5267 East Ocean Boulevard
$3,499,900
5
16
2,703
2,703
$1,295
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.
- 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
ViewCatalina, City Lights, Coastline, Ocean, Pier, Water, White Water
Parking Spaces Total4
Private PoolNo
Cooling TypeN/K
Total Units4.0
Building TypeDetached
Lot Size SourceAssessor
LISTING UPDATED: 09/24/2024 04:48 AM
Property Details for 5267 East Ocean Boulevard
Status | Active |
---|---|
MLS # | PW24149314 |
Days on Market | 118 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1953 |
Lot Size | 0.06 AC / 2,702 SF |
County | Los 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
Property History for 5267 East Ocean Boulevard
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
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.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.