2625 E Ocean Boulevard

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2625 E Ocean Boulevard

Long Beach, CA 90803
Asking Price
$5.50M
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for acquisition at 2625 E Ocean Boulevard.
  • The site consists of two distinct residential rental units.
  • The property is currently listed at an asking price of $5,495,000.
  • The asset is situated in the coastal city of Long Beach.
  • Long Beach offers a strong residential submarket within Southern California.

What's Special

This multifamily property is available for sale at 2625 E Ocean Boulevard in Long Beach, California. The asset functions as an apartment building, providing a potential acquisition for investors seeking residential income streams in this coastal urban environment. With two units, the property offers a manageable footprint for those focused on small-scale multifamily holdings in a well-established submarket. Long Beach maintains a robust presence within the Southern California economy, supported by its proximity to major transit corridors and a dense population base. Residents here benefit from easy access to the Pacific coastline and a variety of local services, making it a sustainable location for long-term residential leasing. Investors targeting this sector will find the location conducive to steady rental demand given the high density and regional appeal of the greater Los Angeles area.

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NOI
$80,000
Cap Rate
1.46%
DSCR
0.25
Underwater
Cash-on-Cash
-14.94%
Monthly Payment
$27,186.262
Annual Cash Flow
$-246,235.142

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