5267 E Ocean Boulevard, Long Beach, CA 90803 (MLS # PW24149314)

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PRICE $3,499,900 dsIDX morgage calculator
BEDS n/a
BATHS 0
HOME SIZE 2,703 sqft
LOT SIZE 2,701 sqft

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.

DAYS ON MARKET 102 LAST UPDATED 9/24/2024
TRACT Belmont Shore (BSD) YEAR BUILT 1953
COMMUNITY Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr GARAGE SPACES 4.0
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Residential Income

PRICE HISTORY
Prior to Aug 5, '24 $3,649,900
Aug 5, '24 - Sep 24, '24 $3,549,900
Sep 24, '24 - Today $3,499,900


ADDITIONAL DETAILS
AIR None
APPLIANCES Disposal, Dryer, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Exhaust Fan, Gas Cooktop, Gas Oven, Gas Range, Gas Water Heater, High Efficiency Water Heater, Ice Maker, Microwave, Portable Dishwasher, Range Hood, Refrigerator, Self Cleaning Oven, Trash Compactor, Water Heater, Water Purifier, Water To Refrigerator
AREA Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr
CONSTRUCTION Drywall, Stucco
EXTERIOR Barbecue, Rain Gutters
FIREPLACE Yes
GARAGE Yes
HEAT Wall Furnace
HOA DUES 0
INTERIOR Bar, Bedroom on Main Level, Block Walls, Ceiling Fan(s), Crown Molding, Furnished, Granite Counters, Open Floorplan, Paneling/Wainscoting, Pantry, Quartz Counters, Recessed Lighting, Storage, Wet Bar
LOT 2702 sq ft
LOT DESCRIPTION 2-5 Units/Acre, Drip Irrigation/Bubblers, Front Yard, Landscaped, Lawn, Paved, Sprinkler System, Sprinklers In Front, Sprinklers Timer
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 2
STYLE Contemporary, Patio Home
SUBDIVISION Belmont Shore (BSD)
UTILITIES Cable Connected,Natural Gas Connected,Phone Available,Sewer Connected,Water Connected, Electric: Electricity - On Property,Standard
VIEW Yes
VIEW DESCRIPTION Catalina,City Lights,Coastline,Ocean,Pier,Water
WATER Public
WATERFRONT Yes
WATERFRONT DESCRIPTION Across the Road from Lake/Ocean,Beach Access,Beach Front,Ocean Access,Ocean Front
ZONING LBR4R
MORTGAGE CALCULATOR
   

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CONTACT US ABOUT 5267 E OCEAN BOULEVARD
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Listed with Keller Williams Realty

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 11/1/24 3:39 AM PDT 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. Properties may or may not be listed by the office/agent presenting the information

This IDX solution is (c) Diverse Solutions 2024.

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