Active
930 E Ocean Boulevard
Long Beach CA, 90802
$2,400,000
$680.08 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. 310-382-1063
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
February 21, 2025
Updated
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
8
Garage
Yes
Parking
Concrete, Door-Multi, Garage
Parking Total
4
View
No
County
Los Angeles
Pool
No
Waterfront
Yes
Waterfront Features
Ocean Front
Zoning
LBPD5
Listing Contact: 310-425-9838
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/21/2025. 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.
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Data last updated on 2/21/2025 at 5:59 PM UTC