1325 E. Ocean
- California
- Long Beach
Property Information
- Address: 1325 E. Ocean Blvd
- City: Long Beach
- State: California
- Zip Code: 90802
- Units: 9
- Price: $3,125,000
Property Financials
- Price per Unit: $347,222
- Price per SF: $348
- Current Cap Rate: 5.50%
- Market Cap Rate: 6.64%
- Current GRM: 11.90
- Market GRM: 10.37
Property Description
Highlights
- Rare Ocean Boulevard Location, Steps from the Beach
- All Units Have Been Upgraded – Select Units with In-Unit Washer/Dryers and/or Private Patios
- Diverse Unit Mix and Generous Floor Plans – Original Units Average ±1000 SF
- New Permitted Stand-Alone ADU Studio House with Enclosed Private Yard
- Capital Improvements Include: New Roof in 2019, Seismic Retrofitting, Double-Pane Windows
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