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1325 E Ocean Blvd, Long Beach, CA 90802
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1325 E Ocean Blvd Long Beach, CA 90802

$3,312,500 Sold Price as of 05/16/2019
  • 16 Beds
  • 8 Baths
  • 8,786 Sq.Ft.
Sold
$3,312,500 Sold Price as of 05/16/2019 Refinance Your Mortgage
Map preview of 1325 E Ocean Blvd, Long Beach, CA 90802

Property Overview: 1325 E Ocean Blvd Long Beach, CA has 16 bedrooms, 8 bathrooms, 8,786 living square feet and 8,266 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present an eight unit multi-family community located at in Long Beach, CA 90802. Located right in the heart of Alamitos Beach, the subject property was built in two phases, the first building in 1914 and the rear building in the 1980s. The buidilng consists of approximately 8,786 rentable square feet on an approximately 8,265 square foot lot. The building consists of six large two bedroom / one bathroom units, one large one bedroom / one bathroom unit, and one three bedroom / one bathroom unit. The building has undergone some recent renovation, with new paint, new cabinetry, new countertops, new flooring, and new landscaping just some of the upgrades recently completed. The units are very large and four of them have washer/dryer hookups inside their units, while three have private patios, and there is also an on-site laundry room for tenant’s convenience. Furthermore, with a “Walk Score” of 70, this location is deemed to be “very walkable” where most errands can be accomplished by foot. The tenants benefit from its proximity to Downtown Long Beach and Alamitos Beach, with the many restaurants, shops and various other entertainment options all within a short walk or bike ride from the property. This is an absolutely incredible opportunity to acquire a turn-key, true pride of ownership multi family asset in one of the most desirable locations in the city and would be a great addition to any investor’s portfolio.

Listed by Kevin King | BRE #01158184 | Marcus & Millichap
Co-listed by Ryan Gonzalez | BRE #01874815 | Marcus & Millichap
Last checked: 16 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 58

Home details

Lot Sq. Ft
8,266
HOA Dues
$0/mo
Year built
1914
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
PW19049751
City
Long Beach
County
Los Angeles
Time on Site
1382 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Electric Meters: 8
  • # of Gas Meters: 8
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,500
  • Total Rent: $2,500
  • Pro Forma/Market Rent: $2,550
Unit Breakdown 2
  • # of Units: 6
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,150
  • Total Rent: $13,950
  • Pro Forma/Market Rent: $2,475
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,500
  • Total Rent: $2,550
  • Pro Forma/Market Rent: $2,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $227,400
  • Net Operating Income: $146,428
  • Gross Operating Income: --
  • Laundry Income: $1,200
Annual Expense Breakdown
  • Total Operating Expense: $73,350
  • Electric: $1,323
  • Gas/Fuel: $1,323
  • New Taxes: $44,387
  • Trash: $1,323
  • Insurance: $6,900
  • Maintenance: $5,400
  • Professional Management: $8,871
  • Water/Sewer: $1,323
  • Other Expenses: $2,500
  • Other Expense Description: Misc/AD

Property Details for 1325 E Ocean Blvd

Interior Features
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Washer Hookup
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 8
  • Parcel Number: 7265014038
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer, Septic Type Unknown, Unknown
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Alamitos Beach (AB)
  • Directions: Ocean BLVD and Esperanza Ave.
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 1325 E Ocean Blvd

Last sold for $3,312,500 on May 16th, 2019

  • December, 2019

  • Dec 1, 2019

    Date

    Expired

    CRMLS: PW19125547

    $1,995

    Price

  • Oct 17, 2019

    Date

    Withdrawn

    CRMLS: PW19125547

    $1,995

    Price

  • Aug 3, 2019

    Date

    Price Change

    CRMLS: PW19125547

    $1,995

    Price

  • May 29, 2019

    Date

    Active

    CRMLS: PW19125547

    $2,395

    Price

  • Listing provided courtesy of CRMLS

    Multiple addresses: 1327 1/2, 1331 1/2, and 1333 1/2 E. Ocean Blvd. 2 Bedroom/1 Bath units, 748 Sq. Ft. now available. Beautiful remodeled building located across fro Alamitos Beach, near Shoreline Village, minutes from the Pike Outlet (shopping and eateries) and public transportation (Bus and Blue Line). Gate access. Large newly renovated units, hardwood flooring in living room. New window blinds and new ceiling fan. Remodeled kitchen with hardwood flooring, newly installed white cabinetry, new white tile back splash, new dishwasher. One small pet 30lbs or less welcome with an additional deposit of $500, a monthly charge of $35 pet-rent and a pet-license. No-Section-8. *****BE SURE TO ASK FOR $1,000 DISCOUNT!***** This is a month-to-month rental agreement. To view this unit please come into our office at Belmont Brokerage and Management, Inc. 647 E. 4th St., Long Beach CA 90802 between 9-4 PM Monday-Saturday, please bring a $30.00 CASH refundable deposit and your ID.

  • May, 2019

  • May 17, 2019

    Date

    Sold

    CRMLS: PW19049751

    $3,312,500

    Price

  • May 2, 2019

    Date

    Pending

    CRMLS: PW19049751

    $3,558,000

    Price

  • Mar 5, 2019

    Date

    Active

    CRMLS: PW19049751

    $3,558,000

    Price

  • May, 2019

  • May 16, 2019

    Date

    Sold (Public Records)

    Public Records

    $3,312,500

    Price

  • April, 2018

  • Apr 20, 2018

    Date

    Sold (Public Records)

    Public Records

    $2,410,000

    Price

Show More

Tax History for 1325 E Ocean Blvd

Assessed Value (2020): $3,379,360
Year Land Value Improved Value Assessed Value
2020 $2,358,750 $1,020,610 $3,379,360

Home Value Compared to the Market

This property vs the competition

1325 E Ocean Blvd sold on May 16, 2019 for 344.75% higher than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $404.96 per/sqft which puts the price per square foot 35.92% lower than the current median sale per square foot for the city of Long Beach.

About 1325 E Ocean Blvd

Detailed summary of property

1325 E Ocean Blvd is a multi family that recently sold in Long Beach, CA 90802. This multi family property offered 16 bedrooms, 8 bathrooms, roughly 8,786 living square feet, and sits on an approximately 8,266 square foot lot. 1325 E Ocean Blvd was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $3,312,500. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 344.75% higher than the current median priced home. Local homes that are currently for sale include 6062 Atlantic Ave, 16052 Waikiki Ln and 16861 Green Ln. While the average home in Long Beach, CA is selling in 54 days, 1325 E Ocean Blvd has a days on market of 58 days. There are currently 610 homes for sale in the Long Beach real estate market and 349 of them are single family homes while 248 of them are condos and 13 are townhomes. For more information on this home for sale at 1325 E Ocean Blvd Long Beach, CA 90802 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1325 E Ocean Blvd

Public county record property details
Beds
12
Baths
8
Year built
1914
Sq. Ft.
8,786
Lot Size
8,265
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
17
APN
7265-014-038

The source for these homes facts are from public records.

90802 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$530,000
Median List Price/Sq.Ft.
$627
Median Sold Price
$540,000
Median Sold Price/Sq.Ft.
$627
Total Inventory
127
Median Sale to List Price %
102.86%
Avg Days on Market
37
Loan Type
Conventional (51.52%), FHA (3.03%), VA (3.03%), Cash (24.24%), Other (15.15%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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