5267 E Ocean BLVD Active Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90803
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Belmont Shore (Bsd)
MLS Listing ID PW24149314
Year Built 1953
Lot Size 2,700 Sqft
Property Description
Welcome to this COMPLETELY RENOVATED Trophy property, an exceptional Oceanfront fourplex located in the highly coveted Belmont Shore neighborhood. Just steps from the sandy beach, this rare investment opportunity offers a remarkable Cap Rate of 5.82% with a NET Income of $203,600. and a Pro forma Cap of 8.35%. Situated in one of Long Beach?s most desirable areas, this property is in close proximity to Naples Island, 2nd Street shopping and dining, Alamitos Bay, the Long Beach Bike/Walking Path, and the renowned Belmont Athletic Club.
This two-level fourplex comprises three 1 BD/1 BA units and one 2 BD/1 BA unit with a private sundeck, all meticulously renovated with high-end designer fixtures, finishes, and furnishings. Over $500,000 was invested into the property's renovations, which include new cabinets, countertops, waterproof flooring, designer bathroom tiles, modern light fixtures, fresh paint, and luxurious furnishings. Additional building improvements feature new electrical and plumbing upgrades, exterior landscaping, new pavers, a front gate, turf, plants, and enhanced lighting including in-ground lighting.
Investment opportunities of this quality and in this exclusive pocket are rare and highly sought after. With all units currently occupied, this is a unique chance to own a piece of Belmont Shore. For additional income, consider hosting oceanfront events on the patio, adding two loft-style ADUs in each garage, constructing a third-story penthouse apartment, and creating a rooftop sundeck. Enhance the indoor-outdoor living experience by adding a balcony to the upstairs oceanfront unit.
Seize this rare opportunity to invest in a luxury oceanfront property that promises both immediate returns and significant long-term value. Contact us today to schedule a viewing and explore the endless possibilities this trophy property has to offer.
Location
State CA
County Los Angeles
Area 1 - Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr
Zoning LBR4R
Rooms
Other Rooms Second Garage,Storage
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate,Tile,Vinyl,Wood
Fireplaces Type Electric,Gas,Living Room
Laundry Common Area,Electric Dryer Hookup,Gas Dryer Hookup,Inside,Laundry Closet,In Garage
Exterior
Exterior Feature Barbecue,Rain Gutters
Garage Spaces 4.0
Garage Description 4.0
Fence Block,Masonry,New Condition,Privacy,Stucco Wall,Vinyl
Pool None
Community Features Biking,Curbs,Dog Park,Fishing,Golf,Gutter(s),Hiking,Park,Storm Drain(s),Street Lights,Sidewalks,Water Sports
Utilities Available Cable Connected,Natural Gas Connected,Phone Available,Sewer Connected,Water Connected
Waterfront Description Across the Road from Lake/Ocean,Beach Access,Beach Front,Ocean Access,Ocean Front
View Y/N Yes
View Catalina,City Lights,Coastline,Ocean,Pier,Water
Building
Lot Description 2-5 Units/Acre,Drip Irrigation/Bubblers,Front Yard,Sprinklers In Front,Lawn,Landscaped,Paved,Sprinklers Timer,Sprinkler System
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash,Cash to New Loan,Conventional,Contract,FHA 203(b),FHA 203(k),FHA,Fannie Mae,Freddie Mac,Government Loan,Owner Pay Points,Private Financing Available
Listing Terms Cash,Cash to New Loan,Conventional,Contract,FHA 203(b),FHA 203(k),FHA,Fannie Mae,Freddie Mac,Government Loan,Owner Pay Points,Private Financing Available
Special Listing Condition Standard,No Smoking