4915 E Ocean, Long Beach, CA 90803
- $4,975,000
- List Price
- $4,975,000
- Status
- ACTIVE
- MLS#
- PW26084370
- Year Built
- 1930
- Lot Size
- 5,106
- Acres
- 0.12
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 127
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
- Neighborhood
- Belmont Shore (Bsd)
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.
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Additional Information
- Pool Description
- None
- View
- Ocean
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 11
- Gross Scheduled Income
- $342,060
- Operating Expense
- 119721
Listing courtesy of Listing Agent: Brigitte Schroeder (talk2brigitte@gmail.com) from Listing Office: MJC Realty.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.