Residential Income - 4915 E Ocean, Long Beach, CA

$4,900,000

4915 E Ocean, Long Beach, CA

4915 E Ocean, Long Beach, CA 90803 - $4,900,000 · Multi-Family Home for Sale, photo 3

4915 E Ocean, Long Beach, CA 90803 - $4,900,000 · Multi-Family Home for Sale, photo 4

4915 E Ocean, Long Beach, CA 90803 - $4,900,000 · Multi-Family Home for Sale, photo 5

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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.

Property details

Year built

1930

Property type

Residential Income

Lot size

5,106 sqft

Location

4915 E Ocean • Long Beach, CA 90803

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Listed by

Brigitte Schroeder · MJC Realty

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