1717 E Ocean Boulevard, Long Beach, California 90802, Long Beach, 90802 - bed, bath
ACTIVE$2,999,000
1717 E Ocean Boulevard, Long Beach, California 90802
0Bed
0Bath
4,712Sqft
8,269Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Premium Coastal Location: Situated directly on E Ocean Boulevard in the desirable Alamitos Beach area, all four units face the ocean, offering highly sought-after views and a prime location in Long Beach.
Top Cons:
Historic Property Age: Built in 1919, the property is over a century old, suggesting potential for deferred maintenance, outdated systems, and significant capital expenditure for modernization or full redevelopment.
Compared to the nearby listings
Price:$3.00M vs avg $3.00M (+$0)50%
Size:4,712 sqft vs avg 7,045 sqft20%
Price/sqft:$636 vs avg $35280%
More Insights
Built in 1919 (106 years old).
Condition: Built in 1919, this property is over a century old. The listing description focuses entirely on its development potential and land value, with no mention of any recent renovations or updates to the four units. Crucially, there are no interior images provided, which is a significant red flag for a property of this age. Without interior photos, it's highly probable that the kitchens, bathrooms, flooring, appliances, and other systems are significantly outdated and would require substantial repairs and rehabilitation to meet modern living standards. While the exterior appears maintained, the lack of interior information and the property's age strongly suggest the units are in a 'poor' condition, requiring significant investment beyond minor updates.
Year Built
1919
Close
-
List price
$3M
Original List price
$3.5M
Price/Sqft
$636
HOA
-
Days on market
-
Sold On
-
MLS number
NP25184444
Home ConditionPoor
Features
Excellent View:
View-
About this home
Pleased to present the opportunity to acquire The Ocean Blvd Fourplex, a 4 unit apartment building located in the Alamitos Beach area of Long Beach, CA. The property offers an excellent mix of units including (4) large 2 bedroom 1 bath units each facing the ocean with 6 detached garages, a rare benefit in coastal Long Beach. Current zoning allows for huge development potential including replacing the existing structure with a four story building consisting of (12) 2 bedroom 1 bath units or maintaining the existing structure and utilizing the open space to build (4) ADU's. This is a unique opportunity for an investor to acquire an asset in a premium location with massive potential.
Nearby schools
6/10
Burbank Elementary School
Public,•K-5•0.7mi
7/10
Stevenson Elementary School
Public,•K-5•0.9mi
6/10
Franklin Classical Middle School
Public,•6-8•0.7mi
6/10
Polytechnic High School
Public,•9-12•1.7mi
Condition Rating
Poor
Built in 1919, this property is over a century old. The listing description focuses entirely on its development potential and land value, with no mention of any recent renovations or updates to the four units. Crucially, there are no interior images provided, which is a significant red flag for a property of this age. Without interior photos, it's highly probable that the kitchens, bathrooms, flooring, appliances, and other systems are significantly outdated and would require substantial repairs and rehabilitation to meet modern living standards. While the exterior appears maintained, the lack of interior information and the property's age strongly suggest the units are in a 'poor' condition, requiring significant investment beyond minor updates.
Pros & Cons
Pros
Premium Coastal Location: Situated directly on E Ocean Boulevard in the desirable Alamitos Beach area, all four units face the ocean, offering highly sought-after views and a prime location in Long Beach.
Significant Development Potential: Current zoning allows for substantial future value creation, including the option to replace the existing structure with a four-story, 12-unit building or add four Accessory Dwelling Units (ADUs) to the current structure.
Strong Income-Generating Asset: The property is a fourplex consisting of four large 2-bedroom, 1-bath units, providing immediate and stable rental income potential for investors.
Rare Detached Garages: The inclusion of six detached garages is a significant and rare amenity in coastal Long Beach, adding considerable value for tenants and potential for additional income streams.
Attractive Price Adjustment: Multiple price reductions from the original $3.5M to the current $2.999M indicate a more competitive and potentially attractive entry point for investors.
Cons
Historic Property Age: Built in 1919, the property is over a century old, suggesting potential for deferred maintenance, outdated systems, and significant capital expenditure for modernization or full redevelopment.
High Capital Investment Required: The nearly $3 million list price, combined with the substantial additional costs for redevelopment or extensive renovation, demands a significant financial commitment from a buyer.
Redevelopment Complexities: While zoning permits development, realizing the full potential (e.g., a 12-unit building or ADUs) will involve complex processes including permitting, construction management, and navigating potential regulatory hurdles.