930 East Ocean Boulevard
930 East Ocean Boulevard
$2,200,000
7
6
3,529
3,529
$623
Description
Introducing 930 E Ocean Boulevard, an investment opportunity in the heart of Long Beach, California (90802). This meticulously maintained property comprises six units, featuring a well-balanced mix of two 2-bedroom/1-bathroom unit, three 1-bedroom/1-bathroom units, and one unpermitted studio unit. The owner recently executed a comprehensive remodel. The upgrades include fresh paint, a new roof, and termite repairs, ensuring a no hassle investment for prospective buyers. Notably, three of the units...Introducing 930 E Ocean Boulevard, an investment opportunity in the heart of Long Beach, California (90802). This meticulously maintained property comprises six units, featuring a well-balanced mix of two 2-bedroom/1-bathroom unit, three 1-bedroom/1-bathroom units, and one unpermitted studio unit. The owner recently executed a comprehensive remodel. The upgrades include fresh paint, a new roof, and termite repairs, ensuring a no hassle investment for prospective buyers. Notably, three of the units have undergone full remodels, adding a touch of modern sophistication. This prime investment opportunity not only offers a stable income stream with a gross income of $134,100 and a solid net income of $89,124 annually but also addresses Long Beach's parking challenges. With an on-site garage and additional parking spaces, this property provides a valuable solution to the city's parking constraints. Strategically situated on East Ocean Boulevard, this property is not only an income generator but holds potential for long term appreciation. The well-designed unit mix, recent renovations, and dedicated on-site parking make it an attractive investment. Investors will appreciate the strategic location, quality renovations, and the thoughtful inclusion of on-site parking that 930 E Ocean Boulevard presents. Don't miss the chance to acquire a premium property in the thriving Long Beach market, poised for both immediate returns and long-term value.
- Listed by John McCann • DRE #01963932 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.
Property Details for 930 East Ocean Boulevard
Water Front
Ocean
ZoningLBPD5
Parcel Number7265005001
Total Units6.0
Living Area3529
Source Living AreaVendor Enhanced
AreaDowntown Area, Alamitos Beach (4)
Vacancy RateNo
Location
LISTING UPDATED: 04/18/2024 09:41 AM
Property Details for 930 East Ocean Boulevard
Status | Active |
---|---|
MLS # | 24-351813 |
Days on Market | 102 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1988 |
Lot Size | 0.09 AC / 3,854 SF |
County | Los Angeles County |
Location
Building Information for 930 East Ocean Boulevard
Stories2Residences-Year Built1988Building Size-Lot Size0.09 AC / 3,854 SF
Payment Calculator
$14,245 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 930 East Ocean Boulevard
Property History for 930 East Ocean Boulevard
Date | Event & Source | Price | Appreciation |
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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 930 East Ocean Boulevard
Taxable ValueLand$1,338,620Additions$669,309Total$2,007,929
Tax Record2023$26,868 ($2,239 / month)
Home Facts
Total Finished SqFt3,529 SqFtAbove Grade Finished SqFt3,529 SqFtLot Size3,854 SqFtStyleMulti-Family Res (5+ Units)Year Built1988ZoningLBPD5CountyLOS ANGELESAPN7265-005-001
Schools near 930 East Ocean Boulevard
This home is within Long Beach Unified School District.
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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