Seller's Agent in 2025
Parker Boehle
NorthMarq Realty Services, Inc
(310) 988-8361
1 in this area
7 Total Sales
1701 E Ocean Blvd Long Beach, CA 90802
Alamitos Beach Neighborhood
14
Beds
10
Baths
8,388
Sq Ft
6,753
Sq Ft Lot
Highlights
- Golf Course Community
- 0.16 Acre Lot
- Bike Trail
- Long Beach Polytechnic High School Rated A
- Laundry Room
- Dog Park
About This Home
As of February 2025Assumable Loan Available at only 3.81%! Located in the heart of Alamitos Beach, just steps away from the iconic shoreline, 1701 E. Ocean Blvd. offers an ideal opportunity to acquire a Corner Lot, 9-unit Trophy property in one of Long Beach’s most coveted neighborhoods. This Legacy property is operating at a strong 5.19% Cap Rate and 12.72 GRM!
The Ocean Blvd. apartments have been extremely well maintained and upgraded by ownership. In recent years, the building has had major renovations to both the plumbing and roof. Inside, units feature built-in cabinetry, new quartz countertops, vintage crown molding, hardwood flooring, and large dining rooms with arched walkways that highlight the building’s timeless charm. Tenants enjoy the luxury of being just minutes from some of Long Beach’s most desirable locations, including the Pike Outlets, Retro Row, Second Street, Bixby Park, and the prospering Downtown
Long Beach!
Totaling just under 8,400 Sq.Ft., the property includes an exceptional unit mix of (1) Two-Bedroom/Two-Bath (~1,200 Sq.Ft.), (4) Two-Bedroom/One-Bath units (~1,100 Sq.Ft.), and (4) One-Bedroom/One-Bath units (~700 Sq.Ft.). Each unit offers ample closet and storage space, and select units offer washer/dryer hookups and private patios! There is a community laundry room on-site, offering additional convenience. There are a total of (8) parking spaces, including (5) garages and (3) tandem spots for tenants. These spaces could also be viewed as a potential ADU, being on the back corner of the lot.
With four units being delivered vacant and an assumable loan at only 3.81% through Aug. 2028, this is an incredibly rare opportunity to cash flow on one of Long Beach’s most sought-after streets! Whether you are looking for stable cash flow or a property with long-term appreciation potential, this property is a rare find in today’s market!
Last Agent to Sell the Property
NorthMarq Realty Services, Inc Brokerage Phone: 310-988-8361 License #02054215 Listed on: 12/10/2024
Co-Listed By
NorthMarq Realty Services, Inc Brokerage Phone: 310-988-8361 License #01290116
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1958
Lot Details
- 6,753 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 5 Car Garage
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 8,388 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 14 Bedrooms
- 10 Bathrooms
Laundry
- Laundry Room
- Washer and Electric Dryer Hookup
Outdoor Features
- Exterior Lighting
- Rain Gutters
Listing and Financial Details
- Legal Lot and Block 20 / 52
- Tax Tract Number 1851
- Assessor Parcel Number 7265018040
- $1,851 per year additional tax assessments
Community Details
Recreation
- Golf Course Community
- Dog Park
- Bike Trail
Building Details
- 9 Separate Electric Meters
- 9 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $92,662
- Gross Income $298,820
- Net Operating Income $197,257
Additional Features
- 9 Units
- Laundry Facilities
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
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/20/2025 02/20/25 | Sold | $3,620,000 | -4.7% | $432 / Sq Ft |
| 01/07/2025 01/07/25 | Pending | -- | -- | -- |
| 12/10/2024 12/10/24 | For Sale | $3,799,999 | -- | $453 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Parker Boehle
-
Brent Sprenkle
Seller Co-Listing Agent in 2025
Brent Sprenkle
NorthMarq Realty Services, Inc
(310) 621-8221
1 in this area
9 Total Sales
-
Thomas Cole
T
Buyer's Agent in 2025
Thomas Cole
The Realestate Group
(310) 421-4407
1 in this area
2 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC24244770
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