Est. cap rate

1.2%

Assumed rent, all units

$9,120/mo

Units

3

Price per unit

$1,483,333

Est. annual NOI

$54,720

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Triplex

Bedrooms

3

Building size

5,728 sqft

Lot size

11,030 sqft

Year built

1919

Stories

2

Garage spaces

4

Style

Traditional

Heating

Forced Air,Ductless

Cooling

Central Air,Ductless

Pool

None

View

Coastline,Ocean,Park/Greenbelt,Water,Panoramic

Status

Active

Days on market

3

MLS #

248389416

About this property

An extraordinary opportunity to own a distinctive coastal income property along Long Beach's iconic Ocean Boulevard, where luxury living and investment potential come together in one remarkable quarter-acre setting. Capturing panoramic views of the Pacific Ocean, Queen Mary and Catalina Island, this exceptional property features a beautifully reimagined main residence and two separate rear apartments, offering the flexibility to enjoy an extraordinary ocean view home while generating rental income, accommodate multigenerational living or maximize the property's income potential. The main residence spans over 4,400 square feet with 5 bedrooms and 5 bathrooms, thoughtfully renovated with sophisticated finishes throughout. Wide-plank French White Oak flooring, designer lighting, central heating and AC, and custom privacy shades complement the interiors. An imported Italian marble fireplace graces the entry, while the family room features fluted walnut detailing and Taj Mahal quartzite. The chef's kitchen showcases custom cabinetry, an expanded waterfall island, dual Blanco Silgranit sinks, Bosch cooktop, beverage refrigerator and U-Line ice maker. A renovated laundry and mudroom offers Samsung appliances, stone counters and access to a basement ideal for storage or a future wine cellar. A main-level bedroom or office includes a remodeled bath and walk-in closet. Upstairs, the primary suite enjoys sweeping ocean views and a private balcony, complemented by a spa-inspired bath with dual vanity and walk-in shower. A second primary suite features designer finishes and herringbone detailing. Two additional bedrooms, a remodeled hall bath and wellness room with sauna and shower complete the upper level. Adding tremendous value and versatility, the approximately 1,200-square-foot rear residence features 2 bedrooms, 2 baths, private laundry, quartz counters and custom cabinetry, while a separate studio offers another opportunity for rental income or guest accommodations. A backyard putting green and exceptionally rare four-car garage further distinguish this property. Just steps from the beach and bike path, this is a compelling opportunity to acquire a substantial coastal property offering exceptional residential appeal, multiple income possibilities and long-term investment potential in one of Long Beach's most recognizable locations.

Location

2747 E Ocean Boulevard

Long Beach, Los Angeles, CA, 90803