1123 E Ocean Blvd Long Beach, CA 90802
Alamitos Beach Neighborhood
3
Beds
3
Baths
3,816
Sq Ft
8,276
Sq Ft Lot
Highlights
- 0.19 Acre Lot
- Private Yard
- Laundry Room
- Long Beach Polytechnic High School Rated A
- No HOA
About This Home
As of November 2024Located in the coveted Alamitos Beach community, just steps from the sand, this Trophy Location boasts two units with unobstructed ocean views. The building at 1123 E Ocean Blvd is a charming example of early 1900s architecture, complete with high ceilings, built-in cabinetry, hardwood floors, and spacious, light-filled floor plans. This four-unit property occupies an 8,200 square foot lot zoned R-4-R, allowing moderate density with height restrictions. It comprises three one-bedroom apartments, one two-bedroom apartment, and a single-story structure housing five garages. Additionally, there's a storage shed in the expansive yard behind the units. The opportunity to construct two more ADU units could significantly increase income and property value. Tenants are responsible for their gas and electricity, while the landlord covers water and trash services. A laundry room is conveniently located on the ground floor within the secure entryway. Fully capitalizing on this property's potential could boost net income by over 120%, establishing it as a premier Pride of Ownership asset.
Last Agent to Sell the Property
Mike Marcu, Broker Brokerage Phone: 562-260-0940 License #00919594 Listed on: 07/23/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,555
Year Built
- Built in 1915
Lot Details
- 8,276 Sq Ft Lot
- Two or More Common Walls
- Private Yard
- Back Yard
- Density is 31-35 Units/Acre
Parking
- 5 Car Garage
Home Design
- Quadruplex
Interior Spaces
- 3,816 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Leased Washer and Dryer
Utilities
- Sewer Paid
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 040
- Tax Tract Number 9
- Assessor Parcel Number 7165009040
Community Details
Overview
- No Home Owners Association
- 4 Units
Amenities
- Laundry Facilities
Building Details
- 3 Leased Units
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $300
- Fuel Expense $870
- Gardener Expense $800
- Insurance Expense $1,840
- Maintenance Expense $1,500
- Other Expense $500
- Trash Expense $1,398
- Water Sewer Expense $2,500
- New Taxes Expense $24,375
- Operating Expense $33,083
- Gross Income $1,200
- Net Operating Income $68,917
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 23, 2024
Closed on
Oct 23, 2024
Sold by
Kelly And Monica Masuda Living Trust and Masuda Kelly K
Bought by
Hm Homes Inc
Seller's Agent
Mike Marcu
Mike Marcu, Broker
Buyer's Agent
NoEmail NoEmail
None MRML
List Price
$1,950,000
Sold Price
$1,675,000
Premium/Discount to List
-$275,000
-14.1%
Total Days on Market
77
Views
32
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.34%
Original Mortgage
$1,717,500
Outstanding Balance
$1,707,288
Interest Rate
6.09%
Mortgage Type
Construction
Estimated Equity
-$19,288
Purchase Details
Closed on
Dec 8, 2010
Sold by
Shay Properties Llc
Bought by
Masuda Kelly K and Masuda Monica M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$498,400
Interest Rate
4.43%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 22, 2008
Sold by
Jaisle Peter
Bought by
Shay Properties Llc
Purchase Details
Closed on
Mar 19, 2003
Sold by
Gardner Jill
Bought by
Jaisle Peter
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$357,000
Interest Rate
5.79%
Purchase Details
Closed on
Nov 7, 2001
Sold by
Gardner Jill
Bought by
Gardner Jill and Jaisle Peter
Purchase Details
Closed on
Sep 8, 1999
Sold by
Frost Roger A
Bought by
Gardner Jill
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,335
Interest Rate
7.76%
Mortgage Type
FHA
Purchase Details
Closed on
Jun 21, 1999
Sold by
Frost Susan
Bought by
Frost Roger A
Purchase Details
Closed on
Jun 12, 1996
Sold by
Franzen Lloyd T
Bought by
Franzen Lloyd T and Franzen Evelyn R
Purchase Details
Closed on
Apr 6, 1996
Sold by
Franzen Lloyd T
Bought by
Franzen Lloyd T and Franzen Evelyn R
Purchase Details
Closed on
Feb 10, 1995
Sold by
Frost Arthur J
Bought by
Frost Dennis J and Frost Roger A
Similar Homes in Long Beach, CA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,675,000 | California Title | |
| Grant Deed | -- | Accommodation | |
| Grant Deed | -- | Southland Title Corporation | |
| Interfamily Deed Transfer | -- | Fidelity National Title Co | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $57,745 | United Title Company | |
| Grant Deed | $57,745 | United Title | |
| Grant Deed | $57,745 | United Title Company | |
| Grant Deed | $57,745 | United Title | |
| Grant Deed | $57,745 | United Title | |
| Grant Deed | $57,745 | United Title | |
| Gift Deed | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | $35,000 | Gateway Title | |
| Interfamily Deed Transfer | -- | Gateway Title Co | |
| Interfamily Deed Transfer | -- | Gateway Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,717,500 | Construction | |
| Previous Owner | $498,400 | New Conventional | |
| Previous Owner | $100,000 | Unknown | |
| Previous Owner | $750,000 | Unknown | |
| Previous Owner | $357,000 | No Value Available | |
| Previous Owner | $356,000 | Unknown | |
| Previous Owner | $356,000 | Unknown | |
| Previous Owner | $333,335 | FHA |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/24/2025 05/24/25 | For Sale | $2,399,000 | +43.2% | $629 / Sq Ft |
| 11/05/2024 11/05/24 | Sold | $1,675,000 | -14.1% | $439 / Sq Ft |
| 10/08/2024 10/08/24 | Pending | -- | -- | -- |
| 07/23/2024 07/23/24 | For Sale | $1,950,000 | -- | $511 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $14,555 | $1,098,373 | $631,251 | $467,122 |
| 2023 | $14,311 | $1,076,837 | $618,874 | $457,963 |
| 2022 | $13,440 | $1,055,724 | $606,740 | $448,984 |
| 2021 | $13,163 | $1,035,025 | $594,844 | $440,181 |
| 2019 | $12,976 | $1,004,327 | $577,201 | $427,126 |
| 2018 | $12,611 | $984,635 | $565,884 | $418,751 |
| 2016 | $11,596 | $946,403 | $543,911 | $402,492 |
| 2015 | $11,133 | $932,188 | $535,741 | $396,447 |
| 2014 | $10,791 | $890,000 | $656,700 | $233,300 |
Source: Public Records
Agents Affiliated with this Home
-
Mark Perez
Seller's Agent in 2025
Mark Perez
Circle Real Estate
(562) 754-0660
112 Total Sales
-
Mike Marcu
Seller's Agent in 2024
Mike Marcu
Mike Marcu, Broker
1 in this area
19 Total Sales
-
NoEmail NoEmail
N
Buyer's Agent in 2024
NoEmail NoEmail
None MRML
(646) 541-2551
2 in this area
5,572 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC24150606
APN: 7265-009-040
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