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3637 E Ocean Blvd 8 Unit Apartment Building $3,750,000 ($468,750/Unit) 3.47% Cap Rate Long Beach, CA 90803
Investment Highlights
- Four (4) one-bedroom, one-bath units
- Ten (10) on-site garages
- Recent electrical upgrades and new 100-gallon water heater (2025)
- Four (4) studio, one-bath units
- Fully occupied
- On-site community laundry
Executive Summary
Rare Portfolio Offering – Portfolio or Individual Sales Considered. Once-in-a-generation opportunity to acquire well-located, income-producing property across the street from the beach and Bluff Park. This is the first time this property has been on the market since 1976. 3637 E. Ocean Blvd. features a strong operating history, long-term investment appeal, spacious floor plans, and desirable unit mixes. -Fully occupied -Eight (8) residential units -Four (4) one-bedroom, one-bath units -Four (4) studio, one-bath units -Ten (10) on-site garages with parking space in front -Recent electrical upgrades and new 100-gallon water heater (2025) -On-site community laundry The offering includes: 3704 East 2nd St & 127–129 Grand Ave., Long Beach, CA 90803 (3 units); 3637 Ocean Blvd., Long Beach, CA 90803 (8 units); 108–110 Redondo Ave., Long Beach, CA 90803 (7 units).
Data Room Click Here to Access
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,750,000 | Apartment Style | Low-Rise |
| Price Per Unit | $468,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 3.47% | Building Size | 6,446 SF |
| Gross Rent Multiplier | 18.73 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1942 |
| Property Subtype | Apartment | Parking Ratio | 3.1/1,000 SF |
| Zoning | LBR4R - High rise residential | ||
| Price | $3,750,000 |
| Price Per Unit | $468,750 |
| Sale Type | Investment |
| Cap Rate | 3.47% |
| Gross Rent Multiplier | 18.73 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 6,446 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1942 |
| Parking Ratio | 3.1/1,000 SF |
| Zoning | LBR4R - High rise residential |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Views
- Freezer
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $2,398 | - |
| Studios | 4 | $1,725 | - |
1 1
Walk Score®
Very Walkable (86)
Property Taxes
| Parcel Number | 7256-004-016 | Improvements Assessment | $266,351 |
| Land Assessment | $2,367,592 | Total Assessment | $2,633,943 |
Property Taxes
Parcel Number
7256-004-016
Land Assessment
$2,367,592
Improvements Assessment
$266,351
Total Assessment
$2,633,943
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Presented by
Flynn Investments Inc
3637 E Ocean Blvd
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