Assumable Loan Available at only 3.81%! Located in the heart of Alamitos Beach, just steps away from the iconic shoreline, 1701 E. Ocean Blvd. offers an ideal opportunity to acquire a Corner Lot, 9-unit Trophy property in one of Long Beach’s most coveted neighborhoods. This Legacy property is operating at a strong 5.19% Cap Rate and 12.72 GRM! The Ocean Blvd. apartments have been extremely well maintained and upgraded by ownership. In recent years, the building has had major renovations to both the plumbing and roof. Inside, units feature built-in cabinetry, new quartz countertops, vintage crown molding, hardwood flooring, and large dining rooms with arched walkways that highlight the building’s timeless charm. Tenants enjoy the luxury of being just minutes from some of Long Beach’s most desirable locations, including the Pike Outlets, Retro Row, Second Street, Bixby Park, and the prospering Downtown Long Beach! Totaling just under 8,400 Sq.Ft., the property includes an exceptional unit mix of (1) Two-Bedroom/Two-Bath (~1,200 Sq.Ft.), (4) Two-Bedroom/One-Bath units (~1,100 Sq.Ft.), and (4) One-Bedroom/One-Bath units (~700 Sq.Ft.). Each unit offers ample closet and storage space, and select units offer washer/dryer hookups and private patios! There is a community laundry room on-site, offering additional convenience. There are a total of (8) parking spaces, including (5) garages and (3) tandem spots for tenants. These spaces could also be viewed as a potential ADU, being on the back corner of the lot. With four units being delivered vacant and an assumable loan at only 3.81% through Aug. 2028, this is an incredibly rare opportunity to cash flow on one of Long Beach’s most sought-after streets! Whether you are looking for stable cash flow or a property with long-term appreciation potential, this property is a rare find in today’s market!
Property Details
Property Features
Property Information:
Year Built: 1958
Stories: 2
Listing Office:
Office Name: NorthMarq Realty Services, Inc
Office Phone: (310) 988-8361
Listing Agent: Parker Boehle
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Garage Space: 5 spaces
Lot Features
Lot Information:
Lot Size: 0.15 Acres
Other
Directions Information:
Directions: Off Ocean Blvd. and Gaviota
Price Information
Listing Price Info
Price Summary:
List Price: $3,799,999
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Housing Market Comparison
See how this home compares to others in Long Beach, CA.
This property is $2.9M more than the Median Sold Price in Long Beach, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #OC24244770
Listing Office:
Office Name: NorthMarq Realty Services, Inc
Office Phone: (310) 988-8361
Listing Agent: Parker Boehle
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/17/2024, 11:55:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Burbank Elementary School
501 Junipero Ave
Distance between this listing and this school0.67 miles
Public District Grades KG-5
5
/10
Robert Louis Stevenson Elementary School
515 Lime Ave
Distance between this listing and this school0.90 miles
Public District Grades KG-5
5
/10
Mann Elementary School
257 Coronado Ave
Distance between this listing and this school1.04 miles
Public District Grades KG-5
Nearby Schools
4
/10
Franklin Classical Middle School
540 Cerritos Ave
Distance between this listing and this school0.67 miles
Public District Grades 6-8
7
/10
Jefferson Leadership Academies
750 Euclid Ave
Distance between this listing and this school1.53 miles
Public District Grades 6-8
3
/10
Washington Middle School
1450 Cedar Ave
Distance between this listing and this school1.90 miles
Public District Grades 6-8
Nearby Schools
5
/10
Renaissance High School for the Arts
235 E 8th St
Distance between this listing and this school1.33 miles
Public District Grades 9-12
1
/10
Clear Passage Educational Center
1471 Martin Luther King Jr Ave
Distance between this listing and this school1.43 miles
Public Charter Grades 9-12
6
/10
Polytechnic High School
1600 Atlantic Ave
Distance between this listing and this school1.64 miles
The neighbors living near this home have an average income of $55,517. Typical income of Long Beach, CA residents is between $35k-100k annually. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1701 E Ocean Blvd
What is the listing price of this property?
The listing price of 1701 E Ocean Blvd property is $3,799,999.
What type of property is this?
The property 1701 E Ocean Blvd is a condo located in Long Beach, California, 90802.
Is this property for sale now?
Active Listing: 1701 E Ocean Blvd is For Sale (Active/New) which means the seller is accepting offers.
Which year was this property built?
The year of construction for 1701 E Ocean Blvd is 1958.
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This home is located at 1701 E Ocean Blvd in Long Beach, CA and zip code 90802 in the The Harbor neighborhood. This home, which was built in 1958, sits on a 0.15 acre lot. It has been listed on Rocket Homes since December 10, 2024 and is currently priced at $3,799,999.
Over 66 listings were sold over their listed price in November 2024 in Long Beach, CA. In the same period over 64 listings were sold below the listed price and 32 listings were sold for the listed price. The number of homes for sale in Long Beach, CA decreased by 10.6% between October 2024 and November 2024. Listings spent 35 days on the market in November 2024, and had a median list price of $825,128 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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