We are pleased to present a 14 unit apartment building located at 532 Nebraska Avenue in Long Beach, California. This is a value-add opportunity in a great location of Alamitos Beach. The subject property is close to 4th Street Retro Row, Downtown Long Beach and 2nd Street in Belmont Shore where there are restaurants, shops, bars, grocery stores and entertainment venues. The subject property consists of 5,565 rentable square feet spread throughout a 6,745 square foot lot. It was built in 1984 and consists of all one bedroom / one bathroom units. The subject property is also separately metered for gas and electricity which helps keep expenses to a minimum. There are a total of 9 parking spaces which are able to generate income as well. Owners enjoy the high demand for rentals in a coastal city of Southern California. Tenants enjoy living close to the ocean breeze and walking distance to shops, restaurants, cafes, entertainment centers and grocery stores. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. There has been over $2B invested in real estate transactions and new development projects since 2013. There are 3,997 residential units in the development pipeline. Notable completed projects near the subject property include the Shoreline Gateway at 777 E. Ocean Blvd. which is 35 stories high with 315 residential units and 6,700 sq. ft. of restaurant and retail space, the Ocean View Tower at 200 W. Ocean Blvd has 142 units with 4,100 sq. ft. of commercial space, and Volta on Pine at 635 Pine Ave. has 271 units with 1,302 sq. ft. of retail and commercial space. Currently under construction is the renovation at the Breakers Hotel at 210 E. Ocean Blvd, Broadway Block at 330 & 333 E. Broadway which is 432 units and over 17,793 sq. ft. of retail space, Aster at 250 E. Broadway with 218 units and 7,300 sq. ft. of commercial space, as well as the Broadstone Promenade which is 189 units with ground floor retail space as well.
Property Details
Property Features
Property Information:
Year Built: 1984
Stories: 2
Listing Office:
Office Name: Marcus & Millichap
Office Email: kking@marcusmillichap.com
Listing Agent: Kevin King
Exterior Features
Exterior Information:
Private Pool: No
Lot Features
Lot Information:
Lot Size: 0.15 Acres
Other
Directions Information:
Directions: Nebraska Ave & 5th St.
Price Information
Listing Price Info
Price Summary:
List Price: $3,300,000
Tax Information:
Annual Amount: $14,871
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Long Beach, CA.
This property is $2.5M more than the Median Sold Price in Long Beach, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #PW24076657
Listing Office:
Office Name: Marcus & Millichap
Office Email: kking@marcusmillichap.com
Listing Agent: Kevin King
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/1/2024, 5:25:18 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Oct 02, 2002
Oct 02, 2002Home Sold
$800,000
Dec 18, 1996
Dec 18, 1996Home Sold
$192,500
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$14,871
$1,078,816
2020
$14,659
$1,059,441
2019
$14,260
$1,038,668
2018
$14,107
$1,018,303
2017
$14,107
$998,337
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Burbank Elementary School
501 Junipero Ave
Distance between this listing and this school0.49 miles
Public District Grades KG-5
6
/10
Lincoln Elementary School
1175 E 11th St
Distance between this listing and this school0.56 miles
Public District Grades KG-5
4
/10
Stevenson Elementary School
515 Lime Ave
Distance between this listing and this school0.62 miles
Public District Grades KG-5
Nearby Schools
6
/10
Franklin Classical Middle School
540 Cerritos Ave
Distance between this listing and this school0.26 miles
Public District Grades 6-8
4
/10
Jessie Nelson Academy
1951 Cherry Ave
Distance between this listing and this school1.38 miles
Public District Grades 6-8
5
/10
Jefferson Leadership Academies
750 Euclid Ave
Distance between this listing and this school1.45 miles
Public District Grades 6-8
Nearby Schools
4
/10
Renaissance High School For The Arts
235 E 8th St
Distance between this listing and this school1.01 miles
Public Magnet Grades 9-12
5
/10
Polytechnic High School
1600 Atlantic Ave
Distance between this listing and this school1.13 miles
Public Magnet Grades 9-12
5
/10
Wilson High School
4400 E 10th St
Distance between this listing and this school1.87 miles
The neighbors living near this home have an average income of $46,817. Typical income of Long Beach, CA residents is between $35k-100k annually. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 532 Nebraska Ave
What is the listing price of this property?
The listing price of 532 Nebraska Ave property is $3,300,000.
What type of property is this?
The property 532 Nebraska Ave is a condo located in Long Beach, California, 90802.
Is this property for sale now?
Active Listing: 532 Nebraska Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $14,871 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on October 2, 2002 for $800,000. (source: MLS/tax record).
Which year was this property built?
The year of construction for 532 Nebraska Ave is 1984.
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This home is located at 532 Nebraska Ave in Long Beach, CA and zip code 90802 in the The Harbor neighborhood. This home, which was built in 1984, sits on a 0.15 acre lot. It has been listed on Rocket Homes since April 17, 2024 and is currently priced at $3,300,000.
Long Beach, CA housing market in March 2024 saw over 76 listings sold above listed price, more than 39 sold at listed price and over 59 sold below. The number of listings in Long Beach, CA increased by 1.8% between February 2024 and March 2024. The median list price of listings available in March 2024 was $790,000, while the average time on the real estate market was 31 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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