Marcus & Millichap is proud to present to market the exciting opportunity to acquire 3638 East Ocean Boulevard, the only fiveplex on the bluff in Long Beach’s sought-after Belmont Shore neighborhood. This is a highly affluent majority-renter neighborhood with an average household income over $100,000. Tenants of 3638 enjoy easy walking distance to the beach, Belmont Pier, Vons, Belmont Brewing Co, and Bluff Park, as well as being conveniently near the numerous dining and retail options on nearby 2nd Street.
3638 East Ocean Boulevard consists of a two-story 1956 construction building with a one-bed/one-bath penthouse, two additional one-bed/one-bath units, and two two-bed/one-bath units. All units are separately metered for gas and electricity. The property also offers five single-car garages and on-site laundry.
The building boasts an extensive list of recent upgrades, including slate bathroom flooring, stainless steel appliances, custom maple kitchen cabinetry, dual pane windows, granite countertops, a surveillance system and more.
3638 East Ocean Boulevard presents an excellent opportunity for an investor to acquire a renovated asset in a prime location and capture significant potential upside in rents.
Seller financing available. Contact listing agents for more details.
