1030 E Ocean Boulevard Unit 704
Long Beach, CA 90802
- 1 bed
- 1 bath
- 620 sqft
- $475 per sqft
- 1922 build
- – on site
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Investors, can you imagine the last time you earned a 5.5% gross return on an investment of $305,000? This one bedroom condo, on 7th floor generates $1,400.00 per month as a rental. All utilities (gas, water & electric) are paid for in your HOA dues of $318.00 per month (HOA gives you FREE basic DIRECTV); and as a bonus you get to own an asset that will only appreciate and it is on the beach! This unit has a view of the Queen Mary (Fireworks on the 4th of July). Around springtime you can watch the World famous Grand Prix. You can walk to Shore Line Village, Pine Street and enjoy the restaurants, night clubs and all the other activities you hear advertised on the radio and television. Use the beach lot to grill or just enjoy the view. Did we mention depreciation to help offset your taxes? This Historical Building was completely re-piped in copper a few years ago, including all new traps, tub waste & overflows, and all new drain lines. Well you get the picture, this is not an opportunity to pass up!
Listed By CRMLS_CA / Bob Geraghty / Phoenix Realty & Properties
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Last updated May 4, 2024
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MLS# PW16018260 —
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Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
7/13/16
Jul 13, 2016
|
Sold | CRMLS_CA | $295,000 | -3.3% |
6/10/16
Jun 10, 2016
|
Pending | CRMLS_CA | $305,000 | |
1/28/16
Jan 28, 2016
|
Listed / Active | CRMLS_CA | $305,000 |