CA > Long Beach > Belmont Shore
Long Beach, CA 90803,5267 East Ocean Boulevard
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Long Beach, CA 90803,5267 East Ocean Boulevard
Long Beach, CA 90803,5267 East Ocean Boulevard
Long Beach, CA 90803,5267 East Ocean Boulevard
Long Beach, CA 90803,5267 East Ocean Boulevard
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Nicole Van Parys & Gary Nesen

Nicole Van Parys & Gary Nesen

+1(805) 795-1880
Listed by Kathy Veysey • Keller Williams Realty
$ 3,299,000
Est. payment /mo
Save
Price Dropped by $200K

5267 East Ocean Boulevard Long Beach, CA 90803

2,703 SqFt

UPDATED:

12/21/2024 10:18 PM

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,703 sqft

Price per Sqft $1,220

Subdivision Belmont Shore

MLS Listing ID PW-24149314

Style Contemporary

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 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.

Location

State CA

County Los Angeles

Zoning LBR4R

Interior

Interior Features Crown Molding, Copper Plumbing Partial, Ceiling Fan(s), Block Walls, Bar, Furnished, Granite Counters, Open Floorplan, Pantry, Recessed Lighting, Storage, Wainscoting, Wet Bar

Heating Wall Furnace

Cooling None

Flooring Laminate, Tile, Vinyl, Wood

Fireplaces Type Electric, Gas, Living Room

Laundry Community, Dryer Included, Gas & Electric Dryer Hookup, Gas Dryer Hookup, In Closet, In Garage, Inside

Exterior

Exterior Feature Barbeque Private, Rain Gutters

Parking Features Gated

Garage Spaces 4.0

Pool None

Community Features Biking, Curbs, Dog Park, Fishing, Golf, Gutters, Hiking, Park, Sidewalks, Storm Drains, Street Lights, Watersports

Utilities Available Sewer Connected, Water Connected, Cable Connected, Natural Gas Connected, Phone Available

View Y/N Yes

View Ocean, Pier, Water, White Water, Catalina, City Lights, Coastline

Building

Lot Description Front Yard, Landscaped, Lawn, Patio Home, Paved, Sprinkler System, Sprinklers Drip System, Sprinklers In Front, Sprinklers Timer, 2-5 Units/Acre

Sewer Public Sewer

agent

Nicole Van Parys & Gary Nesen

License Partners, Private Office Advisors | License ID: 01108944

+1(805) 795-1880

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5267 East Ocean Boulevard