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Alexander Duarte

alex@tdgsells.com +1(714) 376-9253

$ 1,950,000

Est. payment -/mo

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Pending

1123 E Ocean BLVD Long Beach, CA 90802

3,816 SqFt

UPDATED:

10/24/2024 04:32 PM

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

Listed by Mike Marcu • Mike Marcu, Broker • 562-260-0940

Alexander Duarte

CEO | i01970077

+1(714) 376-9253

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Alexander Duarte

Alexander Duarte

1123 E Ocean BLVD Long Beach, CA 90802

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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1123 E Ocean BLVD