For Sale
$3,499,900

5267 Ocean BlvdLong Beach, CA 90803

Luxury 4-unit oceanfront investment

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional, completely renovated fourplex in Belmont Shore offers a rare investment opportunity. Located steps from the beach, this two-level property boasts three 1-bedroom/1-bathroom units and one 2-bedroom/1-bathroom unit with a private sundeck. All units feature high-end designer fixtures, finishes, and furnishings, reflecting over $500,000 in recent renovations including new cabinets, countertops, waterproof flooring, designer bathroom tiles, modern light fixtures, fresh paint, and luxurious furnishings. Building improvements also include new electrical and plumbing upgrades, exterior landscaping with new pavers, a front gate, turf, plants, and enhanced lighting. The property sits on a 3,000 square foot lot and includes 2 parking spaces. Currently generating a net income of approximately $199,450.52, and boasting a 5.7% pro-forma cap rate, this property presents a strong return on investment. The permitted zoning is R4. Its prime location offers proximity to Naples Island, 2nd Street shopping and dining, Alamitos Bay, the Long Beach Bike/Walking Path, and the Belmont Athletic Club. The property's location and high-end renovations make it a highly sought-after investment. Additional income potential exists through various expansion options. This is a unique chance to own a piece of Belmont Shore's coveted oceanfront real estate. The APN is 7247025026. The asking price is $3,499,900.

Highlights

  • Completely renovated fourplex in Belmont Shore, offering 3 one-bedroom/one-bathroom units and 1 two-bedroom/one-bathroom unit.
  • High-end finishes and furnishings throughout, reflecting over $500,000 in recent renovations.
  • 3,000 square foot lot with 2 parking spaces; R4 zoning.
  • $3,499,900 asking price; $199,450.52 net annual income; 5.7% pro-forma cap rate.
  • Prime Belmont Shore location near beach, Naples Island, and 2nd Street. APN: 7247025026.

Property Details for 5267 Ocean Blvd

Property type
Land

Location Insight

City
Long Beach
County
Los Angeles
State
California
Latitude
33.7555805
Longitude
-118.1360528
5267 Ocean Blvd, Long Beach, California

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5267 Ocean Blvd
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