825 East Ocean Boulevard
825 East Ocean Boulevard
Closed 1/19/22
Closed 1/19/22
Description
825 E. Ocean Blvd consists of One large 1 Bedroom and 1 Bath unit floor plan, TWO large 2bedroom and 1 Bath floor plan and ONE large Studio which offers amenities like
- Stove
- Dishwasher
- Washer/Dryer in units
- Tankless water heaters
- Keyless Entry
- New Countertops
- Soft Close Cabinetry
- Modern Fixtures
- Updated...WE ARE pleased to present the opportunity to acquire 825 E. Ocean Blvd, 4-unit multifamily investment property located in Long Beach, one of the premier housing markets in Southern California.
825 E. Ocean Blvd consists of One large 1 Bedroom and 1 Bath unit floor plan, TWO large 2bedroom and 1 Bath floor plan and ONE large Studio which offers amenities like
- Stove
- Dishwasher
- Washer/Dryer in units
- Tankless water heaters
- Keyless Entry
- New Countertops
- Soft Close Cabinetry
- Modern Fixtures
- Updated kitchen and bathrooms
- Beautiful Hardwood Flooring
- Recessed Lighting
- Full Bath
- Garages for additional income
Additionally Ocean property offers Amenities Including Ocean Views, Private Patios and Balconies and a Central Courtyard.
825 E. Ocean Blvd is located in the highly sought-after Alamitos Beach neighborhood and is just steps away from Junipero Beach and Alamitos Beach, two of the city’s most popular beaches. The property is also within walking distance to Retro Row, which offers numerous shopping, dining, and entertainment options. 825 E. Ocean Blvd is under a mile away from The Promenade and the Pike Outlets, providing residents with easy access to a plethora of shopping and dining destinations. Given the overall strength of the apartment market in Long Beach, specially Alamitos Beach, 825 E. Ocean Blvd offers an investor the ability to capture quality tenants seeking an exceptional living experience within a vibrant neighborhood. The areas surrounding the property provide tenants convenient access to a wide variety of activities, employment, transportation and retail amenities. This overall demand for a well-located and intensively renovated apartment building will be a key driver in the continued growth and success at 825 E. Ocean Blvd.
- Listed by Alec Kara • DRE #02030808 • Brokerage DRE #01917184 • Keller Williams Pacific Estate
Property Details for 825 East Ocean Boulevard
Location
Sold By eXp Realty of California Inc, Khanh Nguyen, DRE #02141929
Property Details for 825 East Ocean Boulevard
| Status | Closed |
|---|---|
| MLS # | PW21200551 |
| Days on Market | 122 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1922 |
| Lot Size | 0.09 AC / 4,072 SF |
| County | Los Angeles County |
Location
Sold By eXp Realty of California Inc, Khanh Nguyen, DRE #02141929
Building Information for 825 East Ocean Boulevard
Payment Calculator
$12,613 per month
30 year fixed, 7.25% Interest
$10,506
$2,107
$0
Property Information for 825 East Ocean Boulevard
- Gross Income: $115,178
- Gross Scheduled Income: $118,740
- Net Operating Income: $84,122
- Financing: Conventional
- Operating Expense: $32,056
- Electric Expense: $1,430
- Insurance Expense: $1,688
- Trash Expense: $2,800
- Water Sewer Expense: $1,200
- Total Expenses: $7,118
- Tax Block: 59
- Tax Tract Number: N/A
- Tax Census Tract: 5766.01
- CFD/Mello-Roos Fee: $773
- Tax Lot: 8
- Community Features: Dog Park, Park, Watersports, Sidewalks, Street Lights
- Laundry: Yes
- Laundry Features: Dryer Included, Washer Included
- Fireplace Features: Living Room
- Fireplace Rooms: Living Room
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Lot Features: Near Public Transit, Yard
- Number Of Units: 4
- Land Lease: No
- Land Lease Type: Fee
- Levels: Two
- Sewer: Other
- Sewer/Septic: Other/Remarks
- Water Source: Public
- Garage Spaces: 2
- Parking Garage Spaces: 2
- Carport Spaces: 0
- Builders Tract Name: Alamitos Beach
- Builders Tract Code: Alamitos Beach (AB)
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 0
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $2,200
- Unit Type Total Rent: $2,200
- Unit Type Pro Forma: 2450
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 0
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $2,922
- Unit Type Total Rent: $2,922
- Unit Type Pro Forma: 3200
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 0
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $2,922
- Unit Type Total Rent: $2,922
- Unit Type Pro Forma: 3200
- Unit Type Type: 3
- Unit Type Units Total: 1
- Unit Type Beds Total: 0
- Unit Type Baths Total: 0
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $1,450
- Unit Type Total Rent: $1,450
- Unit Type Pro Forma: 1900
- Unit Type Type: 4
- Rent Controlled: Yes
- Number Of Buildings: 2
- Number Of Separate Electric Meters: 4
- Number Of Separate Gas Meters: 4
- Number Of Separate Water Meters: 4
Property History for 825 East Ocean Boulevard
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 825 East Ocean Boulevard
Schools near 825 East Ocean Boulevard
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Stevenson Elementary School PublicK to 5 | ||
Franklin Classical Middle School Public6 to 8 | ||
Polytechnic High School Public9 to 12 | ||
Renaissance High School For The Arts Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Keller Williams Pacific Estate, Alec Kara, DRE #02030808
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.