CA > Long Beach
Long Beach, CA 90803,5267 E Ocean BLD
Long Beach, CA 90803,5267 E Ocean BLD
Long Beach, CA 90803,5267 E Ocean BLD
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Joel Martinez

Joel Martinez

+1(831) 230-0059
$3,299,000
Est. payment /mo
2,702 Sqft Lot
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UPDATED:

12/21/2024 08:23 PM

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRPW24149314

Style Contemporary

Originating Board California Regional MLS

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 chan

Location

State CA

County Los Angeles

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

Rooms

Kitchen Ice Maker, Garbage Disposal, Hood Over Range, Microwave, Other, Oven - Self Cleaning, Pantry, Exhaust Fan, Dishwasher - Portable, Oven Range - Gas, Refrigerator, Trash Compactor, Oven - Gas

Interior

Heating Wall Furnace

Cooling None

Flooring Laminate

Laundry Gas Hookup, In Closet, In Garage, Other, 38, Washer/Dryer - Owned, Community Facility, Dryer

Exterior

Garage Spaces 4.0

Pool None

View Ocean, Other, Water, City Lights

Building

Lot Description Paved

Water Other, Hot Water, District - Public, Water Purifier - Owned

Architectural Style Contemporary

Others

Tax ID 7247025026

Special Listing Condition Not Applicable

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Listed by Kathy Veysey • Keller Williams Realty

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agent

Joel Martinez

+1(831) 230-0059

Property Connection Specialist | License ID: 02338033

Property Connection Specialist License ID: 02338033

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