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1701 E Ocean Blvd
Long Beach, CA 90802
5.2% Cap Rate, Assumable Loan at 3.81%! · Multifamily Property For Sale
·
9 Units
Investment Highlights
- 9-units Trophy Asset in Prime Long Beach, just steps from the beach!
- (1) Two-Bedroom/Two-Bath (~1,200 Sq.Ft), (4) Two-Bedroom/One-Bath (~1,100 Sq.Ft), and (4) One-Bedroom/One-Bath (~700 Sq.Ft)
- (4) units will be delivered vacant at the COE, building operates at a 5.19% Cap Rate and 12.72 GRM!
- Minutes from Long Beach’s most desirable locations, including the Pike Outlets, Retro Row, Second Street, and the prospering Downtown Long Beach!
- Assumable loan available at a fixed rate of 3.81% through Aug. 2028
Property Facts
| No. Units | 9 | Building Size | 8,388 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1958 |
| Building Class | C | Parking Ratio | 0.95/1,000 SF |
| Lot Size | 0.15 AC | ||
| Zoning | R4R, Long Beach | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 8,388 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 0.95/1,000 SF |
| Zoning | R4R, Long Beach |
Amenities
Unit Amenities
- Fireplace
- Microwave
- Ceiling Fans
- Crown Molding
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $2,298 | 700 |
| 2+1 | 4 | $3,023 | 1,100 |
| 2+2 | 1 | $3,295 | 1,200 |
Property Taxes
| Parcel Number | 7265-018-040 | Improvements Assessment | $724,158 |
| Land Assessment | $1,086,244 | Total Assessment | $1,810,402 |
Property Taxes
Parcel Number
7265-018-040
Land Assessment
$1,086,244
Improvements Assessment
$724,158
Total Assessment
$1,810,402
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