510 Ocean Beach Boulevard South
Long Beach, WA 98631
$456,000
Price
4
Beds
2
Baths
1,360 Sq. Ft.
$335 / Sq. Ft.
1,360
Sq. Ft.
$335
per Sq. Ft.
Listing provided courtesy of Kelly Right RE of Seattle LLC
Description
Turnkey Rental Property! 2 Units, each apprx. 640sf. 100% occupancy for 5 years. Ground up remodeled incl foundation. Modest interiors feature new kitchens with dishwasher, bth rms, washers/dryers, ceiling fans. No builder-grade anything. Easy to maintain lot, off street parking, room for a garage or shelter, close to beach, downtown Long Beach business district and restaurants. Proven income producer, current cap rate of 3.75 but expenses currently include water, garbage, lawn svc and property management....Turnkey Rental Property! 2 Units, each apprx. 640sf. 100% occupancy for 5 years. Ground up remodeled incl foundation. Modest interiors feature new kitchens with dishwasher, bth rms, washers/dryers, ceiling fans. No builder-grade anything. Easy to maintain lot, off street parking, room for a garage or shelter, close to beach, downtown Long Beach business district and restaurants. Proven income producer, current cap rate of 3.75 but expenses currently include water, garbage, lawn svc and property management. Cap rate will rise w/a more hands-on landlord. Long term/stable tenant in 512 will stay if allowed. Split use as beach get-away for one unit and the other as rental is certainly possible. Your rental will mostly pay for your home!
- Listed by Mark Magee • Kelly Right RE of Seattle LLC
Property Details for 510 Ocean Beach Boulevard South
Community Name
Long Beach
School DistrictOcean Beach
Number of Assigned Spaces4
Total Covered Parking0
Entry Date11-07-2024
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 11/13/2024 10:43 AM
Property Details for 510 Ocean Beach Boulevard South
| Status | Active |
|---|---|
| MLS # | 2309703 |
| Days on Market | 26 |
| Cumulative Days on Market | 26 |
| Taxes | $1,158 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1940 |
| Lot Size | 0.06 AC / 2,500 SF |
| County | Pacific County |
Building Information for 510 Ocean Beach Boulevard South
Stories1Residences2Year Built1940Building Size-Lot Size0.06 AC / 2,500 SF
Property Information for 510 Ocean Beach Boulevard South
Summary
Location and General Information
- Style: 52 - Duplex
- Site Features: High Speed Internet
- Area: 930 - South Pacific County
- Block: 15
- Elementary School: Long Beach Elem
- Middle Or Junior School: Ilwaco Jnr High
- High School: Ilwaco Snr High
- Directions: North or South on Pacific Avenue in Long Beach Wa. West on NW 6th to Ocean Beach Blvd. Property on SW corner.
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 0.0
- Open Parking: No
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 0
Interior Features
- Fireplaces Total: 0
- Floor Covering: Laminate
- Features: Laminate
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard
- FIRPTA: No
Exterior Features
- Exterior: Wood Products
- Roof: Metal
Property
Utilities
- Water/Sewer/Garbage: 3344
- Power Company: PUD #2
- Sewer Company: Long Beach
- Water Company: Long Beach
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- Zoning Class: Residential
- First Right Of Refusal: false
- Possible Use: Residential
- MLS Square Footage Source: county
- Preliminary Title Ordered: No
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 15
Lot Information
- Lot Details: Corner Lot
- Lot Number: 6
- Lot Size Source: county
- Parcel Number Free Text: 73011015106
- Calculated Square Footage: 1360
- Structure Type: Duplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 1360.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 0
- Number of Stories in Building: 1
- Vacancy Rate: 0
- Number Of Units Total: 2
- Units Below Grade: false
- Units In Building Total: 2
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 11600
- Gross Adjusted Income: 33000
- Gross Rent Multiplier: 14.09
- Gross Scheduled Income: $33,000
- Insurance Expense: $3,118
- Net Operating Income: $17,241
- Other Expenses: $3,980
- Total Monthly Income: 3000
- Fuel Expense: $0
Unit 1
- Name Unit 1: 510
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 680
- Bedrooms Unit 1: 2
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 512
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 680
- Bedrooms Unit 2: 2
- Bathrooms Unit 2: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 1280.0
- Leasable Area Units: Square Feet
Property History for 510 Ocean Beach Boulevard South
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 510 Ocean Beach Boulevard South
This home is within Ocean Beach School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 2 | |||
| Public - | K to 12 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 12 |
Rating | School | Distance |
|---|---|---|
Long Beach Elementary School PublicK to 2 | ||
Ocean Beach Options Academy PublicK to 12 | ||
Ilwaco Sr High School Public9 to 12 | ||
Ocean Beach Alternative School Public6 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Kelly Right RE of Seattle LLC
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.
