CA > Long Beach
Long Beach, CA 90802,930 E Ocean Boulevard
Long Beach, CA 90802,930 E Ocean Boulevard
Long Beach, CA 90802,930 E Ocean Boulevard
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$2,200,000
Est. payment /mo
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3,529 SqFt
Active

930 E Ocean Boulevard Long Beach, CA 90802

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Disen Cai

Disen Cai

Keller Williams Peninsula Estates

+1(650) 622-2156

UPDATED:

02/18/2025 02:00 PM

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 3,529 sqft

Price per Sqft $623

MLS Listing ID CL25496551

HOA Y/N No

Year Built 1988

Lot Size 3,854 Sqft

Acres 0.09

Property Sub-Type Other

Property Description

Listed for $2,200,000, this six-unit multifamily property offers a prime investment opportunity in one of Long Beach's most desirable beachside locations. The building consists of (2) 2-bedroom/1-bath units, (3) 1-bedroom/1-bath units, and one unpermitted studio unit. One building was constructed in 1908 and the other was built in 1988. The property spans 3,529 rentable square feet on a 3,854-square-foot lot and provides tenants with a unique blend of coastal living and urban convenience. Currently generating $11,600 per month ($139,200 annually) in gross rental income, the property has a significant 30% upside, with projected market rents reaching $15,050 per month ($180,600 annually). At market rents, the property operates at a 6.00% cap rate and a 12.18 GRM, compared to its current 4.23% cap rate and 15.80 GRM. The net operating income (NOI) at market levels is estimated at $132,064 per year, offering substantial income growth potential. The property includes two garage spaces, two additional on-site parking spaces, and ample street parking nearby. Situated just steps from the beach and minutes from Downtown Long Beach, this location offers unparalleled access to local dining, entertainment, and outdoor recreation. This well-maintained asset presents a rare opportunity for inv

Location

State CA

County Los Angeles

Zoning LBPD

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Building

New Construction No

Others

Tax ID 7265005001

Bridge MLS
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by John McCann • Lyon Stahl Investment Real Estate, Inc.

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Disen Cai

Agent | License ID: 01928373

+1(650) 622-2156

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