5267 East Ocean Boulevard

Long Beach, CA 90803

$3,499,900
Price
5
Beds
16
Baths
2,703 Sq. Ft.
$1,295 / Sq. Ft.
2,703
Sq. Ft.
$1,295
per Sq. Ft.

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...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.
  1. Listed by Kathy Veysey • DRE #01175444 • Brokerage DRE #01934115 • Keller Williams Realty • 949-981-8156

Property Details for 5267 East Ocean Boulevard

Architectural Style
Contemporary
View
Catalina, City Lights, Coastline, Ocean, Pier, Water, White Water
Parking Spaces Total
4
Private Pool
No
Cooling Type
N/K
Total Units
4.0
Building Type
Detached
Lot Size Source
Assessor
LISTING UPDATED: 09/24/2024 04:48 AM

Property Details for 5267 East Ocean Boulevard

StatusActive
MLS #PW24149314
Days on Market118
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1953
Lot Size0.06 AC / 2,702 SF
CountyLos Angeles County

Building Information for 5267 East Ocean Boulevard

Stories2Residences-Year Built1953Building Size-Lot Size0.06 AC / 2,702 SF

Property Information for 5267 East Ocean Boulevard

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas, Parking Fee, See Remarks
Income / Expense / Tax Details
Income Details
  • Gross Income: $252,823
  • Gross Scheduled Income: $248,673
  • Vacancy Allowance: 0
  • Gross Operating Income: $252,823
  • Net Operating Income: $203,600
  • Number Of Rented Garages: 1
  • Garage Rental Rate: $400
  • Garage Income: $2,950
  • Laundry Income: $0
  • Other Income Description: Front patio for Venues. in P&L
  • Other Income 1: $2,950
  • Other Income 2: $1,200
  • Cap Rate: 5.82
  • Current Financing: Private
Expense Details
  • Operating Expense: $49,222
  • New Taxes Expense: $28,920
  • Cable TV Expense: $468
  • Licenses Expense: $250
  • Electric Expense: $1,973
  • Insurance Expense: $2,737
  • Maintenance Expense: $2,228
  • Professional Management Expense: $8,045
  • Other Expense: $1,714
  • Other Expense Description: Gas
  • Trash Expense: $0
  • Water Sewer Expense: $1,274
  • Total Expenses: $49,222
Tax / Assessment Info
  • Tax Block: 30
  • Tax Tract Number: 3750
  • Tax Census Tract: 5773.00
  • CFD/Mello-Roos Fee: $730
  • Tax Lot: 29
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Biking, Curbs, Dog Park, Fishing, Golf, Hiking, Gutters, Park, Watersports, Sidewalks, Storm Drains, Street Lights
Property / Structure Info
Interior Features
  • Appliances: ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Disposal, Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater, High Efficiency Water Heater, Ice Maker, Microwave, Portable Dishwasher, Range Hood, Recirculated Exhaust Fan, Refrigerator, Self Cleaning Oven, Trash Compactor, Water Heater, Water Line to Refrigerator, Water Purifier
  • Equipment: Community, Dryer, Dryer Included, Garage, Gas Dryer Hookup, Gas Or Electric Dryer Hookup, Ice Maker, In Closet, Inside, Microwave, Portable Dishwasher, Recirculated Exhaust Fan, Refrigerator, Trash Compactor, Water Line to Refrigerator, Water Purifier
  • Interior Features: Bar, Block Walls, Ceiling Fan(s), Copper Plumbing Partial, Crown Molding, Furnished, Granite Counters, Open Floorplan, Pantry, Quartz Counters, Recessed Lighting, Storage, Wainscoting, Wet Bar
  • Room Type: Kitchen, Laundry, Living Room, Main Floor Bedroom, Primary Bathroom, Primary Bedroom
  • Bedroom Features: Main Floor Bedroom
  • Water Heater Features: Gas
  • Water Heater Type: Gas
  • Laundry: Yes
  • Laundry Features: Community, Dryer Included, Gas & Electric Dryer Hookup, Gas Dryer Hookup, In Closet, In Garage, Inside
  • Laundry Equipment Own Lease: Own
  • Fireplace Features: Living Room, Electric, Gas
  • Fireplace Rooms: Electric, Gas, Living Room
  • Cooling: None
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Laminate, Tile, Vinyl, Wood
Exterior Features
  • Door Features: Panel Doors
  • Window Features: Blinds, Custom Covering, Double Pane Windows, Drapes, ENERGY STAR Qualified Windows, Insulated Windows, Roller Shields, Screens, Shutters
  • Security Features: 24 Hour Security, Carbon Monoxide Detector(s), Card/Code Access, Fire and Smoke Detection System, Fire Rated Drywall, Resident Manager, Security Lights, Security System, Smoke Detector(s), Wired for Alarm System
  • Construction Materials: Drywall Walls, Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Exterior Features: Barbecue Private, Rain Gutters
  • Entry Location: Front of Building
  • Fence: Yes
  • Fence: Masonry, Privacy, Stucco Wall, Vinyl
  • Fencing: Block, Masonry, New Condition, Privacy, Stucco Wall, Vinyl
  • Other Structures: Second Garage Attached, Storage
  • Property Condition: Additions/Alterations, Building Permit, Termite Clearance, Updated/Remodeled
  • View Description: Catalina, City Lights, Coastline, Ocean, Pier, Water, White Water
  • Waterfront Features: Across the Road from Lake/Ocean, Beach Access, Beach Front, Ocean Access, Ocean Front, Sea Front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Green Info
  • Walk Score: 76
  • Green Energy Efficient: Appliances, Lighting, Water Heater, Windows
  • Green Water Conservation: Water-Smart Landscaping
Land/Lot Info
  • Lot Features: 2-5 Units/Acre, Front Yard, Landscaped, Lawn, Patio Home, Paved, Sprinkler System, Sprinklers Drip System, Sprinklers In Front, Sprinklers Timer
  • Number Of Units: 4
  • Improvements Amount: $485,000.00
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Electric: Electricity - On Property, Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Belmont Shore
  • Builders Tract Code: Belmont Shore (BSD)
  • Personal Property Amount: $118,000.00
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 5
  • Unit Type Baths Total: 4
  • Unit Type Furnished: Negotiable
  • Unit Type Garage Spaces: 4
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $252,823
  • Unit Type Total Rent: $252,823
  • Unit Type Pro Forma: 296377
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 3
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Number With Disposal: 4
  • Number With Patio: 2
  • Number Wall AC: 0

Property History for 5267 East Ocean Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5267 East Ocean Boulevard

Taxable ValueLand$1,499,400Additions$811,400Total$2,310,800
Tax Record2024$29,411 ($2,451 / month)
Home Facts
Total Finished SqFt2,577 SqFtAbove Grade Finished SqFt2,577 SqFtLot Size2,702 SqFtStyleQuadraplexYear Built1953ZoningLBR4RCountyLOS ANGELESAPN7247-025-026

Schools near 5267 East Ocean Boulevard

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Naples Elementary School
PublicK to 5

Rogers Middle School
Public6 to 8

Wilson High School
Public9 to 12

Eunice Sato Academy Of Math & Science
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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5267 East Ocean Boulevard is a multi-family home for sale in Long Beach, CA 90803. This property was listed for sale on July 20, 2024 by Keller Williams Realty, it's currently listed at $3,499,900. It has been on the market for a total of 118 days and was last sold on November 18, 2022. This listing's school district is Long Beach Unified School District. Nearby schools include Naples Elementary School, Rogers Middle School and Wilson High School. 5267 East Ocean Boulevard is a 5-bed, 16-bath, 2,703 sqft multi-family home built in 1953.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Keller Williams Realty, Kathy Veysey, DRE #01175444

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.