1325 E Ocean, Long Beach, CA 90802
Local realty services provided by:ERA North Orange County Real Estate
1325 E Ocean,Long Beach, CA 90802
$3,125,000
- - Beds
- - Baths
- 8,986 sq. ft.
- Multi-family
- Active
Listed by: robert stepp
Office: keller williams realty downey562-334-1500
MLS#:PW26214101
Source:CRMLS
Price summary
- Price:$3,125,000
- Price per sq. ft.:$347.76
About this home
1325 E. Ocean Boulevard presents a rare opportunity to acquire a well-maintained multifamily asset along one of Long Beach’s most desirable, beach-adjacent corridors. Offered at $3,125,000, the 9-unit property encompasses approximately 8,986 square feet and combines the architectural appeal and spacious floor plans of a vintage Long Beach property with meaningful capital improvements and additional income potential. The property features a diverse collection of (1) 3BD/1BA unit, (6) 2BD/1BA units, (1) 1BD/1BA unit, and a newly constructed detached studio ADU with enclosed private yard. The residences offer generously sized vintage floor plans with thoughtful interior upgrades throughout. Select units feature in-unit washers and dryers and/or private patios, providing amenities that enhance their competitive positioning within the coastal Long Beach rental market. Ownership has also invested in significant building improvements. The front building has been seismically retrofitted, the rear building features double-pane windows, and a new roof was installed in 2019. These improvements, together with the upgraded interiors and newly added ADU, provide an incoming investor with an improved physical asset while preserving the property's original character. At current operations, the property generates $262,500 in scheduled annual rental income and $171,749 in NOI. The pro forma projects scheduled rental income of approximately $301,440 and NOI of approximately $207,633, increasing the projected return to a 6.64% cap rate. This represents ±21% potential NOI growth through the realization of market rents. With its premier Ocean Boulevard location, spacious, upgraded units, substantial building improvements and identifiable income upside, 1325 E. Ocean Boulevard offers investors a compelling combination of coastal Long Beach real estate, vintage character, current cash flow and future revenue growth....
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Home facts
- Year built:1914
- Subdivision & Development:Alamitos Beach (AB)
- Listing ID #:PW26214101
- Added:2 day(s) ago
- Updated:October 04, 2026 at 10:38 AM
Rooms and interior
- Living area:8,986 sq. ft.
Structure and exterior
- Year built:1914
- Building area:8,986 sq. ft.
- Lot area:0.19 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$3,125,000
- Price per sq. ft.:$347.76
Features and amenities
- Laundry features:Inside
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