3638 E Ocean Boulevard

    Long Beach, CA 90803
    • $2,650,000
    • STATUS: Active
    • ON SITE: 48 days
    • ID#: PW19228114
    UPDATED: 58 min ago
    $2,650,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,050
      SQFT
    • $654
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1956
    County:

    School Ratings & Info

    Description

    Opportunity to acquire 3638 East Ocean Boulevard, the only fiveplex on the bluff in Long Beach+GGs sought-after Belmont Shore neighborhood. This is a highly affluent majority-renter neighborhood with an average household income over $100,000. Tenants of 3638 enjoy easy walking distance to the beach, Belmont Pier, Vons, Belmont Brewing Co, and Bluff Park, as well as being conveniently near the numerous dining and retail options on nearby 2nd Street. 3638 East Ocean Boulevard consists of a two-story 1956 construction building with a one-bed/one-bath penthouse, two additional one-bed/one-bath units, and two two-bed/one-bath units. All units are separately metered for gas and electricity. The property also offers five single-car garages and on-site laundry.The building boasts an extensive list of recent upgrades, including slate bathroom flooring, stainless steel appliances, custom maple kitchen cabinetry, dual pane windows, granite countertops, a surveillance system and more.3638 East Ocean Boulevard presents an excellent opportunity for an investor to acquire a renovated asset in a prime location and capture significant potential upside in rents.Seller financing available. Contact listing agents for more details.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-13T09:31:08.993. 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 deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
    www.twissrealty.com/homes/99304954

    3638 E Ocean Boulevard Long Beach, CA 90803

    • Price: $2,650,000
    • Status: Active
    • Updated: 58 min ago
    • ID#: PW19228114
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    4,050
    SQFT
    $654
    $/SQFT
    1956
    Built
    Neighborhood:
    Belmont Heights (Bh)
    County:
    Los Angeles
    Area:
    2 - Belmont Heights, Alamitos Heights
    Property Description
    Opportunity to acquire 3638 East Ocean Boulevard, the only fiveplex on the bluff in Long Beach+GGs sought-after Belmont Shore neighborhood. This is a highly affluent majority-renter neighborhood with an average household income over $100,000. Tenants of 3638 enjoy easy walking distance to the beach, Belmont Pier, Vons, Belmont Brewing Co, and Bluff Park, as well as being conveniently near the numerous dining and retail options on nearby 2nd Street. 3638 East Ocean Boulevard consists of a two-story 1956 construction building with a one-bed/one-bath penthouse, two additional one-bed/one-bath units, and two two-bed/one-bath units. All units are separately metered for gas and electricity. The property also offers five single-car garages and on-site laundry.The building boasts an extensive list of recent upgrades, including slate bathroom flooring, stainless steel appliances, custom maple kitchen cabinetry, dual pane windows, granite countertops, a surveillance system and more.3638 East Ocean Boulevard presents an excellent opportunity for an investor to acquire a renovated asset in a prime location and capture significant potential upside in rents.Seller financing available. Contact listing agents for more details.
    Exterior Features

    Garage Spaces 5.00 Lot Features Rectangular Lot Lot Size Source Assessor Lot Size Units Square Feet Parking Total 5.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Community

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 3.61 Community Features Suburban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 151680.00 Gross Multiplier 17.61 Gross Scheduled Income 150480.00 Insurance Expense 0.00 Land Lease YN No Laundry Income 1200.00 Laundry YN Yes Net Operating Income 95747.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 0 Operating Expense 51418.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Belmont Heights (Bh) Total Expenses 51418.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Lbr2l

    Listing provided courtesy of Steven Bogoyevac of Steven M. Bogoyevac, Broker and Shane Young of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-13T09:31:08.993. 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 deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
     
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