Seller represented by:
Eileen Rivera with Ge Dean And Associates

Buyer represented by:
Tom Chou with Win Newt Inc

1509 E Ocean Blvd Long Beach, CA 90802
  • Sold
  • Multi Family · 8 Units

1509 E Ocean Blvd Long Beach, CA 90802 Get directions

$3,025,000 $466/Sq. ft.
6,492 Sq. ft. 8,438 Sq. ft. Lot
  • Age 102 Years
  • MLS# RS19045269
  • Listed 12 Months 18 Days Ago

Overview

1509 E Ocean is a beautiful, well-maintained, smartly upgraded 8-unit property across the street from the beach. Situated in Alamitos Beach, this coastal community is between Downtown Long Beach and Bluff Park, and close to everything Long Beach has to offer. These one bedroom units have been beautifully renovated while maintaining the original character. Front units are large and have stunning ocean views. Units have laundry hookups, recessed lights, gorgeous hardwood floors, large kitchens, tons of closets and plenty of space. Property includes five attached garages for additional income. Major building improvements completed in 2013, including renovation and systems upgrades. This property has been in the family for close to 100 years and has been lovingly taken care of like a family member.

  • Seller represented by:
  • REALTOR ® Eileen Rivera with Ge Dean And Associates
  • Buyer represented by:
  • REALTOR ® Tom Chou with Win Newt Inc

Features

Appliances

  • Laundry Features: In Kitchen

Heating and Cooling

  • Heating Features: Wall Furnace
  • Heating: Yes

Interior Features

  • Flooring: Tile, Wood

Land Info

  • Lot Description: 0-1 Unit/Acre
  • Lot Size Acres: 0.1937098
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 8438

Garage and Parking

  • Garage Spaces: 5
  • Parking Total: 5

Manufactured and Mobile Info

  • Monthly Parking Fee: 750

Multi-Unit Info

  • Number of Units: 8

Rental Info

  • Tenant Pays: All Utilities

Amenities and Community Features

  • Community Features: Curbs, Sidewalks, Street Lights, Urban

Other Property Info

  • Source Listing Status: Closed
  • County: Los Angeles
  • Cap Rate: 4.90
  • Source Property Type: Multi-Family
  • Insurance Expense: 3420.00
  • Area: 4 - Downtown Area, Alamitos Beach
  • Source Neighborhood: Alamitos Beach (AB)
  • Parcel Number: 7265014018
  • Postal Code Plus 4: 5867
  • Subdivision: Alamitos Beach (AB)
  • Zoning: LBR4R
  • Source System Name: C2C

Commercial Info

  • Net Operating Income: 19385.00

Building and Construction

  • Total Square Feet Living: 6492.00
  • Year Built: 1918
  • Building Features: 2
  • Common Walls: 1 Common Wall
  • Property Age: 101
  • Property Attached: Yes
  • Roof: Flat
  • Levels or Stories: Two
  • Year Built Source: Assessor

Utilities

  • Sewer: Sewer: Public Sewer, Water Sewer Expense: 930.00
  • Water Source: Public

Nearby Schools

Rating School Grades Distance
6 Burbank Elementary School K-5 0.7 mi
5 Franklin Classical Middle School 6-8 0.6 mi
7 Polytechnic High School 9-12 1.6 mi
NA Carousel Private School PK-5 0.5 mi

School data provided by National Center for Education Statistics, Maponics, and GreatSchools. Intended for reference only. GreatSchools Ratings compare a school’s test performance to statewide results. To verify enrollment eligibility, contact the school or district directly.

Neighborhood

Property History for 1509 E Ocean Blvd

Property Tax

Property Price

Date Event Price Price / Sq ft Source
2020-08-25 Listing removed $0 CRMLS
2020-08-21 Listed for rent $1,695 $2 CRMLS
2019-10-05 Listing removed $0 CRMLS
2019-09-30 Listed for rent $1,575 CRMLS
2019-06-26 Sold - - CRMLS
2019-01-29 Listed $3,186,000 $490 CRMLS
2019-01-07 Listing removed $3,000,000 $462 CRMLS
2019-01-02 Listing removed $0 CRMLS
2018-08-30 Price Changed $3,000,000 $462 CRMLS
2018-03-20 Listed $3,200,000 $492 CRMLS

The price and tax history data is obtained from public records and/or MLS feeds from local jurisdiction. Contact your REALTOR® directly in order to obtain the most up-to-date information available.