Mohr Real Estate Group

Mohr Real Estate Group

5267 E Ocean Boulevard Long Beach CA 90803 MLS #PW24149314

5267 E Ocean Boulevard
Long Beach, CA, 90803
$3,299,000
Beds
0 Baths
SqFt
0.06 Acres
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$3,299,000
5267 E Ocean Boulevard
Long Beach, CA, 90803
MLS #PW24149314 img 0

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&#39'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.

Property Details

Price:
$3,299,000
MLS #:
PW24149314
Status:
Active
Baths:
0
Address:
5267 E Ocean Boulevard
Type:
Residential Income
Subtype:
Quadruplex
Subdivision:
Belmont Shore BSD
Neighborhood:
1belmontshoreparknaplesmarinapacbayhrbr
City:
Long Beach
Listed Date:
Jul 20, 2024
State:
CA
ZIP:
90803
Lot Size:
2,702 sqft / 0.06 acres (approx)
Year Built:
1953

Schools

Interior

Appliances
E N E R G Y S T A R Qualified Appliances, E N E R G Y S T A R 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
Cooling
None
Fireplace Features
Living Room, Electric, Gas
Flooring
Laminate, Tile, Vinyl, Wood
Heating
Wall Furnace
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
Window Features
Blinds, Custom Covering, Double Pane Windows, Drapes, E N E R G Y S T A R Qualified Windows, Insulated Windows, Roller Shields, Screens, Shutters

Exterior

Community Features
Biking, Curbs, Dog Park, Fishing, Golf, Hiking, Gutters, Park, Watersports, Sidewalks, Storm Drains, Street Lights
Electric
Electricity – On Property, Standard
Exterior Features
Barbecue Private, Rain Gutters
Fencing
Block, Masonry, New Condition, Privacy, Stucco Wall, Vinyl
Garage Spaces
4.00
Green Energy Efficient
Appliances, Lighting, Water Heater, Windows
Lot Features
2-5 Units/ Acre, Front Yard, Landscaped, Lawn, Patio Home, Paved, Sprinkler System, Sprinklers Drip System, Sprinklers In Front, Sprinklers Timer
Parking Spots
4.00
Pool Features
None
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
Sewer
Public Sewer
Stories Total
2
View
Catalina, City Lights, Coastline, Ocean, Pier, Water, White Water
Water Source
Public

Financial

Association Fee
0.00
Tenant Pays
Electricity, Gas, Parking Fee, See Remarks
Utilities
Cable Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
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5267 E Ocean Boulevard
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