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Stacey Alysson Melman

1325 E Ocean
Long Beach, CA, 90802
$3,125,000
Beds
0 Baths
0 SqFt
0.19 Acres
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MLS #PW26214101 image #0
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.
AGENT: Robert Stepp
LISTING BROKERAGE: Keller Williams Realty Downey
1325 E Ocean
Long Beach, CA

Property Details

Price:
$3,125,000
MLS #:
PW26214101
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Commercial/Residential
Subdivision:
Alamitos Beach AB
Neighborhood:
4downtownareaalamitosbeach
Listed Date:
Oct 1, 2026
Total Sq Ft:
8,986
Lot Size:
8,266 sqft / 0.19 acres (approx)
Year Built:
1914
4 – Downtown Area, Alamitos Beach4downtownareaalamitosbeachAlamitos Beach Ab
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Exterior

Common Walls
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Financial

Maintenance Fee
$6,300
Net Operating Income
$171,749

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Community

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