CA > Long Beach > Belmont Shore (Bsd)
Long Beach, CA 90803,5267 E Ocean BLVD
Long Beach, CA 90803,5267 E Ocean BLVD
Long Beach, CA 90803,5267 E Ocean BLVD
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Ernie Caponera

Ernie Caponera

+1(714) 606-0926
$3,499,900
Est. payment /mo
2,700 Sqft Lot
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UPDATED:

09/30/2024 05:53 PM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Belmont Shore (Bsd)

MLS Listing ID PW24149314

Construction Status Additions/Alterations,Building Permit,Updated/Remodeled

HOA Y/N No

Year Built 1953

Lot Size 2,700 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

Area 1 - Belmont Shore/Park, Naples, Marina Pac, Bay Hrbr

Zoning LBR4R

Rooms

Other Rooms Second Garage, Storage

Interior

Interior Features Wet Bar, Block Walls, Ceiling Fan(s), Crown Molding, Furnished, Granite Counters, Open Floorplan, Pantry, Paneling/Wainscoting, Quartz Counters, Recessed Lighting, Storage, Bar, Bedroom on Main Level

Heating Wall Furnace

Cooling None

Flooring Laminate, Tile, Vinyl, Wood

Fireplaces Type Electric, Gas, Living Room

Fireplace Yes

Appliance ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Exhaust Fan, Gas Cooktop, Disposal, Gas Oven, Gas Range, Gas Water Heater, High Efficiency Water Heater, Ice Maker, Microwave, Portable Dishwasher, Refrigerator, Range Hood, Self Cleaning Oven, Trash Compactor, Water To Refrigerator, Water Heater, Water Purifier, Dryer

Laundry Common Area, Electric Dryer Hookup, Gas Dryer Hookup, Inside, Laundry Closet, In Garage

Exterior

Exterior Feature Barbecue, Rain Gutters

Garage Spaces 4.0

Garage Description 4.0

Fence Block, Masonry, New Condition, Privacy, Stucco Wall, Vinyl

Pool None

Community Features Biking, Curbs, Dog Park, Fishing, Golf, Gutter(s), Hiking, Park, Storm Drain(s), Street Lights, Sidewalks, Water Sports

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

Waterfront Description Across the Road from Lake/Ocean,Beach Access,Beach Front,Ocean Access,Ocean Front

View Y/N Yes

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

Total Parking Spaces 4

Private Pool No

Building

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

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Architectural Style Contemporary, Patio Home

Level or Stories Two

Additional Building Second Garage, Storage

New Construction No

Construction Status Additions/Alterations,Building Permit,Updated/Remodeled

Others

Senior Community No

Tax ID 7247025026

Security Features Prewired,Security System,Carbon Monoxide Detector(s),Fire Detection System,Fire Rated Drywall,24 Hour Security,Key Card Entry,Resident Manager,Smoke Detector(s),Security Lights

Acceptable Financing Cash, Cash to New Loan, Conventional, Contract, FHA 203(b), FHA 203(k), FHA, Fannie Mae, Freddie Mac, Government Loan, Owner Pay Points, Private Financing Available

Listing Terms Cash, Cash to New Loan, Conventional, Contract, FHA 203(b), FHA 203(k), FHA, Fannie Mae, Freddie Mac, Government Loan, Owner Pay Points, Private Financing Available

Special Listing Condition Standard, No Smoking

Read Less Info
California Regional MLS (CRMLS)
Listed by Kathy Veysey • Keller Williams Realty • 949-981-8156
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

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