$3,558,000 - 1325 E Ocean Boulevard, Long Beach

  • 0Beds
  • Baths
  • 8,786SQ. Feet
  • 0.19Acres

We are pleased to present an eight unit multi-family community located at in Long Beach, CA 90802. Located right in the heart of Alamitos Beach, the subject property was built in two phases, the first building in 1914 and the rear building in the 1980s. The buidilng consists of approximately 8,786 rentable square feet on an approximately 8,265 square foot lot. The building consists of six large two bedroom / one bathroom units, one large one bedroom / one bathroom unit, and one three bedroom / one bathroom unit. The building has undergone some recent renovation, with new paint, new cabinetry, new countertops, new flooring, and new landscaping just some of the upgrades recently completed. The units are very large and four of them have washer/dryer hookups inside their units, while three have private patios, and there is also an on-site laundry room for tenant’s convenience. Furthermore, with a “Walk Score” of 70, this location is deemed to be “very walkable” where most errands can be accomplished by foot. The tenants benefit from its proximity to Downtown Long Beach and Alamitos Beach, with the many restaurants, shops and various other entertainment options all within a short walk or bike ride from the property. This is an absolutely incredible opportunity to acquire a turn-key, true pride of ownership multi family asset in one of the most desirable locations in the city and would be a great addition to any investor’s portfolio.

Sales Agent

Sam SmithBeach Cities Real EstatePhone: 562-355-8228 Cell: 562-355-8228 Contact Agent Now

Essential Information

  • MLS® #:PW19049751
  • Price:$3,558,000
  • Bathrooms:0.00
  • Square Footage:8,786
  • Acres:0.19
  • Year Built:1914
  • Type:Residential Income
  • Status:Closed

Community Information

  • Address:1325 E Ocean Boulevard
  • Area:Downtown Area, Alamitos Beach (4)
  • Subdivision:Alamitos Beach (AB)
  • City:Long Beach
  • County:Los Angeles
  • State:CA
  • Zip Code:90802

Interior

  • Appliances:Gas Cooking, Gas Dryer Hookup
  • # of Stories:2
  • Stories:Two

Exterior

  • Lot Description:6-10 Units/Acre

Additional Information

  • Date Listed:March 5th, 2019
  • Days on Market:58
  • Zoning:LBR4R

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Alamitos Beach (ab)

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  • City:
    Long Beach
  • Price Range:
    $375,000 - $3,250,000
  • Current Listings:
    56
  • HOA Dues:
    $
  • Average Price per Square Foot:
    $360
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Provided By: Kevin King(01158184), Marcus & Millichap.

Based on information from California Regional Multiple Listing Service, Inc. as of August 22nd, 2019 at 11:18pm CDT. 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.