Marcus & Millichap is pleased to present 1325 E Ocean Blvd, an eight unit multi-family community located in Long Beach, CA 90802. Located right in the heart of Alamitos Beach, the subject property was built in two phases, the first building in 1914 and the rear building in the 1980s. The buidilng consists of approximately 8,786 rentable square feet on an approximately 8,265 square foot lot. The building consists of six large two bedroom / one bathroom units, one large one bedroom / one bathroom unit, and one three bedroom / one bathroom unit.
The building has undergone some recent renovation, with new paint, new cabinetry, new countertops, new flooring, and new landscaping just some of the upgrades recently completed. The units are very large and four of them have washer/dryer hookups inside their units, while three have private patios, and there is also an on-site laundry room for tenant’s convenience.
Furthermore, with a “Walk Score” of 70, this location is deemed to be “very walkable” where most errands can be accomplished by foot. The tenants benefit from its proximity to Downtown Long Beach and Alamitos Beach, with the many restaurants, shops and various other entertainment options all within a short walk or bike ride from the property. This is an absolutely incredible opportunity to acquire a turn-key, true pride of ownership multi-family asset in one of the most desirable locations in the city and would be a great addition to any investor’s portfolio.
