3637 E Ocean Blvd - Apartments FOR SALE


Long Beach, CA 90803- Belmont Heights
$3,750,000 USD
562-896-1473
3637 E Ocean Blvd, Long Beach, CA for Sale
$3,750,000 USD
Apartments - FOR SALE
1/11
null | 3.47% Cap Rate

3637 E Ocean Blvd
Long Beach, CA 90803
Belmont Heights


HIGHLIGHTS

  • Four (4) one-bedroom, one-bath units
  • Four (4) studio, one-bath units
  • Ten (10) on-site garages
  • Fully occupied
  • Recent electrical upgrades and new 100-gallon water heater (2025)
  • On-site community laundry

OVERVIEW

Rare Portfolio Offering – Portfolio or Individual Sales Considered. Once-in-a-generation opportunity to acquire well-located, income-producing property across the street from the beach and Bluff Park. This is the first time this property has been on the market since 1976. 3637 E. Ocean Blvd. features a strong operating history, long-term investment appeal, spacious floor plans, and desirable unit mixes. -Fully occupied -Eight (8) residential units -Four (4) one-bedroom, one-bath units -Four (4) studio, one-bath units -Ten (10) on-site garages with parking space in front -Recent electrical upgrades and new 100-gallon water heater (2025) -On-site community laundry The offering includes: 3704 East 2nd St & 127–129 Grand Ave., Long Beach, CA 90803 (3 units); 3637 Ocean Blvd., Long Beach, CA 90803 (8 units); 108–110 Redondo Ave., Long Beach, CA 90803 (7 units).

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$582 USD /SF

# OF UNITS

8

PRICE/UNIT

$468,750

CAP RATE

3.47%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1942

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

LBR4R

APN/PARCEL ID

7256-004-016

ASK ABOUT THIS PROPERTY

Spencer FlynnFlynn Investments IncMore Info
562-896-1473

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Spencer FlynnFlynn Investments IncMore Info
562-896-1473

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