825 E Ocean Boulevard

    Long Beach, CA 90802
    • $2,250,000
    • STATUS: Active
    • ON SITE: 35 days
    • ID#: SR18139605
    UPDATED: 65 min ago
    $2,250,000
    • 0
      BEDS
    • 0.09
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,750
      SQFT
    • $600
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1922
    County:

    School Ratings & Info

    Description

    GREAT RENTAL INCOME STEPS FROM THE BEACH! YOU CANNOT BEAT THIS LOCATION OR CASH FLOW! Own an income producing 4-unit beach property with Harbor views. Located in Alamitos Beach just steps away from the beach & downtown Long beach where urban living meets the waterfront. Close to some of the best amenities south of LA and in the city's most bike-friendly and walk-able neighborhood. Moments away from East Village Arts District, Pike Shopping Center, Queen Mary, Long Beach Aquarium, Catalina Island Express Ferries, Bixby Park and the great dining options in Long Beach. All 4 units come fully furnished and have a "private living" atmosphere with their own separate entrances. Front 2 units are both 2 bed/ 2 bath units and over 1100 sqft each, upgraded with tile and wood/laminate flooring, upgraded kitchens and bathrooms, newer appliances, double pane windows. The upstairs unit has a massive outdoor deck (10x20), perfect for entertaining. The 1 bed/1 bath unit is approximately 900 sqft with a private entrance, fully upgraded. The studio is also upgraded, 450 sqft. Other features include 2 separate garages with automatic doors, 1/2 basement for storage, a large upstairs deck, and smaller downstairs deck. All units have direct access to a lovely courtyard complete with landscaping and sidewalks. AND YES a YARD in downtown Long Beach!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-18T11:26:32.933. 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/84569082

    825 E Ocean Boulevard Long Beach, CA 90802

    • Price: $2,250,000
    • Status: Active
    • Updated: 65 min ago
    • ID#: SR18139605
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.09
    Acres
    3,750
    SQFT
    $600
    $/SQFT
    1922
    Built
    Neighborhood:
    Alamitos Heights (Ah)
    County:
    Los Angeles
    Area:
    4 - Downtown Area, Alamitos Beach
    Property Description
    GREAT RENTAL INCOME STEPS FROM THE BEACH! YOU CANNOT BEAT THIS LOCATION OR CASH FLOW! Own an income producing 4-unit beach property with Harbor views. Located in Alamitos Beach just steps away from the beach & downtown Long beach where urban living meets the waterfront. Close to some of the best amenities south of LA and in the city's most bike-friendly and walk-able neighborhood. Moments away from East Village Arts District, Pike Shopping Center, Queen Mary, Long Beach Aquarium, Catalina Island Express Ferries, Bixby Park and the great dining options in Long Beach. All 4 units come fully furnished and have a "private living" atmosphere with their own separate entrances. Front 2 units are both 2 bed/ 2 bath units and over 1100 sqft each, upgraded with tile and wood/laminate flooring, upgraded kitchens and bathrooms, newer appliances, double pane windows. The upstairs unit has a massive outdoor deck (10x20), perfect for entertaining. The 1 bed/1 bath unit is approximately 900 sqft with a private entrance, fully upgraded. The studio is also upgraded, 450 sqft. Other features include 2 separate garages with automatic doors, 1/2 basement for storage, a large upstairs deck, and smaller downstairs deck. All units have direct access to a lovely courtyard complete with landscaping and sidewalks. AND YES a YARD in downtown Long Beach!
    Exterior Features

    Construction Materials Stucco Garage Spaces 2.00 Lot Features Level With StreetWalkstreet Lot Size Source Assessor Lot Size Units Square Feet Parking Total 2.00 Pool Features None Pool Private YN No Property Attached YN Yes Roof Flat View City LightsHarborOcean View YN Yes Waterfront Features Across The Road From Lake/Ocean

    Interior Features

    Appliances FreezerGarbage DisposalGas RangeRefrigerator Appliances YN Yes Average Studio Area 500 Average Studio Area Units Square Feet Average1 Bed Area 850 Average1 Bed Area Units Square Feet Average2 Bed Area 1100 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring TileWood Heating Central Furnace Heating YN Yes Interior Features FurnishedOpen Floor PlanRecessed LightingStone Counters Laundry Features Inside Levels Two Room Type BasementKitchenMaster BathroomMaster Bedroom

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 4.40 Community Features Sidewalks Country Us Electric Electricity - On Property Electric Expense 11016.00 Elevation Units Feet Garage Income 4800.00 Garage Rental Rate 200.00 Gross Income 162800.00 Gross Multiplier 13.02 Gross Scheduled Income 162800.00 Insurance Expense 1800.00 Land Lease YN No Laundry YN Yes Maintenance Expense 16200.00 Net Operating Income 99059.00 New Taxes Expense 28125.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 4 Number Of Units Leased 4 Number With Carpet 0 Number With Dishwasher 4 Number With Disposal 4 Number With Drapes 4 Number With Patio 3 Number With Range 4 Number With Refrigerator 4 Operating Expense 63741.00 Professional Management Expense 4800.00 Property Condition Turnkey Property Sub Type Quadruplex Rent Control YN No Senior Community YN No Special Listing Conditions Standard Subdivision Name Other Alamitos Heights (Ah) Total Actual Rent 162800.00 Total Expenses 63741.00 Trash Expense 1800.00 Utilities Cable AvailablePhone AvailableSewer ConnectedWater Connected Water Source Public Year Built Source Assessor Zoning Lbr4r

    Listing provided courtesy of Gina Michelle of The Gina Michelle Project and Katrina Palandri of The Gina Michelle Project.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-18T11:26:32.933. 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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