Active

930 E Ocean Boulevard

Long Beach CA, 90802

$2,200,000


$623.41 per sqft

Active

7 Beds

6 Baths

3,529 sqft

Residential

Built in 1988

Listed by John McCann with Lyon Stahl Investment Real Estate, Inc. 310-425-9838

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.

24351813

MLS ID

January 25, 2024

Listed

May 9, 2024

Updated

Map

930 E Ocean Boulevard
Long Beach CA, 90802

Interior Features

Total Stories

2


Bedrooms

7


Total Bathrooms

6


Fireplace

No


Cooling

No


Cooling Description

None


Heating

No

Exterior/Building Features

Lot Size

0.09 Acres

Other Property Details

Area Name

4 - Downtown Area, Alamitos Beach


Days on Market

84


Garage

Yes


Parking

Concrete, Door-Multi, Garage


Parking Total

4


View

No


County

Los Angeles


Pool

No


Waterfront

Yes


Zoning

LBPD5


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

4/18/2024

Active

3/21/2024

Under Contract

2/28/2024

Price Change

$2,200,000

-9%

Listing Contact: 310-425-9838 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/9/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 5/9/2024 at 3:03 PM UTC

 

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