Ocean Blvd Fourplex 1717 E Ocean Blvd 4 Unit Apartment Building $2,999,000 ($749,750/Unit) Long Beach, CA 90802

Skyline Commercial Advisors is pleased to present the opportunity to acquire The Ocean Blvd Fourplex, a 4 unit apartment building located in the Alamitos Beach area of Long Beach, CA. The property offers an excellent mix of units including (4) large 2 bedroom 1 bath units each facing the ocean with 6 detached garages, a rare benefit in coastal Long Beach.
Current zoning allows for huge development potential including replacing the existing structure with a four story building consisting of (12) 2 bedroom 1 bath units each around 1,200 sf or maintaining the existing structure and utilizing the open space to build (4) ADU's. This is a unique opportunity for an investor to acquire an asset in a premium location with massive potential.
The Ocean Blvd Fourplex is located between Gaviota Ave and Hermosa Ave on Ocean Blvd in the Alamitos Beach area of coastal Long Beach. Its location is just steps from the ocean, less than 1 mile from the Long Beach Convention Center and Shoreline Village, and easy access to the restaurants and storefronts on Broadway as well as the exciting Retro Row.  Long Beach is currently undergoing massive redevelopment and preparing for the multiple Olympic events that will be held in the city during the 2028 Olympic Games. Long Beach's close proximity to major Freeways and the ocean along with its schools and bustling downtown area make it a desirable place to live for residents working in Los Angeles or Orange County.
*Please do not disturb tenants or walk on the property.