CA > Long Beach
Long Beach, CA 90802,1123 E Ocean BLVD
Long Beach, CA 90802,1123 E Ocean BLVD
Long Beach, CA 90802,1123 E Ocean BLVD
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Valerie Condon

Valerie Condon

+1(562) 400-5340
$ 1,950,000
Est. payment | /mo

8,276 Sqft Lot

Save
$ 1,950,000
Est. payment | /mo
Save

8,276 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Pending

Purchase Type For Sale

MLS Listing ID OC24150606

HOA Y/N No

Year Built 1915

Lot Size 8,276 Sqft

Property Description

Located in the coveted Alamitos Beach community, just steps from the sand, this Trophy Location boasts two units with unobstructed ocean views. The building at 1123 E Ocean Blvd is a charming example of early 1900s architecture, complete with high ceilings, built-in cabinetry, hardwood floors, and spacious, light-filled floor plans. This four-unit property occupies an 8,200 square foot lot zoned R-4-R, allowing moderate density with height restrictions. It comprises three one-bedroom apartments, one two-bedroom apartment, and a single-story structure housing five garages. Additionally, there's a storage shed in the expansive yard behind the units. The opportunity to construct two more ADU units could significantly increase income and property value. Tenants are responsible for their gas and electricity, while the landlord covers water and trash services. A laundry room is conveniently located on the ground floor within the secure entryway. Fully capitalizing on this property's potential could boost net income by over 120%, establishing it as a premier Pride of Ownership asset.

Location

State CA

County Los Angeles

Area 699 - Not Defined

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Fireplace No

Laundry Common Area

Exterior

Garage None

Garage Spaces 5.0

Garage Description 5.0

Pool None

Community Features Curbs

Parking Type None

Total Parking Spaces 5

Private Pool No

Building

Lot Description 31-35 Units/Acre, Back Yard, Yard

Story 2

Sewer Sewer Tap Paid

Water Public

New Construction No

Others

Senior Community No

Tax ID 7165009040

Energy Description 870.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Mike Marcu • Mike Marcu, Broker • 562-260-0940

GET MORE INFORMATION

Valerie Condon

Partner | Lic# 680245

+1(562) 400-5340

6621 East Pacific Coast Highway 150, Beach, CA, 90803

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1123 E Ocean BLVD