1509 E Ocean Boulevard

    Long Beach, CA 90802
    • $3,000,000
    • STATUS: Active
    • ON SITE: 180 days
    • ID#: PW18063800
    UPDATED: 69 min ago
    $3,000,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,492
      SQFT
    • $462
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1918
    County:

    School Ratings & Info

    Description

    Located at 1509 E Ocean Blvd in Long Beach in the highly desirable rental area of Alamitos Beach. The property has been in the sellers family since 1926. 8 one bed /one bath units (4 units have ocean views) with 5 car garages on a 8438 sq/ft lot. Property was extensively updated in 2013 ($440,000 in updates and improvements) roof, plumbing, electrical, kitchens, baths too much to mention, see supplement for details. Pride of Ownership.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-18T20:28:57.93. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/81859655

    1509 E Ocean Boulevard Long Beach, CA 90802

    • Price: $3,000,000
    • Status: Active
    • Updated: 69 min ago
    • ID#: PW18063800
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    6,492
    SQFT
    $462
    $/SQFT
    1918
    Built
    Neighborhood:
    Alamitos Beach (Ab)
    County:
    Los Angeles
    Area:
    4 - Downtown Area, Alamitos Beach
    Property Description
    Located at 1509 E Ocean Blvd in Long Beach in the highly desirable rental area of Alamitos Beach. The property has been in the sellers family since 1926. 8 one bed /one bath units (4 units have ocean views) with 5 car garages on a 8438 sq/ft lot. Property was extensively updated in 2013 ($440,000 in updates and improvements) roof, plumbing, electrical, kitchens, baths too much to mention, see supplement for details. Pride of Ownership.
    Exterior Features

    Garage Spaces 5.00 Lot Features Back YardFront YardLandscapedLawnPark Nearby Lot Size Source Assessor Lot Size Units Square Feet Parking Features GarageGarage - Front Entry Parking Total 5.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Cooling Wall Window Cooling YN Yes Fireplace Features None Fireplace YN No Flooring Wood Heating Wall HeaterForced AirNatural Gas Heating YN Yes Interior Features Ceiling FanCrown MoldingsOpen Floor PlanRecessed Lighting Laundry Features Gas & Electric Dryer HookupInsideWasher Hookup Room Type Kitchen

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 4.16 Community Features SidewalksStorm DrainsStreet LightingUrban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Garage Income 650.00 Garage Rental Rate 125.00 Gardener Expense 1500.00 Gross Income 170250.00 Gross Multiplier 17.62 Gross Scheduled Income 170250.00 Insurance Expense 3420.00 Land Lease YN No Laundry Income 0.00 Laundry YN Yes Licenses Expense 500.00 Net Operating Income 124810.00 New Taxes Expense 37500.00 Number Of Separate Electric Meters 8 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Number Of Units Leased 8 Number Wall AC 6 Number With Dishwasher 0 Number With Disposal 8 Number With Range 8 Number With Refrigerator 8 Operating Expense 45440.00 Pest Control Expense 900.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Sewer Paid Special Listing Conditions Standard Subdivision Name Other Alamitos Beach (Ab) Tenant Pays Cable TvElectricityGasTelephoneTrash Collection Total Actual Rent 1350.00 Total Expenses 45440.00 Trash Expense 620.00 Utilities Water Connected Water Sewer Expense 1000.00 Water Source Public Year Built Source Assessor Zoning Lbr4r

    Listing provided courtesy of Scott Chapman of Coldwell Banker Coastal Alliance.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-18T20:28:57.93. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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