$3,500,000

Estimated payment $19,691/month

Total Views 1,588
2 Beds
1 Bath
4,712 Sq Ft
$743 Price per Sq Ft

Highlights

  • 0.19 Acre Lot
  • Long Beach Polytechnic High School Rated A
  • Laundry Room

About This Home

Pleased to present the opportunity to acquire The Ocean Blvd Fourplex, a 4 unit apartment building located in the Alamitos Beach area of Long Beach, CA. The property offers an excellent mix of units including (4) large 2 bedroom 1 bath units each facing the ocean with 6 detached garages, a rare benefit in coastal Long Beach.
Current zoning allows for huge development potential including replacing the existing structure with a four story building consisting of (12) 2 bedroom 1 bath units or maintaining the existing structure and utilizing the open space to build (4) ADU's. This is a unique opportunity for an investor to acquire an asset in a premium location with massive potential.

Listing Agent

Ryan Pratt

Skyline Commercial Real Estate Brokerage Phone: 714-767-7039 License #02179841 Listed on: 08/15/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,878

Year Built

  • Built in 1919

Lot Details

  • 8,269 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 6 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 4,712 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 18 / 52
  • Tax Tract Number 576
  • Assessor Parcel Number 7265018038
  • $1,027 per year additional tax assessments

Community Details

Overview

  • 4 Units
  • Alamitos Beach Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,660
  • Water Sewer Expense $1,270
  • Operating Expense $53,486
  • Gross Income $127,124
  • Net Operating Income $70,794

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,878

Year Built

Built in 1919

Lot Details

0

Parking

6

Listing Details

  • Price Per Unit: 875000
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 1270.00
  • Zoning: LBR4R
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 7265018038
  • Year Built: 1919
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 742.78

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 8269.00
  • Lot Size Acres: 0.1898

Multi Family

  • Gross Income: 127124.00
  • Gross Scheduled Income: 128124.00
  • Insurance Expense: 3660.00
  • Lot Size Area: 8269.0000 Square Feet
  • Net Operating Income: 70794.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 53486.00
  • Rent Control: No
  • Total Expenses: 53486.00
  • Vacancy Allowance: 3844
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Block: 52
  • Tax Census Tract: 5766.02
  • Tax Lot: 18
  • Tax Tract Number: 576...
  • TaxOtherAnnualAssessmentAmount: 1027.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
2025 $7,878 $563,419 $416,076 $147,343
2024 $7,878 $552,372 $407,918 $144,454
2023 $7,745 $541,542 $399,920 $141,622
2022 $7,293 $530,925 $392,079 $138,846
2021 $7,122 $520,516 $384,392 $136,124
2020 $7,102 $515,180 $380,451 $134,729
2019 $7,021 $505,080 $372,992 $132,088
2018 $6,754 $495,178 $365,679 $129,499
2016 $6,194 $475,951 $351,480 $124,471
2015 $5,958 $468,803 $346,201 $122,602
2014 $5,935 $459,621 $339,420 $120,201
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2025 08/15/25 For Sale $3,500,000 -- $743 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Servicelink
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- First American Title Company
Grant Deed -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $526,000 New Conventional
Closed $429,200 New Conventional
Closed $427,000 New Conventional
Closed $430,000 New Conventional
Closed $400,000 New Conventional
Closed $402,000 New Conventional
Previous Owner $373,500 New Conventional
Previous Owner $375,000 Unknown
Previous Owner $378,000 Unknown
Previous Owner $286,500 Unknown
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP25184444

California Regional Multiple Listing Service (CRMLS)

APN: 7265-018-038