5333 E Ocean Blvd, Long Beach, CA 90803

Studio, 2,132 sqft
For Sale
$1,500,000
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My Notes
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"OCEAN FRONT VIEW" Live in front of the sand and sea. A 2 story brick house sits in front and a 3 car garage under 2 studio apartments sits in back of the house. You can live in the house and rent the apartments or rent it all. Studio rentals are $1000 an $1200. House presently rents for $2750. Total today is $4950 per month rent. The house was built in the 1920's and is a solid red brick inside and out. First floor has a large Living Room with Fireplace, Dining Room, fully equipped Kitchen with sitting area, Pantry, and half Bathroom. Walk outside to your private Patio with its own cozy Fireplace. Second floor has 2 large Bedrooms, lots of closet space, and a full Bathroom. Floors are hardwood except Kitchen and Bathrooms. A separate building houses a Laundry Room, Storage Room, and 2 and 1 car garages. Over this area are 2 Studio Apartments with Ocean Views. Enter the studios main room with hardwood floors and lots of closet space. Walk down the hall to a full large tiled Bathroom or turn into the complete Kitchen with area for a table and chairs. 
What I love about the home
Live in the house and rent the studios for $2150+ per month or rent it all for $4900+ per month.
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Facts
  • Lot: 2,753 sqft
  • Single Family
  • Built in 1950
  • 22 days on Zillow
  • Cooling: Central
  • Heating: Other, Wall
Features
  • Cable Ready
  • Ceiling Fan
  • Double Pane/Storm Windows
  • Fenced Yard
  • Fireplace
  • Flooring: Hardwood, Tile
  • Parking: Garage - Attached, 3 spaces
  • Patio
  • Skylight
  • Sprinkler System
  • View: Water
  • Waterfront
Additional Features
  • Bedroom, Full Bath, Half Bath, Heating system: Fireplace, Parking Type: Garage - Detached, View Type: Ocean
Appliances Included
  • Dishwasher
  • Garbage disposal
  • Microwave
  • Range / Oven
  • Refrigerator
  • Washer
Room Types
  • Breakfast nook
  • Dining room
  • Laundry room
  • Master bath
  • Pantry
Construction
  • Exterior material: Brick, Stucco
  • Roof type: Other
  • Room count: 14
  • # Stories: 2.0
  • Structure type: Other
  • Unit count: 3
Other
  • Floor size: 2,132 sqft
  • Heating: Gas
  • Laundry: In Unit
  • Parcel #: 7245007025
  • Unit floor #: 2
  • Zillow Home ID: 21217192
Home Values
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$1,240,584
+$152,040 Last 30 daysd
$1.10M
$1.35M
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$2,678/mo
-$65 Last 30 daysd
$1.5K
$4.7K
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Owner estimate:
Posted on 07/19/2012
$1,265,000 (based on comparative market analysis)
On Ocean Boulevard in front of ocean. Cap Rate plus Gross Multiplier. Plus CMA.

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Neighborhood for 5333 E Ocean Boulevard

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Zillow predicts Belmont Shore home values will rise 5.2% next year, compared to a 5.4% rise for Long Beach as a whole. Among Belmont Shore homes, this home is 86.6% more expensive than the midpoint (median) home, and is priced 21.2% more per square foot.

Foreclosures will be a factor impacting home values in the next several years. In the Belmont Shore market, the number of foreclosures waiting to be sold dropped 7.3% in the last year. The number of unsold foreclosures is 55.1% lower than in Long Beach, and 67.2% lower than the national average. This lower local number could help Belmont Shore home values rise more quickly than other regions in Long Beach.

Learn more about forecast calculations or Belmont Shore home values.
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