1717 E Ocean Blvd - Multi-Family FOR SALE


Long Beach, CA 90802- Downtown Long Beach
$3,500,000 USD
949-942-8959
1717 E Ocean Blvd, Long Beach, CA for Sale
$3,500,000 USD
Multi-Family - FOR SALE
1/6
null | Request Cap Rate

1717 E Ocean Blvd
Long Beach, CA 90802
Downtown Long Beach


HIGHLIGHTS

  • Development Potential on Ocean Blvd
  • Ocean Views
  • Large 2 Bedroom Units
  • Six Detached Garages
  • First Time Available in Over 30 Years

OVERVIEW

Skyline Commercial Advisors is pleased to present the opportunity to acquire The Ocean Blvd Fourplex, a 4 unit apartment building located in the Alamitos Beach area of Long Beach, CA. The property offers an excellent mix of units including (4) large 2 bedroom 1 bath units each facing the ocean with 6 detached garages, a rare benefit in coastal Long Beach. Current zoning allows for huge development potential including replacing the existing structure with a four story building consisting of (12) 2 bedroom 1 bath units each around 1,200 sf or maintaining the existing structure and utilizing the open space to build (4) ADU's. This is a unique opportunity for an investor to acquire an asset in a premium location with massive potential. The Ocean Blvd Fourplex is located between Gaviota Ave and Hermosa Ave on Ocean Blvd in the Alamitos Beach area of coastal Long Beach. Its location is just steps from the ocean, less than 1 mile from the Long Beach Convention Center and Shoreline Village, and easy access to the restaurants and storefronts on Broadway as well as the exciting Retro Row.  Long Beach is currently undergoing massive redevelopment and preparing for the multiple Olympic events that will be held in the city during the 2028 Olympic Games. Long Beach's close proximity to major Freeways and the ocean along with its schools and bustling downtown area make it a desirable place to live for residents working in Los Angeles or Orange County. *Please do not disturb tenants or walk on the property.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$743 USD /SF

# OF UNITS

4

PRICE/UNIT

$875,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ocean Blvd Fourplex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1919

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,269 SF

ZONING

-

APN/PARCEL ID

7265-018-038

ASK ABOUT THIS PROPERTY

Ryan PrattSkyline Commercial Real EstateMore Info
949-942-8959

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Ryan PrattSkyline Commercial Real EstateMore Info
949-942-8959

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