9-Unit Apartment
New
For Sale
$3,125,000
1325 E Ocean, Long Beach, CA 90802
Vintage residences include upgraded interiors, select private patios, and in-unit laundry.
Property Size8,986 SF
Price / SF$347.76
Days on Market6
Property Features for 1325 E Ocean
General Information
Standard status
Active
Size
8,986 SF
Property subtype
Investment
Net Operating Income
$171,749
Units
Unit Mix
1 x 3BD/1BA, 6 x 2BD/1BA, 1 x 1BD/1BA, 1 x studio ADU
Multifamily Units
9
Additional Details
Asking Price
$3,125,000
Amenities
in-unit washers and dryers
private patios
enclosed private yard
Building Details
Building Size
8,986 SF
Year Built
1914
Buildings
2
Units
9
Listing Agency:
Stepp Commercial
Listed By:
Robert Stepp · License #01456379
(310) 774-3740
Source:
Elliman
Added: Oct 2
Changed: Oct 6
Last Checked: Oct 5 at 7:11PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Stepp Commercial
Investment Insights
Based on property information with market context.
At 1325 E Ocean Boulevard, this 9-unit apartment property contains approximately 8,986 square feet. The unit mix includes one 3-bedroom/1-bath residence, six 2-bedroom/1-bath residences, one 1-bedroom/1-bath residence, and a detached studio ADU with an enclosed private yard. Interior upgrades are present throughout, with in-unit washers and dryers and private patios in select residences.
The front building has undergone seismic retrofitting, while the rear building has double-pane windows. A roof was installed in 2019. The property was built in 1914 and has a Walk Score of 79 and a Transit Score of 55.
The front building has undergone seismic retrofitting, while the rear building has double-pane windows. A roof was installed in 2019. The property was built in 1914 and has a Walk Score of 79 and a Transit Score of 55.
Key Highlights
- Nine residences: one 3‑bedroom, six 2‑bedroom, one 1‑bedroom, and a detached studio ADU
- Approximately 8,986 square feet
- Detached studio ADU includes an enclosed private yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$171,844
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,436,880
$3.4M
Cap Rate 7%
$2,454,914
$2.5M
Cap Rate 9%
$1,909,378
$1.9M
Market Conditions
NOI Build-Up for 8,986 SF
Gross rent
$328.9K $36.60/SF
− Vacancy
−$16.4K −$1.83/SF
EGI
$312.4K $34.77/SF
− OpEx
−$140.6K −$15.65/SF
NOI
$171.8K $19.12/SF
Area
Long Beach, CA
Vacancy
5.00%
Lease Rate
$36.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,436,880
Cap Rate 7%
$2,454,914
Cap Rate 9%
$1,909,378
Alternative Uses
Best Use
Apartment 5plus
$2.45M
$2.15M – $2.86M
NOI $171,844 @ 7.0% cap · market cap 5.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.81M
$4.21M – $5.61M
NOI $336,775 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
1,619
Businesses Nearby
Explore this area
Business Placement
Demographics for 90802, CA
41,686
Population
25,055
Households
1.7
Avg Household Size
37
Median Age
44%
College-Educated
88%
High-School Grad
6.5 sq mi
ZIP Area
6,413
Density / Sq Mi
$72,152
Median Household Income
$52,011
Median Earnings
$1,855
Median Rent
$546,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Vintage residences include upgraded interiors, select private patios, and in-unit laundry.
Where is this apartment building located?
The property is located at 1325 E Ocean Long Beach, CA.
What is the asking price?
The asking price for this property is $3,125,000.
What are key features of this property?
This property features: Nine residences: one 3‑bedroom, six 2‑bedroom, one 1‑bedroom, and a detached studio ADU; Approximately 8,986 square feet; Detached studio ADU includes an enclosed private yard
