Marcus & Millichap is pleased to present 1711 East Ocean Boulevard, a partially renovated 14-unit apartment building just steps from the sand in Long Beach, California. This propertys excellent condition and coveted location just across Ocean Boulevard from the beach make it an excellent investment opportunity with substantial potential upside in rents.
The offering consists of a 14-unit apartment building with 11 one-bedroom and three studio units that are separately metered for gas and electricity. Many of the units have been renovated and boast hardwood flooring, new windows, new bathrooms, and new kitchens with modern cabinetry, stainless steel appliances and granite countertops. The property also features shared laundry, copper plumbing and attractive landscaping.
In addition to being just a short walk from the water, 1711 East Ocean Boulevard is well-located near Bixby Park and offers convenient access to the numerous popular dining, shopping and entertainment options available in both Downtown Long Beach and Belmont Shore.
Long Beach has been experiencing rapid redevelopment in recent years, with billions of dollars worth of private and public developments currently underway. 1711 East Ocean Boulevard is located in the Alamitos Beach neighborhood, a particularly dense rental submarket in Long Beach with historically low vacancy rates.
