Price Reduced Listing
5267 E Ocean Boulevard , Long Beach, CA 90803
Long Beach, CA 90803
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.
Details
| Mls | PW24149314 |
|---|---|
| Listing Type | For Sale |
| Style | Attachd |
| Subtype | Resale |
| Status | Active |
| Year | 1953 |
| Days On Site | 135 |
| Listing Provided By | Keller Williams Realty 949-482-3999 | Kathy Veysey |
Features
| Sq Feet | 2,703 |
|---|---|
| Garage | 4 |
| Storys | 2 |
| Units | 4 |
| Buildings | 1 |
| Zoning | LBR4R |
| Acreage | 0.06 |
| Golf Course | Yes |
| Water Front | Yes |
| Property View | Yes |
Market Activity 90803
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90803 |
| Area | 1 Belmont Shore | Park | Naples | Marina Pac | Bay Hrbr |
| Community Name | Belmont Shore (BSD) |
| Listing VS Median (in Belmont Shore (BSD)) | |
Price: $3,299,000 low | high Med: $2,047,000 SqFt: 2,703 low | high Med: 3,162 $ / SqFt: $1,220 low | high Med: $650 On Site: 135 low | high Med: 83.500000 | |