5267 Ocean BlvdLong Beach, CA 90803

Property Details for 5267 Ocean Blvd

Property type

Land

Description

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.

Location Insight

City

Long Beach

County

Los Angeles

State

California

Latitude

33.7556

Longitude

-118.136

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].