Breakers Hotel is a landmark 14-story building on Ocean Avenue in downtown Long Beach. The building opened in 1926 as a luxury oceanfront resort hotel. The building has been renamed at various times the Hilton, the Wilton, and the Breakers International Hotel. It has had a history of ups and downs but now is prospering and operated as a high-end retirement home. The building has been designated as a Long Beach Historic Landmark.
After a $23 million earthquake retrofitting and restoring its 1920s-style Romanesque architecture, the building re-opened in November 1990 as a residence for senior citizens. As of October 1991, the Breakers had 38 residents with an average age of 84, paying rents starting at $1,000 a month, including three meals a day, housekeeping and local transportation. The now very vibrant community is active and immersed in recreational and cultural activities.
In 1997, the Sky Room, originally developed by Conrad Hilton in 1938, was restored and re-opened by the property's new owner Bernard Rosenson. Mr. Rosenson restored the Art Deco look of the Sky Room and redesigned it to focus on its 360-degree view. The new Sky Room offered an "ultra-retro menu" and music by a swing and jazz band called the Sky Room Orchestra.
74 units in prime area near beach and Belmont Shore.
One building with large interior courtyard, pool, exercise room, rec room, 102 secured semi-subterranean parking spaces with storage for each. Separate electric meters and water heaters for each unit! laundry room with 9 washers and 4 commercial dryers.
Approved by city of Long Beach for condo conversion.
1146-1152 Magnolia Ave., Long Beach - What a Fantastic Building to Add to Your Portfolio! This is a Meticulously Maintained 32 Unit Building In a Great Rental Area of LB. 2 Buildings on 2 Parcels (1146 Magnolia Ave = 7272004010, 1152 Magnolia Ave = 7272004009). A Great Mix of 24 - 1 Bed/1Ba Units and 8 - 2 Bed/1Ba Units. Buildings are very sizeable (22,998 sq ft) . A Large Lot (18,197 sq ft) Offers Tenants a Courtyard and Outdoor Rock Waterfall Area. All Electric Building - Individually Metered and Each Unit Has It's Own Water Heater (Keeps Expenses Down!). Milgard Dual Pane Windows Throughout Building. 2 Laundry Facilities w/ Seller's Own Machines. 19 Enclosed Garages = Extra Income. There is Room To Raise Rents - No Rent Control in LB. Please Call For Further Income and Expense Information on the Well Managed Building. This is a Great Opportunity for the Savvy Long Beach Investor!!
Rare opportunity to own an OCEAN VIEW 12 unit apartment building with 14 parking. Currently under performing with much upside potential, All top floor units have a peek-a-boo ocean view or more. all units have large private patio/balcony. The 3 Bedroom Penthouse has panoramic ocean views. Could be a great owners unit or top income producing unit. All electric building with separate meters. ELEVATOR in excellent mechanical condition. Fire safety systems up to date and beyond code requirements. Private lobby with security code entrance . Buyer to cooperate with seller 1031 exchange. May be converted to condos! Can add a sun deck on top.
Ocean Front Landmark 1913 Tudor Manor located in the heart of historical Bluff Park. An architectural masterpiece of over 7,000 square feet. A total of 7 bedrooms and 5.5 baths, period details throughout including 4 fireplaces, hardwoods, spacious main floor with formal dining room, formal library, 'morning room', huge front porch with views of Catalina Island and sunsets all on almost a half acre. Post World War II the stately manor was divided into 4 spacious living spaces currently rented as private apartments. STANDARD SALE!
Buyers looking for less maintenance will find this 21-unit building, with its cleanliness
and well-situated location, a very desirable investment.
This offering consists of a unit mix of three studio/one-bath units, six one-bedroom/one-bath units, two twobedrooms/
one-bath units, and ten two-bedroom/two-bath townhome-style units. The two-story wood frame and stucco
property was constructed in 1964. This property also includes eight single-car garages and one open parking space, as
well as street parking. Tenants will enjoy a center courtyard and on-site laundry, which creates additional income. The
building is individually metered for gas and electric, which keeps expenses to a minimum.
1505 East 11th Street was recently renovated and has minimal maintenance costs. The current loan must be assumed,or
the seller will also consider creative financing options. There are very few investment opportunities that have the
characteristics of this property in Long Beach. In a city of redevelopment, this desirable location, low maintenance and
great unit mix complete the perfect opportunity for your next property acquisition.
10 unit property less then half block from ocean and less then 2 blocks from the many fine shops and restaurants of trendy east 2nd street in Belmont Shore. Location, location, location! Just 3 lots from the beach.