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2223 E Ocean Blvd, Long Beach, CA 90803
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2223 E Ocean Blvd Long Beach, CA 90803

$1,650,000 Sold Price as of 05/19/2021
  • 6 Beds
  • 4 Baths
  • 2,812 Sq.Ft.
Sold
$1,650,000 Sold Price as of 05/19/2021 Refinance Your Mortgage
Map preview of 2223 E Ocean Blvd, Long Beach, CA 90803

Property Overview: 2223 E Ocean Blvd Long Beach, CA has 6 bedrooms, 4 bathrooms, 2,812 living square feet and 5,504 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: PRICE ENHANCEMENT ON THIS 4 LEGAL MULTI UNIT BUILDING WITH BEAUTIFUL CURB APPEAL. WITH A RECENTLY RENOVATED EXTERIOR AND AMMENITIES,INCLUDING NEW LANDSCAPING. THIS PROPERTY IN CLASSIC SOUTHERN CALIFORNIA! EACH UNIT HAS A SPECIAL FEEL AND SOME OCEAN VIEWS. THE CITY OF LONG BEACH HAS FINALLY UPDATED THE TAX RECORDS. THE 4 LEGAL UNITS CONSIST OF: 1) FRONT BUILDING -2225 OCEAN BLVD - LARGE 3 BEDROOM, 1 FULL BATH, LIVING ROOM, KITCHEN, YARD. 2) FRONT BUILDING -2223 Ocean Blvd - 1 BEDROOM, 1 FULL BATH, KITCHEN, LIVING ROOM (WINDOWS FACING THE OCEAN SIDE), 3) FRONT BUILDING - 2223 A OCEAN BLVD - 2 BEDROOM, 1 FULL BATH, LIVING ROOM WITH VAUILTED CEILING AND SKYLIGHTS, 4) BACK BUILDING - 2227 A - UPSTAIRS STUDIO WITH WINDOWS FACING OCEAN, FULL BATH, FULL KITCHEN, See the Virtual Drone Tour, floor plan and pictures. The property is close to shops, restaurants and public transportation The area is a great place to walk, jog, and bike near family friendly parks, a farmer’s market and a dog park. Halfway between downtown Long Beach and Belmont Shores, people love to live here and the place stays rented. Some off street parking. Across the street is the Long Beach Museum of Art with a gourmet ocean view café, Claire’s, where you can sip a delicious latte. BUYER TO COOPERATE WITH SELLER'S 1031 XCHANGE AT NO COST TO BUYER. (PROPERTY TO BE IDENTIFIED).

Listed by Maureen Megowan | BRE #01368971 | RE/MAX Estate Properties
Last checked: 8 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 291

Home details

Lot Sq. Ft
5,504
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Fourplex
Status
Sold
MLS#
PV20098364
City
Long Beach
County
Los Angeles
Time on Site
1406 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 4
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $29,400
  • Total Rent: $29,400
  • Pro Forma/Market Rent: $29,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $20,340
  • Total Rent: $20,340
  • Pro Forma/Market Rent: $20,340
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $17,940
  • Total Rent: $17,940
  • Pro Forma/Market Rent: $17,940
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $10,800
  • Total Rent: $10,800
  • Pro Forma/Market Rent: $10,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $78,480
  • Net Operating Income: $50,147
  • Gross Operating Income: $78,480
  • Gross Spendable Income: $50,147
Annual Expense Breakdown
  • Total Operating Expense: $28,333
  • Electric: $1,440
  • Gas/Fuel: $850
  • Licenses: $470
  • New Taxes: $19,250
  • Trash: $960
  • Insurance: $1,464
  • Maintenance: $1,659
  • Professional Management: $750
  • Water/Sewer: $1,200

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 2223 E Ocean Blvd

Interior Features
Cooling Information
  • Has Cooling
  • See Remarks
Heating Information
  • Has Heating
  • See Remarks
Laundry Information
  • Has Laundry
  • Community, Dryer Included, In Closet, Stackable, Washer Included
Room Information
  • Flooring: See Remarks, Tile, Wood
  • All Bedrooms Down, All Bedrooms Up, Kitchen, Main Floor Bedroom, See Remarks
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Balcony, Brick Walls, Ceiling Fan(s), Ceramic Counters, Open Floorplan, Tile Counters
  • Levels: Two
  • Window Features: Casement Windows, Double Pane Windows, Skylight(s), Wood Frames
  • Security Features: Resident Manager, Security Lights
Exterior Features
Exterior Information
  • Roof: Asphalt, Tile
  • Awning(s), Lighting
  • Has Fence
  • Wood
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 1
  • Has Parking
  • Parking Features: Assigned, Driveway
Lot Information
  • Lot Features: 2-5 Units/Acre, Front Yard, Garden, Landscaped, Level with Street, Lot Over 40000 Sqft, Rectangular Lot, Near Public Transit, Park Nearby
  • Lot Size Source: Taped
  • Common Interest: None
Property Information
  • Has View
  • View: Bluff, Catalina, City Lights, Coastline, Harbor, Neighborhood, Ocean, Park/Greenbelt, Peek-A-Boo
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 7264021013
  • Year Built Source: Assessor
  • Architectural Style: Craftsman
  • Entry Level: 1
  • Property is Attached
  • Property Condition: Additions/Alterations, Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Sewer Paid
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Buyer to Verify
Location / Neighborhood
Location Information
  • Subdivision Name: Bluff Park (BLF)
  • Other Subdivision Name: Belmont Heights (BH)
  • Directions: Take bridge or 7 FWY to Dtwn Long Beach, Exit, South on E Ocean Blvd to property.X street is Kennebec
  • Road Frontage Type: City Street
  • Road Surface Type: Gravel, Paved
Neighborhood Information
  • Community Features: Biking, Curbs, Park, Sidewalks, Storm Drains, Street Lights, Urban
View more facts & features

Local Long Beach Agent

Sale History for 2223 E Ocean Blvd

Last sold for $1,650,000 on May 19th, 2021

  • May, 2021

  • May 20, 2021

    Date

    Sold

    CRMLS: PV20098364

    $1,650,000

    Price

  • May 18, 2021

    Date

    Pending

    CRMLS: PV20098364

    $1,695,000

    Price

  • Apr 15, 2021

    Date

    Active Under Contract

    CRMLS: PV20098364

    $1,695,000

    Price

  • Apr 7, 2021

    Date

    Price Change

    CRMLS: PV20098364

    $1,695,000

    Price

  • Oct 24, 2020

    Date

    Price Change

    CRMLS: PV20098364

    $1,750,000

    Price

  • Sep 14, 2020

    Date

    Active

    CRMLS: PV20098364

    $1,850,000

    Price

  • Jul 25, 2020

    Date

    Active Under Contract

    CRMLS: PV20098364

    $1,850,000

    Price

  • Jun 27, 2020

    Date

    Active

    CRMLS: PV20098364

    $1,850,000

    Price

Tax History for 2223 E Ocean Blvd

Assessed Value (2020): $646,128
Year Land Value Improved Value Assessed Value
2020 $358,212 $287,916 $646,128

Home Value Compared to the Market

This property vs the competition

2223 E Ocean Blvd sold on May 19, 2021 for 111.87% 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 $602.77 per/sqft which puts the price per square foot 4.62% lower than the current median sale per square foot for the city of Long Beach.

About 2223 E Ocean Blvd

Detailed summary of property

2223 E Ocean Blvd is a fourplex that recently sold in Long Beach, CA 90803. This fourplex offered 6 bedrooms, 4 bathrooms, roughly 2,812 living square feet, and sits on an approximately 5,504 square foot lot. 2223 E Ocean Blvd was first listed on ArdentRealEstateGroup.com on July 11, 2020. The homeowner sold the property for $1,650,000. 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 111.87% higher than the current median priced home. Local homes that are currently for sale include 1717 Temple Ave, 1717 Temple Ave and 1825 Cherry Ave. While the average home in Long Beach, CA is selling in 51 days, 2223 E Ocean Blvd has a days on market of 291 days. There are currently 643 homes for sale in the Long Beach real estate market and 358 of them are single family homes while 270 of them are condos and 15 are townhomes. For more information on this home for sale at 2223 E Ocean Blvd Long Beach, CA 90803 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 2223 E Ocean Blvd

Public county record property details
Beds
2
Baths
2
Year built
1923
Sq. Ft.
2,475
Lot Size
5,504
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
12
APN
7264-021-013

The source for these homes facts are from public records.

90803 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,499,980
Median List Price/Sq.Ft.
$856
Median Sold Price
$1,600,000
Median Sold Price/Sq.Ft.
$672
Total Inventory
113
Median Sale to List Price %
100%
Avg Days on Market
57
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (43.75%), Other (6.25%)

Thinking of Selling?

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Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Recently Sold Homes Near 2223 E Ocean Blvd

29 Kennebec, Long Beach, CA 90803
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29 Kennebec
Long Beach, CA 90803
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2509 E 2nd St, Long Beach, CA 90803
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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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