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

$1,925,000 Sold Price as of 01/19/2022
  • 5 Beds
  • 0 Baths
  • 3,750 Sq.Ft.
Sold
$1,925,000 Sold Price as of 01/19/2022 Refinance Your Mortgage

Map preview of 825 E Ocean Blvd, Long Beach, CA 90802

Property Overview: 825 E Ocean Blvd Long Beach, CA has 5 bedrooms, -- bathrooms, 3,750 living square feet and 4,072 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: WE ARE pleased to present the opportunity to acquire 825 E. Ocean Blvd, 4-unit multifamily investment property located in Long Beach, one of the premier housing markets in Southern California. 825 E. Ocean Blvd consists of One large 1 Bedroom and 1 Bath unit floor plan, TWO large 2bedroom and 1 Bath floor plan and ONE large Studio which offers amenities like - Stove - Dishwasher - Washer/Dryer in units - Tankless water heaters - Keyless Entry - New Countertops - Soft Close Cabinetry - Modern Fixtures - Updated kitchen and bathrooms - Beautiful Hardwood Flooring - Recessed Lighting - Full Bath - Garages for additional income Additionally Ocean property offers Amenities Including Ocean Views, Private Patios and Balconies and a Central Courtyard. 825 E. Ocean Blvd is located in the highly sought-after Alamitos Beach neighborhood and is just steps away from Junipero Beach and Alamitos Beach, two of the city’s most popular beaches. The property is also within walking distance to Retro Row, which offers numerous shopping, dining, and entertainment options. 825 E. Ocean Blvd is under a mile away from The Promenade and the Pike Outlets, providing residents with easy access to a plethora of shopping and dining destinations. Given the overall strength of the apartment market in Long Beach, specially Alamitos Beach, 825 E. Ocean Blvd offers an investor the ability to capture quality tenants seeking an exceptional living experience within a vibrant neighborhood. The areas surrounding the property provide tenants convenient access to a wide variety of activities, employment, transportation and retail amenities. This overall demand for a well-located and intensively renovated apartment building will be a key driver in the continued growth and success at 825 E. Ocean Blvd.

Listed by Alec Kara | BRE #02030808 | Keller Williams Pacific Estate
Last checked: 9 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 122

Home details

Lot Sq. Ft
4,072
HOA Dues
$0/mo
Year built
1922
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW21200551
City
Long Beach
County
Los Angeles
Time on Site
979 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $2,200
  • Pro Forma/Market Rent: $2,450
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 0
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,922
  • Total Rent: $2,922
  • Pro Forma/Market Rent: $3,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 0
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,922
  • Total Rent: $2,922
  • Pro Forma/Market Rent: $3,200
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,450
  • Total Rent: $1,450
  • Pro Forma/Market Rent: $1,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $118,740
  • Net Operating Income: $84,122
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $32,056
  • Electric: $1,430
  • Trash: $2,800
  • Insurance: $1,688
  • Water/Sewer: $1,200

Property Details for 825 E Ocean Blvd

Interior Features
Laundry Information
  • Has Laundry
  • Dryer Included, Washer Included
Fireplace Information
  • Has Fireplace
  • Living Room
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
Lot Information
  • Lot Features: Near Public Transit, Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 7265003037
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Other
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Alamitos Beach (AB)
  • Directions: COMING FROM 710 FREEWAY TO DOWNTOWN Long Beach . TURN LEFT ONTO OCEAN BLVD AND PROPERTY WILL BE ON THE LEFT .
Neighborhood Information
  • Community Features: Dog Park, Park, Watersports, Sidewalks, Street Lights
View more facts & features

Local Long Beach Agent

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Sale History for 825 E Ocean Blvd

Last sold for $1,925,000 on January 19th, 2022
  • September, 2021

  • Sep 10, 2021

    Date

    Active

    CRMLS: PW21200551

    $1,995,000

    Price

  • September, 2021

  • Sep 9, 2021

    Date

    Expired

    CRMLS: OC21062547

    $1,885,000

    Price

  • Jul 6, 2021

    Date

    Withdrawn

    CRMLS: OC21062547

    $1,885,000

    Price

  • Mar 25, 2021

    Date

    Active

    CRMLS: OC21062547

    $1,885,000

    Price

  • Listing provided courtesy of CRMLS

    825 East Ocean Boulevard is a 4-unit multifamily investment property located in Long Beach, one of the premier housing markets in Southern California. Built in 1922 and 1933, 825 East Ocean Boulevard offers an excellent unit mix consisting of studio, one, and two-bedroom units. The property offers amenities including gated access, ocean views, private patios and balconies, garage parking, a central courtyard, and in-unit laundry. The property has undergone recent renovations including keyless entry, new countertops, recessed lighting, soft close cabinetry, modern fixtures, bathroom flooring, and more 825 East Ocean Boulevard is located in the highly desirable Alamitos Beach neighborhood and is steps away from Alamitos Beach, one of the Long Beach's most popular beaches.

  • November, 2020

  • Nov 14, 2020

    Date

    Expired

    CRMLS: PW20155538

    $1,895,000

    Price

  • Sep 8, 2020

    Date

    Price Change

    CRMLS: PW20155538

    $1,895,000

    Price

  • Aug 3, 2020

    Date

    Active

    CRMLS: PW20155538

    $1,995,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present a 4 unit apartment building located in Long Beach, California. Built in 1922, the subject property is located in Alamitos Beach in Long Beach and consists of 3,750 rentable square feet spread throughout a 4,071 square foot lot. All the units have been recently remodeled and upgraded.There is one studio unit, one 1 bedroom / 1 bathroom unit and two 2 bedroom / 2 bathroom units. Some units have ocean views. There are two garages in the rear of the building which is a premium for this location. The subject property is also separately metered for gas and electricity which helps keep expenses to a minimum. Owners enjoy the high demand for rentals in a coastal city of Southern California. Tenants enjoy living across the street from the ocean and near Downtown Long Beach where there are shops, restaurants, cafes, entertainment centers and grocery stores. Walkscore 92- Daily errands do not require a car.

  • December, 2019

  • Dec 21, 2019

    Date

    Canceled

    CRMLS: PW19210133

    $2,100,000

    Price

  • Sep 4, 2019

    Date

    Active

    CRMLS: PW19210133

    $2,100,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present 825 E Ocean at the corner of Ocean/Alamitos. Comprised of two 2 bed/2 bath units, one 1 bed and a studio, this trophy property is the gateway to the emerging Downtown Long Beach. The property offers tenants a vibrant lifestyle that includes an onsite courtyard and two garage spaces. Upgraded electrical and plumbing and unit renovations. We are offering a true 4.17% cap rate on Ocean Blvd.

  • April, 2019

  • Apr 9, 2019

    Date

    Canceled

    CRMLS: 19427068

    $2,180,000

    Price

  • Mar 5, 2019

    Date

    Price Change

    CRMLS: 19427068

    $2,180,000

    Price

  • Jan 24, 2019

    Date

    Active

    CRMLS: 19427068

    $2,250,000

    Price

  • Listing provided courtesy of CRMLS

    The subject property is a fully renovated, non-rent controlled, fourplex built in 1922 and located in the Alamitos Beach submarket of Long Beach, across the street from the ocean. Ideally situated in Alamitos Beach, two of the four units have harbor and city views and is situated within a pedestrian friendly neighborhood and is just a short walk from the beach, Bixby Park, Bluff Park, Retro Row, and the booming East Village Arts District in Downtown Long Beach. The property boasts a mix of two 2 bedroom, 2 bathroom units, one 1 bedroom, one bath unit and one studio. Each unit has a unique floor plan, the upper 2+2 has a large 200 sf private deck, and the lower 2+2 has a ½ basement and a deck and a yard. The prime location allows occupants to enjoy all of Alamitos Beach's world famous entertainment, dining and culture, within the comfort of a quiet and luxurious apartment. The improvements are built on a 4,071 square foot lot with a total rentable square footage of 3,750.

  • August, 2018

  • Aug 12, 2018

    Date

    Expired

    CRMLS: SR18139605

    $2,250,000

    Price

  • Jun 12, 2018

    Date

    Active

    CRMLS: SR18139605

    $2,250,000

    Price

  • Listing provided courtesy of CRMLS

    GREAT RENTAL INCOME STEPS FROM THE BEACH! YOU CANNOT BEAT THIS LOCATION OR CASH FLOW! Own an income producing 4-unit beach property with Harbor views. Located in Alamitos Beach just steps away from the beach & downtown Long beach where urban living meets the waterfront. Close to some of the best amenities south of LA and in the city's most bike-friendly and walk-able neighborhood. Moments away from East Village Arts District, Pike Shopping Center, Queen Mary, Long Beach Aquarium, Catalina Island Express Ferries, Bixby Park and the great dining options in Long Beach. All 4 units come fully furnished and have a "private living" atmosphere with their own separate entrances. Front 2 units are both 2 bed/ 2 bath units and over 1100 sqft each, upgraded with tile and wood/laminate flooring, upgraded kitchens and bathrooms, newer appliances, double pane windows. The upstairs unit has a massive outdoor deck (10x20), perfect for entertaining. The 1 bed/1 bath unit is approximately 900 sqft with a private entrance, fully upgraded. The studio is also upgraded, 450 sqft. Other features include 2 separate garages with automatic doors, 1/2 basement for storage, a large upstairs deck, and smaller downstairs deck. All units have direct access to a lovely courtyard complete with landscaping and sidewalks. AND YES a YARD in downtown Long Beach!

  • June, 2018

  • Jun 22, 2018

    Date

    Canceled

    CRMLS: SR18136539

    $2,250,000

    Price

  • Jun 12, 2018

    Date

    Active

    CRMLS: SR18136539

    $2,250,000

    Price

  • Listing provided courtesy of CRMLS

    GREAT RENTAL INCOME STEPS FROM THE BEACH! YOU CANNOT BEAT THIS LOCATION OR CASH FLOW! Own an income producing 4-unit beach property with Harbor views. Located in Alamitos Beach just steps away from the beach & downtown Long beach where urban living meets the waterfront. Close to some of the best amenities south of LA and in the city's most bike-friendly and walk-able neighborhood. Moments away from East Village Arts District, Pike Shopping Center, Queen Mary, Long Beach Aquarium, Catalina Island Express Ferries, Bixby Park and the great dining options in Long Beach. All 4 units come fully furnished and have a "private living" atmosphere with their own separate entrances. Front 2 units are both 2 bed/ 2 bath units and over 1100 sqft each, upgraded with tile and wood/laminate flooring, upgraded kitchens and bathrooms, newer appliances, double pane windows. The upstairs unit has a massive outdoor deck (10x20), perfect for entertaining. The 1 bed/1 bath unit is approximately 900 sqft with a private entrance, fully upgraded. The studio is also upgraded, 450 sqft. Other features include 2 separate garages with automatic doors, 1/2 basement for storage, a large upstairs deck, and smaller downstairs deck. All units have direct access to a lovely courtyard complete with landscaping and sidewalks. AND YES a YARD in downtown Long Beach!

  • September, 2016

  • Sep 9, 2016

    Date

    Sold (Public Records)

    Public Records

    $1,410,000

    Price

  • October, 2013

  • Oct 25, 2013

    Date

    Sold (Public Records)

    Public Records

    $899,000

    Price

Show More

Tax History for 825 E Ocean Blvd

Assessed Value (2020): $1,496,302
Year Land Value Improved Value Assessed Value
2020 $971,005 $525,297 $1,496,302

Home Value Compared to the Market

This property vs the competition

825 E Ocean Blvd sold on January 19, 2022 for 143.75% 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 $520 per/sqft which puts the price per square foot 17.72% lower than the current median sale per square foot for the city of Long Beach.

About 825 E Ocean Blvd

Detailed summary of property

825 E Ocean Blvd is a multi family that recently sold in Long Beach, CA 90802. This multi family property offered 5 bedrooms, -- bathrooms, roughly 3,750 living square feet, and sits on an approximately 4,072 square foot lot. 825 E Ocean Blvd was first listed on ArdentRealEstateGroup.com on September 10, 2021. The homeowner sold the property for $1,925,000. 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 143.75% higher than the current median priced home. Local homes that are currently for sale include 2529 E 10th St, 1050 Molino Ave and 522 E Rhea St. While the average home in Long Beach, CA is selling in 51 days, 825 E Ocean Blvd has a days on market of 122 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 825 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 825 E Ocean Blvd

Public county record property details
Beds
6
Baths
4
Year built
1922
Sq. Ft.
3,750
Lot Size
4,071
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
7265-003-037

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.
$630
Median Sold Price
$540,000
Median Sold Price/Sq.Ft.
$627
Total Inventory
130
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%)

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Related Resources to 825 E Ocean Blvd

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.