5267 Ocean Boulevard, Long Beach, CA 90803
  • MLS#: PW24149314 ( Quadruplex )
  • Street Address: 5267 Ocean Boulevard
  • Viewed: 2
  • Price: $3,499,900
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1953
  • Bldg sqft: 0
  • Days On Market: 119
  • Additional Information
  • County: LOS ANGELES
  • City: Long Beach
  • Zipcode: 90803
  • Subdivision: Belmont Shore (bsd)
  • Provided by: Keller Williams Realty
  • Contact: Kathy Kathy
  • California Regional MLS IDX
  • DMCA Notice
  • 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 Beachs 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.
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Features
Appliances
  1. ENERGY STAR Qualified Appliances
  2. ENERGY STAR Qualified Water Heater
  3. Disposal
  4. Gas Oven
  5. Gas Range
  6. Gas Cooktop
  7. Gas Water Heater
  8. High Efficiency Water Heater
  9. Ice Maker
  10. Microwave
  11. Portable Dishwasher
  12. Range Hood
  13. Recirculated Exhaust Fan
  14. Refrigerator
  15. Self Cleaning Oven
  16. Trash Compactor
  17. Water Heater
  18. Water Line to Refrigerator
  19. Water Purifier
Architectural Style
  1. Contemporary
Assessments
  1. Unknown
Association Fee
  1. 0.00
Building Area Total
  1. 2703.00
Cable Tv Expense
  1. 468.00
Commoninterest
  1. Community Apartment
Common Walls
  1. No Common Walls
Construction Materials
  1. Drywall Walls
  2. Stucco
Cooling
  1. None
Country
  1. US
Days On Market
  1. 76
Current Financing
  1. Private
Door Features
  1. Panel Doors
Electric
  1. Electricity - On Property
  2. Standard
Electric Expense
  1. 1973.00
Entry Location
  1. Front of Building
Fencing
  1. Block
  2. Masonry
  3. New Condition
  4. Privacy
  5. Stucco Wall
  6. Vinyl
Fireplace Features
  1. Living Room
  2. Electric
  3. Gas
Flooring
  1. Laminate
  2. Tile
  3. Vinyl
  4. Wood
Garage Rental Rate
  1. 400.00
Garage Spaces
  1. 4.00
Green Energy Efficient
  1. Appliances
  2. Lighting
  3. Water Heater
  4. Windows
Green Water Conservation
  1. Water-Smart Landscaping
Heating
  1. Wall Furnace
Improvementsamount
  1. 485000
Insurance Expense
  1. 2737.00
Interior Features
  1. Bar
  2. Block Walls
  3. Ceiling Fan(s)
  4. Copper Plumbing Partial
  5. Crown Molding
  6. Furnished
  7. Granite Counters
  8. Open Floorplan
  9. Pantry
  10. Quartz Counters
  11. Recessed Lighting
  12. Storage
  13. Wainscoting
  14. Wet Bar
Laundry Equipment Own Lease
  1. Own
Laundry Features
  1. Community
  2. Dryer Included
  3. Gas & Electric Dryer Hookup
  4. Gas Dryer Hookup
  5. In Closet
  6. In Garage
  7. Inside
Laundry Income
  1. 0.00
Levels
  1. Two
Lockboxtype
  1. Combo
Lot Features
  1. 2-5 Units/Acre
  2. Front Yard
  3. Landscaped
  4. Lawn
  5. Patio Home
  6. Paved
  7. Sprinkler System
  8. Sprinklers Drip System
  9. Sprinklers In Front
  10. Sprinklers Timer
Netoperatingincome
  1. 203600.00
Newtaxesexpense
  1. 28920.00
Otherexpense
  1. 1714.00
Otherexpensedescription
  1. Gas
Otherincome1
  1. 2950.00
Otherincome2
  1. 1200.00
Otherincomedescription
  1. Front patio for Venues. in P&L
Other Structures
  1. Second Garage Attached
  2. Storage
Parcel Number
  1. 7247025026
Personalpropertyamount
  1. 118000
Pool Features
  1. None
Postalcodeplus4
  1. 3386
Professionalmanagementexpense
  1. 8045.00
Property Type
  1. Quadruplex
Property Condition
  1. Additions/Alterations
  2. Building Permit
  3. Termite Clearance
  4. Updated/Remodeled
Road Frontage Type
  1. City Street
Road Surface Type
  1. Paved
Security Features
  1. 24 Hour Security
  2. Carbon Monoxide Detector(s)
  3. Card/Code Access
  4. Fire and Smoke Detection System
  5. Fire Rated Drywall
  6. Resident Manager
  7. Security Lights
  8. Security System
  9. Smoke Detector(s)
  10. Wired for Alarm System
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 419387306:CRM
Subdivision Name Other
  1. Belmont Shore (BSD)
Taxblock
  1. 30
Tenant Pays
  1. Electricity
  2. Gas
  3. Parking Fee
  4. See Remarks
Totalexpenses
  1. 49222.00
Trash Expense
  1. 0.00
Utilities
  1. Cable Connected
  2. Natural Gas Connected
  3. Phone Available
  4. Sewer Connected
  5. Water Connected
View
  1. Catalina
  2. City Lights
  3. Coastline
  4. Ocean
  5. Pier
  6. Water
  7. White Water
Waterfront Features
  1. Across the Road from Lake/Ocean
  2. Beach Access
  3. Beach Front
  4. Ocean Access
  5. Ocean Front
  6. Sea Front
Water Sewer Expense
  1. 1274.00
Water Source
  1. Public
Window Features
  1. Blinds
  2. Custom Covering
  3. Double Pane Windows
  4. Drapes
  5. ENERGY STAR Qualified Windows
  6. Insulated Windows
  7. Roller Shields
  8. Screens
  9. Shutters
Year Built
  1. 1953
Year Built Source
  1. Estimated
Zoning
  1. LBR4R