$4,975,000
4915 E Ocean, Long Beach CA 90803
Multi-Family (11 Units)
Property type
47 days
On market
$594
Price per sqft
0 cars
Garage
1930
Year built
5,106 sqft
Lot size
Open Houses
Overview
PRIME INVESTMENT PROPERTY in a RARE OCEANFRONT location in Belmont Shore. This beautiful 10 (origially 12) unit apartment complex sits directly accross from the beach, with sparkling ocean views that will never be blocked! The property is being sold with 7 tenant-occupied units, with a substantial rental upside. The owners have begun significant improvements to elevate the...
Listing provided by: Brigitte Schroeder DRE #01705827, MJC Realty, Joel Carlson DRE #00546246 714-271-7322, MJC Realty
Listing updated: Apr 19, 2026 at 11:37pm.
Last checked: Jun 5, 2026 at 05:31pm
Source: CRMLS #PW26084370
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 7 | 1 | 1 | — | $9,375 | $9,375 | $17,465 | Unfurnished |
| 2 | 0 | 1 | — | $2,095 | $2,095 | $3,595 | Unfurnished |
| 1 | 2 | 1 | — | $1,875 | $1,875 | $2,495 | Unfurnished |
| 1 | 2 | 2 | — | $0 | $0 | $4,950 | Unfurnished |
# of Buildings: 1
# of Units Total: 11
Separate Electric Meters: 12
Separate Gas Meters: 12
Separate Water Meters: 1
Rent Control: Yes
Units Leased: 7
Total Actual Rent: $156,540
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
14.5x
List Price / Annual Gross Rent
Cap Rate
4.47%
NOI / List Price
Gross Scheduled Income: $342,060
Operating Expense: $119,721
Net Operating Income: $222,339
Annual Operating Expenses
Electric: $7,621
Fuel: $0
Insurance: $14,585
Professional Management: $0
Trash: $0
Water / Sewer: $0
Interior
Fireplace: None
Laundry: None
Entry Location: Street
Exterior
Property Attached: No
Stories Total: 2
Levels: Two
Property Condition: Updated Remodeled
Common Walls: No Common Walls
Lot Features: Zero To One Unit Acre
Pool: None
Spa: None
Water Source: Public
Sewer: Public Sewer
Electric: Standard
Utilities: Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
View: Ocean
Road Frontage Type: City Street
Road Surface Type: Paved
Waterfront Features: Beach Access, Beach Front, Ocean Access, Ocean Front
Garage and Parking
Parking: None
Garage Spaces: 0
Parking Total: 0
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 7247020025
Additional Parcels: No
Tax Lot: 33
Tax Block: 20
Subdivision: Belmont Shore (BSD)
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Biking, Dog Park, Fishing, Park, Street Lights, Sidewalks, Water Sports
Nearby Schools
Nearby schools around the 4915 E Ocean, Long Beach, CA 90803. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$3,980,000
Total Interest
$5,076,271
Total Payment
$9,056,271
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$30,489
per month
Property History for 4915 E Ocean
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90803.
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