,Shutters
Exterior
Parking Information
- Parking Features: Door-Single,Garage,On Street
- Parking Total: 2.0
Lot Information
- Additional Parcels: No
- Lot Features: 2-5 Units/Acre,Corner Lot,Near Public Transit,Walkstreet
- Lot Size Area: 2428.0
- Lot Size Source: Assessor
- Lot Size Square Feet: 2428.0
- Lot Size Units: Square Feet
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 4
- Number Of Separate Gas Meters: 4
- Number Of Separate Water Meters: 1
- Road Surface Type: Paved
- Elevation Units: Feet
- Water Source: Public
Waterfront/View
- Waterfront Features: Across the Road from Lake/Ocean
Building Exterior/Construction
- Construction Materials: Drywall,Shingle Siding,Wood Siding
- Property Attached: Yes
- Roof: Membrane
General Information
- Exterior Features: Rain Gutters
- Fencing: Average Condition,Wood
- Number Of Units Leased: 4
- Number Of Units Total: 4
- Pool Features: None
- Pool Private: No
- Road Frontage Type: City Street
- Sewer: Public Sewer
- Utilities: Cable Connected,Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
6514 E Ocean Boulevard Neighborhood
Community
90803 (Long Beach) Demographics
46
Median Age
3,935
Population Density (per sq. mile)
62%
College Educated
$92,230
Estimated Median Income
7,269
Estimated Total Home Owners
9,589
Estimated Total Renters
43% / 57%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.6514 E Ocean Boulevard Monthly Cost
6514 E Ocean Boulevard Market Data
Based on the last 30 days in this zip code
$2,081,119
Average List Price
$942
Average Price per Square Foot
26
Properties Sold
65
Average Days on Market
270
Properties for Sale
6514 E Ocean Boulevard History
| Date | Value | Agent |
|---|---|---|
| 3/8/2026Source: CRMLS | March 08, 2026 |
Listing provided courtesy of WSR Real Estate Inc.Ana Hlavnicka- MLS# SW26050870
Contact Information: 951-682-1000
Contact Information: 951-682-1000