1123 E Ocean Boulevard, Long Beach, CA 90802
-
Listed Price :
$1,950,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
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Year Built :
1915
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.
Interior Features
| Laundry Information |
| Location(s) |
Common Area |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
1123 E Ocean Boulevard |
| City |
Long Beach |
| State |
CA |
| Zip |
90802 |
| County |
Los Angeles |
| Listing Agent |
Mike Marcu DRE #00919594 |
| Courtesy Of |
Mike Marcu, Broker |
| List Price |
$1,950,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Quadruplex |
| Structure Size |
N/A |
| Lot Size |
8,276 |
| Year Built |
1915 |
Listing information courtesy of: Mike Marcu, Mike Marcu, Broker. *Based on information from the Association of REALTORS/Multiple Listing as of Jul 24th, 2024 at 1:34 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
