5220 E Broadway, Long Beach, CA 90803
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5220 E Broadway Long Beach, CA 90803

$1,997,000
  • 4 Beds
  • 4 Baths
  • 2,876 Sq.Ft.
Back Up Offer
$1,997,000 Get Pre-Qualified

Map preview of 5220 E Broadway, Long Beach, CA 90803

Property Overview: 5220 E Broadway Long Beach, CA has 4 bedrooms, 4 bathrooms, 2,876 living square feet and 9,143 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Beach close location! location! location!!! Welcome to your opportunity to own a piece of paradise in the coveted Belmont Park/Heights area of Long Beach! This charming 4-unit income property sits on a spacious lot spanning nearly 10,000 square feet and is located just a few blocks from the beach, while offering an unparalleled coastal lifestyle. Two of the four units feature newer carpeting and paint, ensuring a fresh and inviting atmosphere. With 2 two double car garages, there is ample parking for tenants and visitors alike, a rarity in this sought-after area. The property features a newer roof, adding to its appeal and minimizing maintenance concerns for the fortunate new owner. This property exudes incredible potential, whether you're an investor seeking to maximize rental income or an owner-occupant looking for a prime location to call home. Take advantage of the spacious lot to build additional units, offering even greater revenue potential. Or, combine two units to create a luxurious owner's unit, complete with all the amenities you desire. Other possibilities include multi generational living quarters or Create a spacious home in the front portion of the property and units over. the garages. The possibilities are endless! The exceptional location of this property is truly unbeatable. Enjoy local water sports with the Boat Marina nearby and the wonderful canals of Naples located just 2 blocks away. The beach along with a great bike path to downtown is located just few blocks in the other direction. Locals enjoy the convenience of being within walking distance to cafes, Boutiques and fine dining all while maintaining a peaceful ambiance away from the hustle and bustle of the city. Whether you choose to add this to your portfolio, live in one unit and rent out the others, or explore the potential for expansion and additional income streams, this property is sure to exceed your expectations. All units are on month to month agreements. Schedule your viewing today and unlock the full potential of this exceptional property.

Listed by Kim Kelly | BRE #00813127 | Compass
Last checked: 12 minutes ago | Last updated: May 1st, 2024 | Source CRMLS | DOM: 25
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Home details

Lot Sq. Ft
9,143
HOA Dues
$0/mo
Year built
1943
Garage
4 Car
Property Type:
Fourplex
Status
Back Up Offer
MLS#
PW24057750
City
Long Beach
County
Los Angeles
Time on Site
26 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 2
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 4
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,200
  • Total Rent: $1,200
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $32,400
  • Net Operating Income: $26,728
  • Gross Operating Income: --
  • Vacancy Allowance: $972
  • # of Rented Garages: 2
Annual Expense Breakdown
  • Total Operating Expense: $4,700
  • Electric: $51
  • Gas/Fuel: $50
  • Trash: $50
  • Gardener: $190
  • Insurance: $175
  • Water/Sewer: $50

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Property Details for 5220 E Broadway

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Floor Furnace, Wall Furnace
Laundry Information
  • Has Laundry
  • Common Area, Community, Individual Room
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Carpet, See Remarks
  • Primary Bedroom
Kitchen Information
  • Has Appliances
  • Gas Oven, Gas Cooktop, Water Heater
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Shingle
  • Has Fence
  • Chain Link
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Garage, Garage Faces Rear, On Site
Lot Information
  • Lot Features: Corner Lot, Front Yard, Lawn, Irregular Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 7249012004
  • Year Built Source: Public Records
  • Architectural Style: Traditional
  • Entry Level: 1
  • Foundation Details: Raised
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Belmont Park (BP)
  • Directions: Corner of Corona Ave / Broadway
  • Road Frontage Type: City Street
  • Road Surface Type: Gravel
Neighborhood Information
  • Community Features: Dog Park, Sidewalks
View more facts & features

Local Long Beach Agent

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Sale History for 5220 E Broadway

View property's historical transactions
  • May, 2024

  • May 1, 2024

    Date

    Back Up Offer

    CRMLS: PW24057750

    $1,997,000

    Price

  • Apr 8, 2024

    Date

    Active

    CRMLS: PW24057750

    $1,997,000

    Price

  • February, 2024

  • Feb 26, 2024

    Date

    Canceled

    CRMLS: PW23208922

    $2,250,000

    Price

  • Nov 16, 2023

    Date

    Active

    CRMLS: PW23208922

    $2,250,000

    Price

  • Listing provided courtesy of CRMLS

    LOCATION, LOCATION, LOCATION! AND an ASTONISHINGLY HUGE LOT (Over 9000 Sq Ft per Assessor) in the lovely BELMONT PARK neighborhood of Long Beach, 2 blocks from 2nd St in Belmont Shore, 2 blocks from the Marine Stadium and 5 blocks to the Pacific Ocean. The property currently includes (4) One Bedroom units with (4) garage spaces and a separate Laundry Room. Two units are occupied on month-to-month basis at exceedingly low rents. Imagine what YOU can do with this property! Would you like to ... Expand each unit to include a Den or Office, a 2nd BA, a private patio, lanai or balcony? Or all? Would you like to ... Build your forever dream home - this lot is large ENOUGH FOR A SINGLE LEVEL ESTATE HOME with expansive gardens? Would you like to ... Consider a lovely Sophisticated Single Family on Broadway with ADUs in the back? So many choices! We are offering a once-in-a-lifetime opportunity!

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Tax History for 5220 E Broadway

Assessed Value (2020): $689,381
Year Land Value Improved Value Assessed Value
2020 $473,986 $215,395 $689,381

Home Value Compared to the Market

This property vs the competition

5220 E Broadway is listed 149.66% higher than the median list price for the city of Long Beach which has a median list price of $799,900. The median price per/sqft for Long Beach is $644 and this home is listed at $694.37 per/sqft which puts the price per square foot 7.82% higher than the median price per square foot for the city of Long Beach.

About 5220 E Broadway

Detailed summary of property

5220 E Broadway is a fourplex located in Long Beach, CA 90803 and is currently in escrow to be sold. This fourplex offers 4 bedrooms, 4 bathrooms, roughly 2,876 living square feet, and sits on an approximately 9,143 square foot lot. 5220 E Broadway was first listed on ArdentRealEstateGroup.com on April 9, 2024. The homeowner is currently asking $1,997,000. The median priced home in Long Beach is $799,900 with a median price per square foot of $644. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 149.66% higher than the median priced home. Local competing homes currently for sale include 337 Ximeno Ave, 204 Mira Mar Ave and 249 Grand Ave. While the average home in Long Beach, CA is selling in 54 days, 5220 E Broadway has a days on market of 25 days. There are currently 610 homes for sale in the Long Beach real estate market and 349 of them are single family homes while 248 of them are condos and 13 are townhomes. For more information on this home for sale at 5220 E Broadway Long Beach, CA 90803 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 5220 E Broadway

Public county record property details
Beds
4
Baths
4
Year built
1943
Sq. Ft.
2,876
Lot Size
9,141
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
7249-012-004

The source for these homes facts are from public records.

90803 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,400,000
Median List Price/Sq.Ft.
$838
Median Sold Price
$1,600,000
Median Sold Price/Sq.Ft.
$672
Total Inventory
100
Median Sale to List Price %
100%
Avg Days on Market
57
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (43.75%), Other (6.25%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.