CA > Long Beach
Long Beach, CA 90802,930 E Ocean Blvd
Long Beach, CA 90802,930 E Ocean Blvd
Long Beach, CA 90802,930 E Ocean Blvd
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$2,200,000
Est. payment /mo
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7 BD
6 BA
3,529 SqFt
New

930 E Ocean Blvd Long Beach, CA 90802

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Jill Miranda

Jill Miranda

Coldwell Banker West

+1(619) 248-1431

UPDATED:

02/10/2025 10:37 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,529 sqft

Price per Sqft $623

MLS Listing ID 25496551

Bedrooms 7

Year Built 1988

Lot Size 3,854 Sqft

Acres 0.0885

Property Sub-Type Multi-Family

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 investors seeking long-term growth and value appreciation in a highly sought-after neighborhood.

Location

State CA

County Los Angeles

Area Downtown Area, Alamitos Beach

Zoning LBPD5

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall/Window

Equipment None

Exterior

Parking Features Garage - 2 Car, On street, Driveway - Concrete

Garage Spaces 4.0

Building

Level or Stories Multi/Split

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Lyon Stahl Investment Real Estate, Inc.

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Jill Miranda

Agent | License ID: 01413799

+1(619) 248-1431

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930 E Ocean Blvd

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