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5267 Ocean Boulevard
Long Beach, CA 90803
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.
PROPERTY INFORMATION
| MLS # | PW24149314 | Lot Size | 2,702 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Quadruplex |
| Price | $ 3,499,900
Price Per SqFt: $ 1,295 |
DOM | 291 Days |
| Address | 5267 Ocean Boulevard | Type | Residential Income |
| City | Long Beach | Sq.Ft. | 2,703 Sq. Ft. |
| Postal Code | 90803 | Garage | 4 |
| County | Los Angeles | Year Built | 1953 |
| Bed / Bath | 5 / 0 | Parking | 4 |
| Built In | 1953 | Status | Active |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Community, Dryer Included, Gas & Electric Dryer Hookup, Gas Dryer Hookup, In Closet, In Garage, Inside |
| Has Fireplace | Yes |
| Fireplace Information | Living Room, Electric, Gas |
| Has Appliances | Yes |
| Kitchen Appliances | ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Disposal, Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater, High Efficiency Water Heater, Ice Maker, Microwave, Portable Dishwasher, Range Hood, Recirculated Exhaust Fan, Refrigerator, Self Cleaning Oven, Trash Compactor, Water Heater, Water Line to Refrigerator, Water Purifier |
| Has Heating | Yes |
| Heating Information | Wall Furnace |
| Room Information | Kitchen, Laundry, Living Room, Main Floor Bedroom, Primary Bathroom, Primary Bedroom |
| Has Cooling | No |
| Cooling Information | None |
| Flooring Information | Laminate, Tile, Vinyl, Wood |
| InteriorFeatures Information | Bar, Block Walls, Ceiling Fan(s), Copper Plumbing Partial, Crown Molding, Furnished, Granite Counters, Open Floorplan, Pantry, Quartz Counters, Recessed Lighting, Storage, Wainscoting, Wet Bar |
| DoorFeatures | Panel Doors |
| EntryLocation | Front of Building |
| Entry Level | 1 |
| WindowFeatures | Blinds, Custom Covering, Double Pane Windows, Drapes, ENERGY STAR Qualified Windows, Insulated Windows, Roller Shields, Screens, Shutters |
| SecuritySafety | 24 Hour Security, Carbon Monoxide Detector(s), Card/Code Access, Fire and Smoke Detection System, Fire Rated Drywall, Resident Manager, Security Lights, Security System, Smoke Detector(s), Wired for Alarm System |
EXTERIOR FEATURES
| ExteriorFeatures | Barbecue Private, Rain Gutters |
| Has Pool | No |
| Pool | None |
| Has Fence | Yes |
| Fencing | Block, Masonry, New Condition, Privacy, Stucco Wall, Vinyl |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $3,733
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 07/22/2024 | Listed | $3,649,900 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of Kathy Veysey, Keller Williams Realty. 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.
