5267 E Ocean Boulevard

Long Beach, CA 90803
$3,549,900
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 5.74% with a NET Income of $203,600. and a Pro forma Cap of 8.35%.Read MoreRead Less
Property listed by Keller Williams Realty, Kathy Veysey 949-981-8156
Listing Snapshot
Days Online
46
Last Updated
Sep 7, 2024
Property Type
Quadruplex
Lot Size
0.06 Acres
Year Built
1953
MLS Number
PW24149314
Property Location Map
Additional Details
Property Access
Road frontage type: CityStreet, Road surface type: Paved
Appliances & Equipment
ENERGYSTARQualifiedAppliances, ENERGYSTARQualifiedWaterHeater, ExhaustFan, GasCooktop, Disposal, GasOven, GasRange, GasWaterHeater, HighEfficiencyWaterHeater, IceMaker, Microwave, PortableDishwasher, Refrigerator, RangeHood, SelfCleaningOven, TrashCompactor, WaterToRefrigerator, WaterHeater, WaterPurifier, Dryer
Building
Built in 1953, Building area total: 2,703, Levels: Two, 2 stories, 1 building, Architectural style: Contemporary, PatioHome, Common walls: NoCommonWalls, Construction materials: Drywall, Stucco
Community
Biking, Curbs, DogPark, Fishing, Golf, Gutters, Hiking, Park, StormDrains, StreetLights, Sidewalks, WaterSports
Cooling
None
Doors
PanelDoors
Expenses
Cable tv expense: $468, Electric expense: $1,973, Insurance expense: $2,737, Licenses expense: $250, Maintenance expense: $2,228, New taxes expense: $28,920, Operating expense: $49,222, Water sewer expense: $1,274, Other expense: $1,714
Exterior Features
Barbecue, RainGutters
Fence
Block, Masonry, NewCondition, Privacy, StuccoWall, Vinyl
Fireplaces
Electric, Gas, LivingRoom
Floors
Laminate, Tile, Vinyl, Wood
Garage
4 spaces
Heating
WallFurnace
Income
Gross income: $252,823, Net operating income: $203,600
Interior Features
WetBar, BlockWalls, CeilingFans, CrownMolding, Furnished, GraniteCounters, OpenFloorplan, Pantry, PanelingWainscoting, QuartzCounters, RecessedLighting, Storage, Bar, BedroomonMainLevel
Laundry
CommonArea, ElectricDryerHookup, GasDryerHookup, Inside, LaundryCloset, InGarage
Lot
0.062 acres, 2,702 square feet, Size: 2,702, Item25UnitsAcre, DripIrrigationBubblers, FrontYard, SprinklersInFront, Lawn, Landscaped, Paved, SprinklersTimer, SprinklerSystem
Energy Saving
Green energy efficient: Lighting, Windows, Appliances, WaterHeater, Green water conservation: WaterSmartLandscaping
Parking
4 totals parking
Pool
None
Property
Zoning: LBR4R, Catalina, CityLights, Coastline, Ocean, Pier, Water, AcrosstheRoadfromLakeOcean, BeachAccess, BeachFront, OceanAccess, OceanFront
Security Features
Prewired, SecuritySystem, CarbonMonoxideDetectors, FireDetectionSystem, FireRatedDrywall, Item24HourSecurity, KeyCardEntry, ResidentManager, SmokeDetectors, SecurityLights
Sewer
PublicSewer
Tenant Pays
Electricity, Gas, ParkingFee, SeeRemarks
Utilities
ElectricityOnProperty, Standard, CableConnected, NaturalGasConnected, PhoneAvailable, SewerConnected, WaterConnected
Windows
Blinds, CustomCoverings, DoublePaneWindows, Drapes, ENERGYSTARQualifiedWindows, InsulatedWindows, RollerShields, Screens, Shutters
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Tina Burke
Realtor / CALDRE #01838777
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Based on information from California Regional Multiple Listing Service, Inc. as of Sep 7, 2024 and/or other sources. 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.