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5267 E Ocean Blvd, Long Beach, CA 90803
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5267 E Ocean Blvd Long Beach, CA 90803

$3,549,900
  • 20 Beds
  • 16 Baths
  • 2,703 Sq.Ft.
For Sale
$3,549,900 Get Pre-Qualified
Map preview of 5267 E Ocean Blvd, Long Beach, CA 90803

Property Overview: 5267 E Ocean Blvd Long Beach, CA has 20 bedrooms, 16 bathrooms, 2,703 living square feet and 2,702 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: 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%. 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 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 upstairs oceanfront unit. Seize this rare opportunity to invest in a luxury oceanfront property that promises both immediate returns and significant long-term value. Contact us today to schedule a viewing and explore the endless possibilities this trophy property has to offer.

Listed by Kathy Veysey | BRE #01175444 | Keller Williams Realty
Last checked: 14 minutes ago | Last updated: August 22nd, 2024 | Source CRMLS | DOM: 46

Home details

Lot Sq. Ft
2,702
HOA Dues
$0/mo
Year built
1953
Garage
4 Car
Property Type:
Fourplex
Status
Active
MLS#
PW24149314
City
Long Beach
County
Los Angeles
Time on Site
57 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 3
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 5
  • # of Baths: 4
  • Garage Spaces: 4
  • Garaged Attached? No
  • Furnishing: Negotiable
  • Actual Rent: $252,823
  • Total Rent: $252,823
  • Pro Forma/Market Rent: $296,377
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.74%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $248,673
  • Net Operating Income: $203,600
  • Gross Operating Income: $252,823
  • Vacancy Allowance: $0
  • # of Rented Garages: 1
  • Garage Rental Rate: $400
  • Garage Rental Income: $2,950
  • Laundry Income: $0
  • Laundry Own/Lease: Own
  • Other Income 1: $2,950
  • Other Income 2: $1,200
  • Other Income Description: Front patio for Venues. in P&L
  • Personal Property: $118,000
  • Improvements Total: $485,000
Annual Expense Breakdown
  • Total Operating Expense: $49,222
  • Electric: $1,973
  • Licenses: $250
  • New Taxes: $28,920
  • Trash: $0
  • Cable TV: $468
  • Insurance: $2,737
  • Maintenance: $2,228
  • Professional Management: $8,045
  • Water/Sewer: $1,274
  • Other Expenses: $1,714
  • Other Expense Description: Gas

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Property Details for 5267 E Ocean Blvd

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community, Dryer Included, Gas & Electric Dryer Hookup, Gas Dryer Hookup, In Closet, In Garage, Inside
Fireplace Information
  • Has Fireplace
  • Living Room, Electric, Gas
Room Information
  • Flooring: Laminate, Tile, Vinyl, Wood
  • Kitchen, Laundry, Living Room, Main Floor Bedroom, Primary Bathroom, Primary Bedroom
Kitchen Information
  • Has Appliances
  • ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Disposal, Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater, High Efficiency Water Heater, Ice Maker, Microwave, Portable Dishwasher, Range Hood, Recirculated Exhaust Fan, Refrigerator, Self Cleaning Oven, Trash Compactor, Water Heater, Water Line to Refrigerator, Water Purifier
Interior Features
  • Bar, Block Walls, Ceiling Fan(s), Copper Plumbing Partial, Crown Molding, Furnished, Granite Counters, Open Floorplan, Pantry, Quartz Counters, Recessed Lighting, Storage, Wainscoting, Wet Bar
  • Levels: Two
  • Window Features: Blinds, Custom Covering, Double Pane Windows, Drapes, ENERGY STAR Qualified Windows, Insulated Windows, Roller Shields, Screens, Shutters
  • Security Features: 24 Hour Security, Carbon Monoxide Detector(s), Card/Code Access, Fire and Smoke Detection System, Fire Rated Drywall, Resident Manager, Security Lights, Security System, Smoke Detector(s), Wired for Alarm System
  • Door Features: Panel Doors
Exterior Features
Exterior Information
  • Barbecue Private, Rain Gutters
  • Has Fence
  • Block, Masonry, New Condition, Privacy, Stucco Wall, Vinyl
  • Other Structures: Second Garage Attached, Storage
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: 2-5 Units/Acre, Front Yard, Landscaped, Lawn, Patio Home, Paved, Sprinkler System, Sprinklers Drip System, Sprinklers In Front, Sprinklers Timer
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Has View
  • View: Catalina, City Lights, Coastline, Ocean, Pier, Water, White Water
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 7247025026
  • Year Built Source: Estimated
  • Architectural Style: Contemporary
  • Entry Level: 1
  • Property is not Attached
  • Property Condition: Additions/Alterations, Building Permit, Termite Clearance, Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Subdivision Name: Belmont Shore (BSD)
  • Directions: On the corner of Ocean and La Verne.
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Biking, Curbs, Dog Park, Fishing, Golf, Hiking, Gutters, Park, Watersports, Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 5267 E Ocean Blvd

Last sold for $2,265,000 on November 18th, 2022

  • July, 2024

  • Jul 22, 2024

    Date

    Active

    CRMLS: PW24149314

    $3,649,900

    Price

  • November, 2022

  • Nov 18, 2022

    Date

    Sold

    CRMLS: RS22155802

    $2,265,000

    Price

  • Jul 20, 2022

    Date

    Active

    CRMLS: RS22155802

    $2,100,000

    Price

  • Listing provided courtesy of CRMLS

    Welcome to Belmont Shore! 5267 E Ocean Blvd is a rare opportunity–right on the beach–in one of the most desirable neighborhoods Long Beach has to offer. Directly across from the sand, this two level fourplex breaks down to three - one bed/one bath units and one - studio unit, with two garages accessed by the back alleyway. Consistent care and maintenance has kept each unit in great condition, and even better, consistently rented. The property is walking distance to the beach, the Peninsula, Bayshore beach, handball courts, Leeway Sailing Center, the Long Beach Bike/Walking Path, The famous Belmont Athletic Club, and all restaurants and shopping on 2nd Street. Investment opportunities of this nature, in this pocket, and of this quality are rare and hard to come by. With all units currently occupied on a property that hasn’t seen the market since 1964, this is a chance to own a piece of the Shore that doesn’t come around often.

  • November, 2018

  • Nov 23, 2018

    Date

    Expired

    CRMLS: PW18265700

    $1,850

    Price

  • Nov 22, 2018

    Date

    Active

    CRMLS: PW18265700

    $1,850

    Price

  • Nov 19, 2018

    Date

    Hold

    CRMLS: PW18265700

    $1,850

    Price

  • Nov 3, 2018

    Date

    Active

    CRMLS: PW18265700

    $1,850

    Price

  • Listing provided courtesy of CRMLS

    Come home to this quaint triplex and enjoy the incredible Ocean view from this spacious one bedroom in desirable Belmont Shore. One car private garage included, so no need to search for parking. Your chance to enjoy the beautiful blue Pacific Ocean, bike and waking path right out your front door. Easy care laminate wood floors throughout. Large wardrobe closet for all your clothes. Walk to fine dining, shopping and entertainment on exciting 2nd Street. Short walk to the Bay for kayaking, flat boarding and other water activities. Your chance to live in one of the most desirable beach communities in Southern California.

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Tax History for 5267 E Ocean Blvd

Assessed Value (2020): $153,430
Year Land Value Improved Value Assessed Value
2020 $91,434 $61,996 $153,430

Home Value Compared to the Market

This property vs the competition

5267 E Ocean Blvd is listed 355.12% higher than the median list price for the city of Long Beach which has a median list price of $780,000. The median price per/sqft for Long Beach is $646 and this home is listed at $1313.32 per/sqft which puts the price per square foot 103.3% higher than the median price per square foot for the city of Long Beach.

About 5267 E Ocean Blvd

Detailed summary of property

5267 E Ocean Blvd is a fourplex located in Long Beach, CA 90803 and is currently for sale. This fourplex offers 20 bedrooms, 16 bathrooms, roughly 2,703 living square feet, and sits on an approximately 2,702 square foot lot. 5267 E Ocean Blvd was first listed on ArdentRealEstateGroup.com on July 23, 2024. The homeowner is currently asking $3,549,900 and was originally asking $3,649,900. The median priced home in Long Beach is $780,000 with a median price per square foot of $646. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 355.12% higher than the median priced home. Local competing homes currently for sale include 3402 Gundry Ave, 16861 Green Ln and 7852-7858 16Th St. While the average home in Long Beach, CA is selling in 62 days, 5267 E Ocean Blvd has a days on market of 46 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 5267 E Ocean Blvd 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 5267 E Ocean Blvd

Public county record property details
Beds
4
Baths
4
Year built
1953
Sq. Ft.
2,577
Lot Size
2,702
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
29
APN
7247-025-026

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
$1,595,000
Median List Price/Sq.Ft.
$824
Median Sold Price
$1,000,000
Median Sold Price/Sq.Ft.
$755
Total Inventory
128
Median Sale to List Price %
100.2%
Avg Days on Market
29
Loan Type
Conventional (29.63%), FHA (0%), VA (3.7%), Cash (37.04%), Other (29.63%)

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(714) 706-1823

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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.

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