Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
Under ContractSingleFamilyResidence

5503 E Ocean Boulevard

Long Beach, CA, 90803

1 / 48View all 48 photos

$5,000,000

MLS: PW26035133

Beds

4

Baths

3

Sq Ft

3,422

Lot

0.06 ac

Year Built

2008

MLS #

PW26035133

Days on Market

57

Listed

Feb 19, 2026

Description

A rare Peninsula masterpiece with commanding bay-to-ocean views, this exceptional 3 story California Craftsman is one of the most coveted waterfront offerings along the Peninsula. Built in 2008 on a premier corner lot, the residence captures sweeping panoramas of Alamitos Bay, the Pacific Ocean, the marina, Catalina Island, the Queen Mary & the surrounding mountains-an ever-changing coastal backdrop from nearly every vantage point. Rich in craftsmanship & refined finishes, the home showcases distressed hickory floors, custom cabinetry on every level, a dramatic foyer introduced by bespoke stained-glass entry doors, and more (See Supplements for list of extensive upgrades.) Designed for relaxed entertaining; the main floor features a spacious family room with custom built-ins & bar. French doors open to a bay-front patio, perfect for evening sunsets. This level also includes a temperature-controlled 1,200-bottle wine cellar, a charming guest suite, a secondary bedroom, & a beautifully finished full bath. The garage offers a 40-amp charging port. Second level maximizes the home’s extraordinary vistas, the open-concept living, dining, & kitchen areas unfold with sweeping views. Expansive accordion doors open to a full-length bay-front terrace, delivering seamless indoor-outdoor living. The dining room & convertible bedroom enjoy ocean & island views. The gourmet kitchen is a chef’s statement, featuring a suite of top-of-the-line appliances, dual sinks & an oversized island with cooktop. Light-filled living & informal dining areas offer built-in seating, custom cabinetry & a wood-burning fireplace, all flowing effortlessly to the terrace & built-in grill. A dedicated laundry room & a three-quarter bath complete this level. The entire third level is devoted to a luxurious primary sanctuary including a generous walk-in closet, spa-inspired bath, & a dedicated workout area overlooking the ocean. An expansive view deck invites sun-soaked afternoons & unforgettable sunsets across the bay, ocean, & mountains. This extraordinary waterfront residence is a masterclass in thoughtful design & timeless coastal elegance - where every floor reveals a new perspective, and every sunset feels like a private showing. Set in one of the coast’s most coveted and rarely available locations, this estate delivers the ultimate lifestyle with effortless access to the Yacht Club, canals, Belmont Shore’s shops & dining, and miles of scenic bike paths and boardwalk just outside your door.

Location

Long Beach, Los Angeles County, CA 90803

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Listed by: Loree Scarborough · Compass

Payment estimate

$35,032

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $500,000 · Loan: $4,500,000

%
Principal & Interest
$27,649
Property tax (1.25%)
$5,208
Homeowners insurance
$300
Mortgage insurance
$1,875
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Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.

Today's Rates

As of Apr 23, 2026

30-year fixed
6.23%
15-year fixed
5.58%

Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.

Financing Options

FHA Financing — 3.5% Down

First-time and repeat buyers can purchase this Long Beach home with as little as 3.5% down using an FHA loan — roughly $175,000 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.

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Local Market Stats

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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.

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