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$ 4,975,000
Est. payment /mo
Active
4915 E Ocean Long Beach, CA 90803
5 Beds
5 Baths
5,106 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Belmont Shore (Bsd)
MLS Listing ID PW26084370
Bedrooms 5
Lot Size 5,106 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
PRIME INVESTMENT PROPERTY in a RARE OCEANFRONT location in Belmont Shore. This beautiful 10 (origially 12) unit apartment complex sits directly accross from the beach, with sparkling ocean views that will never be blocked! The property is being sold with 7 tenant-occupied units, with a substantial rental upside. The owners have begun significant improvements to elevate the building and maximize the rental income potential. Highlights are the prime unit under renovation with the best views, adding a shared laundry room, City of Long Beach permitting short-term rental for one unit, and Long Beach in the Spotlight for the 2028 Olympic.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Main cross streets- Bayshore Ave and S Termino Ave., near Rosie's Dog Beach
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 7247020025
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Listed by Brigitte Schroeder, DRE#01705827 MJC Realty