See all 60 photos

Listed by Kathy Veysey • Keller Williams Realty

$3,499,900

Est. payment - /mo

Save

2,703 SqFt

Active

5267 E Ocean Boulevard Long Beach, CA 90803

Save

In-PersonVirtual Tour

Daniel Ripper

[email protected] +1(415) 205-6312

UPDATED:

09/25/2024 08:22 AM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,703 sqft

Price per Sqft $1,294

MLS Listing ID CRPW24149314

HOA Y/N No

Originating Board Datashare California Regional

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 chance to

Location

State CA

County Los Angeles

Interior

Heating Wall Furnace

Cooling No Air Conditioning

Flooring Laminate, Tile, Vinyl, Wood

Fireplace No

Appliance Water Purifier, Gas Water Heater, ENERGY STAR Qualified Appliances

Laundry Community Facility, Dryer, Gas Dryer Hookup, Laundry Closet, In Garage, Other, Inside

Exterior

View City Lights, Water, Other, Ocean

Building

Lot Description Other, Front Yard, Paved, Landscape Misc

Water Public

© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.

GET MORE INFORMATION

Daniel Ripper

Broker Associate | License ID: 01382609

+1(415) 205-6312

Daniel Ripper

5267 E Ocean Boulevard Long Beach, CA 90803

Daniel Ripper

Key Details

Location

Interior

Exterior

Building

GET MORE INFORMATION

Go tour this home

5267 E Ocean Boulevard