360 W Ocean Blvd 507&508, Long Beach, CA 90802

Property Description

Smoking hot deal alert! Prior to introducing this property, please note that the most recent sales in building have been at: $642, 629, 567, 554, & 529 per square foot. We are listed at $410 sq.ft. This is a super unique and rare opportunity. This includes two of the corner units. The most recent sale of a corner unit was #908 at $540,000. In our offering, you get unit #508 which is a model match, plus an entirely additional bonus condo of #507 for only $185,000 more!!! $725,000 includes two stand alone units for barely more than the price of one. Please read description carefully. This is a package of two condos (#507 = 777 sq.ft & #508 = 951 sq.ft + 38 sq.ft vestibule deeded to parcel) that were merged on title decades ago into a single APN. There is a process through city of Long Beach/Department of RE that an owner can go through to legally obtain two separate APN's again, and make the two units legally separate. They are physically separate now and occupied by two separate occupants so it's a good opportunity for two buyers to go in on together as partners (Tenants in Common loans available for two separate borrowers purchasing together) and keep the legal description as is. The location within the building is excellent, with beautiful views of the vibrant downtown area. You're smack dab in the middle of all the action in a building with great character and style. This is a great value when compared to neighboring condos selling for a much higher price per square foot. Both 507 and 508 are located on a corner of the building, with windows on two sides of each unit bringing in great natural light. The building offers a top floor common room with phenomenal views of the ocean and Queen Mary. Walk out the door to great dining and entertainment from your wise investment in the middle of a downtown that is undergoing massive transformation. This makes a solid long term investment. Parking is available in adjacent structure at affordable monthly rate.