FOR SALE
$2,200,000

930 E Ocean Boulevard
Long Beach, CA 90802

Business Opportunities
Commercial
3,529
Sq. Ft.
0.09
Acre Lot
Courtesy: John McCann - Lyon Stahl Investment Real Estate, Inc.; Email: [email protected]
Agent Websites> California> Long Beach> 90802
Introducing 930 E Ocean Boulevard, an investment opportunity in the heart of Long Beach, California (90802). This meticulously maintained property comprises six units, featuring a well-balanced mix of two 2-bedroom/1-bathroom unit, three 1-bedroom/1-bathroom units, and one unpermitted studio unit. The owner recently executed a comprehensive remodel. The upgrades include fresh paint, a new roof, and termite repairs, ensuring a no hassle investment for prospective buyers. Notably, three of the units have undergone full remodels, adding a touch of modern sophistication. This prime investment opportunity not only offers a stable income stream with a gross income of $134,100 and a solid net income of $89,124 annually but also addresses Long Beach's parking challenges. With an on-site garage and additional parking spaces, this property provides a valuable solution to the city's parking constraints. Strategically situated on East Ocean Boulevard, this property is not only an income generator but holds potential for long term appreciation. The well-designed unit mix, recent renovations, and dedicated on-site parking make it an attractive investment. Investors will appreciate the strategic location, quality renovations, and the thoughtful inclusion of on-site parking that 930 E Ocean Boul
CL24351813
Business Opportunities, Other
Los Angeles
1988
0.09 Acres
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Courtesy: John McCann - Lyon Stahl Investment Real Estate, Inc.; Email: [email protected]

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