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5220 Broadway
Long Beach, CA 90803
Sold
Beach close location! location! location!!! Welcome to your opportunity to own a piece of paradise in the coveted Belmont Park/Heights area of Long Beach! This charming 4-unit income property sits on a spacious lot spanning nearly 10,000 square feet and is located just a few blocks from the beach, while offering an unparalleled coastal lifestyle. Two of the four units feature newer carpeting and paint, ensuring a fresh and inviting atmosphere. With 2 two double car garages, there is ample parking for tenants and visitors alike, a rarity in this sought-after area. The property features a newer roof, adding to its appeal and minimizing maintenance concerns for the fortunate new owner. This property exudes incredible potential, whether you're an investor seeking to maximize rental income or an owner-occupant looking for a prime location to call home. Take advantage of the spacious lot to build additional units, offering even greater revenue potential. Or, combine two units to create a luxurious owner's unit, complete with all the amenities you desire. Other possibilities include multi generational living quarters or Create a spacious home in the front portion of the property and units over. the garages. The possibilities are endless! The exceptional location of this property is truly unbeatable. Enjoy local water sports with the Boat Marina nearby and the wonderful canals of Naples located just 2 blocks away. The beach along with a great bike path to downtown is located just few blocks in the other direction. Locals enjoy the convenience of being within walking distance to cafes, Boutiques and fine dining all while maintaining a peaceful ambiance away from the hustle and bustle of the city. Whether you choose to add this to your portfolio, live in one unit and rent out the others, or explore the potential for expansion and additional income streams, this property is sure to exceed your expectations. All units are on month to month agreements. Schedule your viewing today and unlock the full potential of this exceptional property.
PROPERTY INFORMATION
| MLS # | PW24057750 | Lot Size | 9,143 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Quadruplex |
| Price | $ 1,997,000
Price Per SqFt: $ 694 |
DOM | 395 Days |
| Address | 5220 Broadway | Type | Residential Income |
| City | Long Beach | Sq.Ft. | 2,876 Sq. Ft. |
| Postal Code | 90803 | Garage | 4 |
| County | Los Angeles | Year Built | 1943 |
| Bed / Bath | 4 / 0 | Parking | 4 |
| Built In | 1943 | Status | Closed |
| Sold Date | 2024-06-05 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Common Area, Community, Individual Room |
| Has Fireplace | Yes |
| Fireplace Information | Living Room |
| Has Appliances | Yes |
| Kitchen Appliances | Gas Oven, Gas Cooktop, Water Heater |
| Has Heating | Yes |
| Heating Information | Floor Furnace, Wall Furnace |
| Room Information | Primary Bedroom |
| Has Cooling | No |
| Cooling Information | None |
| Flooring Information | Carpet, See Remarks |
| EntryLocation | 1 |
| Entry Level | 1 |
EXTERIOR FEATURES
| FoundationDetails | Raised |
| Roof | Shingle |
| Has Pool | No |
| Pool | None |
| Has Fence | Yes |
| Fencing | Chain Link |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $2,130
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 05/21/2024 | Pending | $1,997,000 |
| 05/01/2024 | Active Under Contract | $1,997,000 |
| 04/08/2024 | Listed | $1,997,000 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of Kim Kelly, Compass. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
