825 E Ocean Boulevard, Long Beach, CA 90802

$1,995,000
List Price
$1,995,000
Status
ACTIVE
MLS#
PW21200551
Year Built
1922
Lot Size
4,072
Acres
0.09
Lot Location
Near Public Transit, Yard
Days on Market
15
Property Type
Multifamily
Stories
Two Levels
Neighborhood
Alamitos Beach (Ab)

Property Description

WE ARE pleased to present the opportunity to acquire 825 E. Ocean Blvd, 4-unit multifamily investment property located in Long Beach, one of the premier housing markets in Southern California. 825 E. Ocean Blvd consists of One large 1 Bedroom and 1 Bath unit floor plan, TWO large 2bedroom and 1 Bath floor plan and ONE large Studio which offers amenities like - Stove - Dishwasher - Washer/Dryer in units - Tankless water heaters - Keyless Entry - New Countertops - Soft Close Cabinetry - Modern Fixtures - Updated kitchen and bathrooms - Beautiful Hardwood Flooring - Recessed Lighting - Full Bath - Garages for additional income Additionally Ocean property offers Amenities Including Ocean Views, Private Patios and Balconies and a Central Courtyard. 825 E. Ocean Blvd is located in the highly sought-after Alamitos Beach neighborhood and is just steps away from Junipero Beach and Alamitos Beach, two of the city’s most popular beaches. The property is also within walking distance to Retro Row, which offers numerous shopping, dining, and entertainment options. 825 E. Ocean Blvd is under a mile away from The Promenade and the Pike Outlets, providing residents with easy access to a plethora of shopping and dining destinations. Given the overall strength of the apartment market in Long Beach, specially Alamitos Beach, 825 E. Ocean Blvd offers an investor the ability to capture quality tenants seeking an exceptional living experience within a vibrant neighborhood. The areas surrounding the property provide tenants convenient access to a wide variety of activities, employment, transportation and retail amenities. This overall demand for a well-located and intensively renovated apartment building will be a key driver in the continued growth and success at 825 E. Ocean Blvd.

Additional Information

Appliances
Dryer, Washer
Pool Description
None
Fireplace Description
Living Room
Garage Spaces Total
2
Sewer
Other
Water
Public
Number Of Units Total
4
Gross Scheduled Income
$118,740
Operating Expense
32056

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Alec Kara from Keller Williams Pacific Estate

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.