1600 E Ocean Blvd - Apartments FOR SALE


Long Beach, CA 90802- Downtown Long Beach
$3,195,000 USD
818-259-9956
1600 E Ocean Blvd, Long Beach, CA for Sale
$3,195,000 USD
Apartments - FOR SALE
1/19
null | Request Cap Rate

1600 E Ocean Blvd
Long Beach, CA 90802
Downtown Long Beach


HIGHLIGHTS

  • Major systems recently upgraded
  • Unmatched corner location with ocean views amid a thriving coastal rental market
  • Uniquely spacious balconies and distinct architecture
  • On-site laundry facility and separately metered utilities
  • Significant value-add potential and high rental upside
  • Walkable to many eateries, parks, ocean activities and entertainment venues

OVERVIEW

BATTLESHIP REAL ESTATE IS PLEASED TO PRESENT THE EXCEPTIONAL OPPORTUNITY TO ACQUIRE 100% FEE SIMPLE INTEREST IN 1600 E. OCEAN BLVD, A STRONG UPSIDE MULTI-FAMILY ASSET IN THE HIGHLY SOUGHT-AFTER COMMUNITY OF ALAMITOS BEACH WITHIN THE THRIVING LONG BEACH SUBMARKET. WITH ITS DISTINCT ARCHITECTURE, PROMINENT LOCATION AND BEAUTIFUL OCEAN VIEWS, THIS 12-UNIT APARTMENT OFFERS INVESTORS THE EXCEEDINGLY RARE CHANCE TO OWN A VALUE-ADD INVESTMENT PROPERTY WITHIN A FLOURISHING, HIGH BARRIER TO ENTRY COASTAL MARKET. THIS IS A QUINTESSENTIAL PRIDE-OF-OWNERSHIP ASSET WITH RECENT UPGRADES AND IMMENSE LONG-TERM VALUE WAITING TO BE UNLOCKED.

FOR SALE DETAILS

PRICE

$3,195,000 USD

PRICE/SF

$530 USD /SF

# OF UNITS

12

PRICE/UNIT

$266,250

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1911

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,944 SF

ZONING

LBPD5

APN/PARCEL ID

7265-015-013

ASK ABOUT THIS PROPERTY

Andrew TashjianBattleship Real EstateMore Info
818-259-9956

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Andrew TashjianBattleship Real EstateMore Info
818-259-9956

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.