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Listed by Brigitte Schroeder, DRE #01705827 • MJC Realty
$ 4,900,000
Est. payment /mo
Price Dropped by $75K
4915 E Ocean Long Beach, CA 90803
5,106 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW26084370
Year Built 1930
Lot Size 5,106 Sqft
Source California Regional MLS
Property 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.
Location
State CA
County Los Angeles
Area 1 - Belmont Shore/Park, Naples, Marina Pac, Bay Hrbr
Interior
Laundry None
Exterior
Parking Features No Parking
Pool 31, None
View Ocean
Building
Water District - Public
Others
Tax ID 7247020025
Special Listing Condition Not Applicable
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