About this home

Location Location Location! Ocean Front Assets are the gold standard for real estate. Do not miss this. Unobstructed Ocean Views and the highest Cap Rate (4.71%) you will ever find in Belmont Shore on the Ocean in this Incredible Ocean Front 6 unit with Parking! You can't beat this asset. The Beach House is a incredibly rare property to come across. Stunning remodels with new plumbing, electrical, and high end finishes. Each unit has Washer and Dryer in unit and a beautiful layout maximizing the ocean views here on Ocean Blvd. Steps to the sand and even more rare for Belmont Shore, this asset comes with 4 parking spaces. You will not find beach front properties this cheap maybe ever again. 5339 E Ocean Blvd is an ideal opportunity for investors seeking a turnkey coastal multifamily generational asset with zero deferred maintenance, immediate leasing opportunity to put your own tenants in and an exceptional location-driven rental appeal in one of Southern California's most desirable beach communities. Four of the units are rare front-facing one-bedroom residences with ocean and water views, creating a highly compelling lifestyle rental product in one of Long Beach's most sought-after beachside communities. The remaining two renovated one-bedroom units further round out a turnkey investment with broad tenant appeal. With the Olympics coming to the Belmont Shore Swimming Pool and the World Cup on it's way as well. AIR BNB opportunities are endless. The Beach House at 5339 E Ocean Blvd in the most desirable Belmont Shore asset you will find. One of the only locations on Ocean Blvd with unobstructed ocean views. Offered at $3,200,000 and only $533,333 per unit, this exceptional coastal asset consists of six 1-bedroom/1-bathroom units across 3,048 square feet on a 2,540 square foot lot. Based on projected market rents, the property offers approximately $17,780 per month and $215,760 in annual scheduled gross income, with an estimated 4.71% cap rate upon lease up.

Facts and features

Schools

• Naples Elementary School

  elementary · K-5 · 0.4 mi

  8

• Rogers Middle School

  middle · 6-8 · 0.8 mi

  8

• Wilson High School

  high · 9-12 · 1.6 mi

  6

• Bay Shore School

  elementary · K-12 · 0.5 mi

• Lowell Elementary School

  elementary · K-5 · 0.7 mi

  7

• Fremont Elementary School

  elementary · K-5 · 1.3 mi

  8

Price history

• Jul 15, 2026 · Price Changed$3,200,000
• Mar 25, 2026 · Listed$3,395,000
• Jun 11, 2025 · Listed$1,880,000
• Jun 10, 2025 · Sold$1,915,000
• May 16, 2025 · Listed$1,880,000
• Jul 14, 2016 · Listing Removed$1,360
• Jul 9, 2016 · Listed For Rent$1,360
• Feb 13, 2014 · Listing Removed$1,175

Tax history

• 2025$10,599 tax · $1,953,300 assessed
• 2024$10,127 tax · $745,414 assessed
• 2023$9,946 tax · $716,471 assessed
• 2022$9,347 tax · $702,423 assessed
• 2021$9,141 tax · $688,651 assessed
• 2020$9,118 tax · $681,591 assessed
• 2019$9,011 tax · $668,228 assessed
• 2018$8,778 tax · $655,127 assessed

Where it is