Long Beach, CA 90803,5267 E Ocean Boulevard
Long Beach, CA 90803,5267 E Ocean Boulevard
Long Beach, CA 90803,5267 E Ocean Boulevard
$2,579,000
Est. payment /mo
Est.Price: ?

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5 Beds
4 Baths
SOLD DATE : 04/22/2025

Key Details

Sold Price $2,579,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

Subdivision Belmont Shore (Bsd)

MLS Listing ID PW24149314

Sold Date 04/22/25

Bedrooms 5

Property Sub-Type Res Income 2-4 Units

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 7.7% with a NET Income of $203,600. and a Pro forma Cap rate 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 u

Location

State CA

County Los Angeles

Zoning Estimated

Direction On the corner of Ocean and La Verne.

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 7247025026

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MLS Router / San Diego MLS
Listed by Kathy Veysey Keller Williams Realty
Bought with Ali Jahanshahi Keller Williams Realty N. Tustin

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