Active

5267 E Ocean Boulevard

Long Beach CA, 90803

$2,847,000


Active

5 Beds

Multi-family

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 7.15% with a NET Income of $203,600. and a Pro forma Cap rate of 8.35%. Situated in one of Long Beachs 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

PW24149314

MLS ID

July 22, 2024

Listed

February 20, 2025

Updated

Interior Features

Total Stories

2


Bedrooms

5


Appliances

Gas Water Heater, Range/Oven, Refrigerator, Washer


Fireplace

No


Cooling

No


Cooling Description

None


Heating

No

Exterior/Building Features

Lot Size

0.06 Acres


Lot Features

Curbs, Sidewalks


Patio And Porch

Patio

Other Property Details

Days on Market

214


Garage

No


View

No


County

Los Angeles


Pool

No


Pool Features

None


Zoning

Estimated

Listing History

Date

Event

Price

2/15/2025

Price change

$2,847,000

-6%

1/28/2025

Price change

$2,997,000

-8%

Listed by Keller Williams Realty, Kathy Veysey,
Listing Contact: 949-981-8156 

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Data last updated 11:00 PM UTC, 2/20/2025

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