2223 E. Ocean Blvd


Investment Highlights

Executive Summary

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).


2223 E. Ocean Blvd
1650000 List Price
4 Units
2812 Sq.Ft
0.1264 Lot Size (Sq.Ft)
6 Bedrooms
4 Full Bathrooms
3% Cap Rate
21 GRM (Gross Rent Multiplier)
412500 Per Door
586 Per Square Foot
412,500 Per Unit

Year Built:
Property Type:
Investment, Fourplex, Multifamily, Apartment