5267 E Ocean Boulevard, Long Beach, CA 90803
-
Listed Price :
$3,499,900
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
-
Year Built :
1953
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.
Interior Features
| Laundry Information |
| Location(s) |
Common Area, Electric Dryer Hookup, Gas Dryer Hookup, Inside, Laundry Closet, In Garage |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
| Flooring Information |
| Material |
Laminate, Tile, Vinyl, Wood |
| Interior Information |
| Features |
Wet Bar, Block Walls, Ceiling Fan(s), Crown Molding, Furnished, Granite Counters, Open Floorplan, Pantry, Paneling/Wainscoting, Quartz Counters, Recessed Lighting, Storage, Bar, Bedroom on Main Level |
| Cooling Type |
None |
Listing Information
| Address |
5267 E Ocean Boulevard |
| City |
Long Beach |
| State |
CA |
| Zip |
90803 |
| County |
Los Angeles |
| Listing Agent |
Kathy Veysey DRE #01175444 |
| Courtesy Of |
Keller Williams Realty |
| List Price |
$3,499,900 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Quadruplex |
| Structure Size |
N/A |
| Lot Size |
2,702 |
| Year Built |
1953 |
Listing information courtesy of: Kathy Veysey, Keller Williams Realty. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 5:53 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
