1123 E Ocean BLVD Pending Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90802
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Square Footage 3,816 sqft
Price per Sqft $511
MLS Listing ID OC24150606
HOA Y/N No
Year Built 1915
Lot Size 8,276 Sqft
Acres 0.19
Property Description
Located in the coveted Alamitos Beach community, just steps from the sand, this Trophy Location boasts two units with unobstructed ocean views. The building at 1123 E Ocean Blvd is a charming example of early 1900s architecture, complete with high ceilings, built-in cabinetry, hardwood floors, and spacious, light-filled floor plans. This four-unit property occupies an 8,200 square foot lot zoned R-4-R, allowing moderate density with height restrictions. It comprises three one-bedroom apartments, one two-bedroom apartment, and a single-story structure housing five garages. Additionally, there's a storage shed in the expansive yard behind the units. The opportunity to construct two more ADU units could significantly increase income and property value. Tenants are responsible for their gas and electricity, while the landlord covers water and trash services. A laundry room is conveniently located on the ground floor within the secure entryway. Fully capitalizing on this property's potential could boost net income by over 120%, establishing it as a premier Pride of Ownership asset.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Laundry Common Area
Exterior
Garage None
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Curbs
Parking Type None
Total Parking Spaces 5
Private Pool No
Building
Lot Description 31-35 Units/Acre,Back Yard,Yard
Story 2
Sewer Sewer Tap Paid
Water Public
New Construction No
Others
Senior Community No
Tax ID 7165009040
Energy Description 870.0
Acceptable Financing Cash,Cash to New Loan
Listing Terms Cash,Cash to New Loan
Special Listing Condition Standard
Lease Land No