$2,200,000
930 Ocean Boulevard, Long Beach 90802
7
Beds
6
Baths
3,529
Square feet
3,854
Lot Size
6
# Of Units
Listing Agent
John Mccann - Lyon Stahl Investment Real Estate, Inc.Introducing 930 E Ocean Boulevard, an investment opportunity in the heart of Long Beach, California (90802). This meticulously maintained property comprises six units, featuring a well-balanced mix of two 2-bedroom/1-bathroom unit, three 1-bedroom/1-bathroom units, and one unpermitted studio unit. The owner recently executed a comprehensive remodel. The upgrades include fresh paint, a new roof, and termite repairs, ensuring a no hassle investment for prospective buyers. Notably, three of the units have undergone full remodels, adding a touch of modern sophistication. This prime investment opportunity not only offers a stable income stream with a gross income of $134,100 and a solid net income of $89,124 annually but also addresses Long Beach's parking challenges. With an on-site garage and additional parking spaces, this property provides a valuable solution to the city's parking constraints. Strategically situated on East Ocean Boulevard, this property is not only an income generator but holds potential for long term appreciation. The well-designed unit mix, recent renovations, and dedicated on-site parking make it an attractive investment. Investors will appreciate the strategic location, quality renovations, and the thoughtful inclusion of on-site parking that 930 E Ocean Boulevard presents. Don't miss the chance to acquire a premium property in the thriving Long Beach market, poised for both immediate returns and long-term value.
Facts & Features
MLS® # | 24351813 |
---|---|
Price | $2,200,000 |
Bedrooms | 7 |
Bathrooms | 6.00 |
Square Footage | 3,529 |
Lot Size | 3,854 |
Year Built | 1988 |
Type | Residential Income |
Status | Active |
# Of Units | 6 |
Community Information
Address | 930 Ocean Boulevard |
---|---|
Area | 4 - Downtown Area, Alamitos Beach |
City | Long Beach |
County | Los Angeles |
Zip Code | 90802 |
Amenities
Parking Spaces | 4 |
---|---|
Parking | Concrete, Door-Multi, Garage |
Garages | Concrete, Door-Multi, Garage |
Is Waterfront | No |
Waterfront | Ocean Front |
Has Pool | No |
Interior
Cooling | None |
---|---|
Has Basement | No |
Fireplace | No |
# of Stories | 2 |
Stories | Two |
Additional Information
Date Listed | January 25th, 2024 |
---|---|
Days on Market | 94 |
Zoning | LBPD5 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | John Mccann |
---|---|
Office | Lyon Stahl Investment Real Estate, Inc. |