$3,312,500
$3,558,000
6.9%For more information regarding the value of a property, please contact us for a free consultation.
1325 E Ocean BLVD Long Beach, CA 90802
8,276 Sqft Lot
Key Details
Sold Price $3,312,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Alamitos Beach (Ab)
MLS Listing ID PW19049751
Sold Date 05/16/19
HOA Y/N No
Year Built 1914
Lot Size 8,276 Sqft
Acres 0.19
Property Description
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.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBR4R
Rooms
Ensuite Laundry Washer Hookup, Gas Dryer Hookup
Interior
Laundry Location Washer Hookup,Gas Dryer Hookup
Fireplace No
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Pool None
Community Features Curbs, Sidewalks
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer, Septic Type Unknown, Unknown
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7265014038
Energy Description 1323.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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