Property Details
About this Property
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
MLS Listing Information
MLS #
CRPW24149314
MLS Source
California Regional MLS
Days on Site
121
Interior Features
Kitchen
Exhaust Fan, Pantry
Appliances
Exhaust Fan, Garbage Disposal, Hood Over Range, Ice Maker, Microwave, Other, Oven - Gas, Oven - Self Cleaning, Oven Range - Gas, Refrigerator, Trash Compactor, Dryer
Flooring
Laminate
Laundry
Community Facility
Cooling
None
Heating
Wall Furnace
Exterior Features
Pool
None
Style
Contemporary
Parking, School, and Other Information
Garage/Parking
Garage: 4 Car(s)
Water
Other
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | 4 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
5267 E Ocean Bld is a Residential Income in Long Beach, CA 90803. This – square foot property sits on a 2,702 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,499,900 and was built in 1953. This address can also be written as 5267 E Ocean Bld, Long Beach, CA 90803.
©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of September 24, 2024. For the most current information, please contact Kathy Veysey
