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    2223 E Ocean

    Long Beach, CA 90803
    • $1,850,000
    • STATUS: CONTINGENT
    • ON SITE: 44 days
    • ID#: 302573043
    Under Contract
    UPDATED: 40 min ago
    $1,850,000
    • 6
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:

    School Ratings & Info

    Description

    Multi-unit Apartment in Long Beach across the street from the ocean with great upside potential. The property is located in the highly sought-after tree-lined Bluff Park Historic District. Well-maintained with plenty of curb appeal, this building is classic Southern California, just steps away from the beach. Each unit has a special feel with plenty of natural light. The units presently consist of a large 3 br 1 ba; a 2 br 1 ba; and a 1 br 1 ba in the main building and 2 studios in a separate building. Th Multi-unit Apartment in Long Beach across the street from the ocean with great upside potential. The property is located in the highly sought-after tree-lined Bluff Park Historic District. Well-maintained with plenty of curb appeal, this building is classic Southern California, just steps away from the beach. Each unit has a special feel with plenty of natural light. The units presently consist of a large 3 br 1 ba; a 2 br 1 ba; and a 1 br 1 ba in the main building and 2 studios in a separate building. The property is close to shops, restaurants, and public transportation and the area is a great place to walk, jog, and bike near family friendly parks, a farmers market and a dog park. Halfway between downtown Long Beach and Belmont Shores, people love to live here and the place stays rented. Some off street parking. Across the street is the Long Beach Museum of Art which houses fascinating exhibits. You can visit the museums gourmet ocean view caf, Claires, where you can sip a delicious latte or a glass of wine and watch the world go by. This 1923 building shows as a duplex on tax records. The main building has 3 units. The studio over garage was given a guest quarters permit in the 1940's. The non-conforming garage studio conversion was done years before present owner's purchase in 1987. Buyer to check with Long Beach City and Assessor's office for details and possible "ADU" conversion. See Virtual Drone Tour, floor pl and pictures.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS, Inc. Licensed in the state of California.
    www.dreamlivingsd.com/homes/107301079
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    2223 E Ocean Long Beach, CA 90803

    • Price: $1,850,000
    • Status: CONTINGENT
    • Updated: 40 min ago
    • ID#: 302573043
    6
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    1923
    Built
    Neighborhood:
    Bluff Park (Blf)
    County:
    Los Angeles
    Area:
    Long Beach (90803)
    Property Description
    Multi-unit Apartment in Long Beach across the street from the ocean with great upside potential. The property is located in the highly sought-after tree-lined Bluff Park Historic District. Well-maintained with plenty of curb appeal, this building is classic Southern California, just steps away from the beach. Each unit has a special feel with plenty of natural light. The units presently consist of a large 3 br 1 ba; a 2 br 1 ba; and a 1 br 1 ba in the main building and 2 studios in a separate building. Th Multi-unit Apartment in Long Beach across the street from the ocean with great upside potential. The property is located in the highly sought-after tree-lined Bluff Park Historic District. Well-maintained with plenty of curb appeal, this building is classic Southern California, just steps away from the beach. Each unit has a special feel with plenty of natural light. The units presently consist of a large 3 br 1 ba; a 2 br 1 ba; and a 1 br 1 ba in the main building and 2 studios in a separate building. The property is close to shops, restaurants, and public transportation and the area is a great place to walk, jog, and bike near family friendly parks, a farmers market and a dog park. Halfway between downtown Long Beach and Belmont Shores, people love to live here and the place stays rented. Some off street parking. Across the street is the Long Beach Museum of Art which houses fascinating exhibits. You can visit the museums gourmet ocean view caf, Claires, where you can sip a delicious latte or a glass of wine and watch the world go by. This 1923 building shows as a duplex on tax records. The main building has 3 units. The studio over garage was given a guest quarters permit in the 1940's. The non-conforming garage studio conversion was done years before present owner's purchase in 1987. Buyer to check with Long Beach City and Assessor's office for details and possible "ADU" conversion. See Virtual Drone Tour, floor pl and pictures.
    Exterior Features

    Exterior Stucco Parking Garage Desc Unit1 Assigned Pool N/K Roof Tile/Clay Site CurbsSidewalks Topography Level Units With Patios 2 View CityGreenbeltOcean

    Interior Features

    Cooling Other/Remarks Heat Equipment Other/Remarks Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Units With Cooling 1 Units With Range Oven 5 Units With Refrigerators 5 Units With Washers 0

    Property Features

    Actual Cap Rate 3.2 Annual Expense Actual 29634 Assessments Yes/Remarks Buildings 2 Gross Rent Multiplier Actual 20.8 Gross Scheduled Income Actual 78480 Home Owners Fees 0.0 Sewer Septic Sewer Connected Tenant Pays Cable Tv Terms CashConventionalExchange Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 29400.0 Unit2 Rent Actual 20340.0 Unit3 Rent Actual 17940.0 Unit4 Rent Actual 10800.0 Water Meter On Property Zoning Lbr3s

    Listing provided courtesy of Re/Max Estate Properties. Listing information © 2020 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS, Inc. Licensed in the state of California.
     
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