4915 E Ocean Blvd - Apartments FOR SALE


Long Beach, CA 90803- Belmont Shore
$4,975,000 USD
562-716-8385
4915 E Ocean Blvd, Long Beach, CA for Sale
$4,975,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

4915 E Ocean Blvd
Long Beach, CA 90803
Belmont Shore


HIGHLIGHTS

  • Rare Oceanfront Location
  • Potential to use the "Jewel of the building unit" as a short term rental
  • Potential to upgrade the flat rooftop of the builing for shared space

OVERVIEW

Prime Investment Property in a rare Oceanfront location in Belmont Shore. This beautiful 10-unit apartment complex sits directly across from the beach, with sparkling ocean views that will never be blocked! The property is being sold with seven tenant-occupied units, with a substantial rental upside. The owners have begun significant improvements to elevate the building and maximize the rental income potential. Highlights are the prime unit under renovation with best views, adding a shared laundry room, City of Long Beach permitting short-term rental for 1 unit, and Long Beach in the Spotlight for the 2028 Olympics.

FOR SALE DETAILS

PRICE

$4,975,000 USD

PRICE/SF

$594 USD /SF

# OF UNITS

10

PRICE/UNIT

$497,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Seashore Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,168 SF

ZONING

LBR4R

APN/PARCEL ID

7247-020-025

ASK ABOUT THIS PROPERTY

Brigitte SchroederMJC RealtyMore Info
562-716-8385

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Brigitte SchroederMJC RealtyMore Info
562-716-8385

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