Property Details
About this Property
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.
MLS Listing Information
MLS #
CROC24150606
MLS Source
California Regional MLS
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
No Parking, Garage: 5 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 3 | 4 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
1123 E Ocean Bld is a Residential Income in Long Beach, CA 90802. This – square foot property sits on a 0 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,675,000 and was built in 1915. This address can also be written as 1123 E Ocean Bld, Long Beach, CA 90802.
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This listing information is up-to-date as of November 05, 2024. For the most current information, please contact Mike Marcu, (949) 688-1224
