5267 E Ocean BLD Active Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90803
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW24149314
Style Contemporary
Originating Board California Regional MLS
Year Built 1953
Lot Size 2,702 Sqft
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 chan
Location
State CA
County Los Angeles
Area 1 - Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr
Rooms
Kitchen Ice Maker,Garbage Disposal,Hood Over Range,Microwave,Other,Oven - Self Cleaning,Pantry,Exhaust Fan,Dishwasher - Portable,Oven Range - Gas,Refrigerator,Trash Compactor,Oven - Gas
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate
Laundry Gas Hookup,In Closet,In Garage,Other,38,Washer/Dryer - Owned,Community Facility,Dryer
Exterior
Garage Spaces 4.0
Pool None
View Ocean,Other,Water,City Lights
Building
Lot Description Paved
Water Other,Hot Water,District - Public,Water Purifier - Owned
Architectural Style Contemporary
Others
Tax ID 7247025026
Special Listing Condition Not Applicable