4915 E Ocean Blvd - Apartments FOR SALE


Long Beach, CA 90803
$3,995,000 USD
714-713-9086
4915 E Ocean Blvd, Long Beach, CA for Sale
$3,995,000 USD
Apartments - FOR SALE
1/11
null | 4.64% Cap Rate

4915 E Ocean Blvd
Long Beach, CA 90803


HIGHLIGHTS

  • Unparalleled Belmont Shore Location Just Steps from the Beach | Features a Diverse Mix of Spacious Studio, One, & Two-Bedroom Floor Plans
  • 8 Units to be Delivered Vacant & 4 Units Eligible for Rental Increases Upon Close of Escrow
  • Highly-Desirable Ocean Views Available from Select Units
  • Controlled Access with Interior Hallways
  • Steps Away from Rosie’s Dog Beach, Long Beach City Beach, & Belmont Veterans Memorial Pier
  • Within Walking Distance to 2nd Street, the Heart of Belmont Shore & Home to a Plethora of Retail, Dining, & Entertainment Options

OVERVIEW

The Leeson Group and The Sterman Multifamily Group of Marcus & Millichap, as the exclusive listing agents, are pleased to present the opportunity to acquire Seashore Apartments, a rare 12-unit multifamily investment property located in the prime Belmont Shore neighborhood of Long Beach, CA. Seashore Apartments offers a diverse mix of studio, one, and two-bedroom floor plans as well as amenities including a secured entry way, a common area side yard, spacious floor plans with large closet spaces, and ocean views from select units. Seashore Apartments benefits from its unparalleled Belmont Shore location, steps away from the sand of Rosie’s Dog Beach and the Belmont Veterans Memorial Pier. Residents enjoy the property’s idyllic location within walking distance of the abundance of retail, dining, and entertainment options at Belmont Shore’s 2nd Street (see Offering Memorandum). Seashore Apartments is just over 1.50 miles from Retro Row, a lively corridor of Long Beach’s most unique and vibrant shops and restaurants (see Offering Memorandum). The property is also just over 1.50 miles from 2nd & PCH, a recently developed open-air mall, providing residents with convenient access to a plethora of everyday needs. Furthermore, residents enjoy Seashore Apartments’ close proximity to Pacific Coast Highway, providing easy access to neighboring coastal cities and employment hubs. The property’s ideal Belmont Shore location surrounded by an abundance of recreational, entertainment, and retail amenities is a primary draw for potential renters. This overall demand for well-located rental units will be a key driver in the continued growth and success at Seashore Apartments. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

FOR SALE DETAILS

PRICE

$3,995,000 USD

PRICE/SF

$477 USD /SF

# OF UNITS

12

PRICE/UNIT

$332,917

CAP RATE

4.64%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Seashore Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

-

APN/PARCEL ID

7247-020-025

ASK ABOUT THIS PROPERTY

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.