5267 E Ocean Boulevard,
Home For Sale
Welcome to this COMPLETELY RENOVATED trophy property, an exceptional oceanfront fourplex located in the highly coveted Belmont Shores neighborhood. Just steps from the sandy beach, this rare investment opportunity offers a remarkable Cap rate of 5.58% with a NET Income of $203,600. 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 Shores. 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 t
Property Details
Additional Information
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- County:
- Los Angeles
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- Zip:
- 90803
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- MLS® #:
- PW24149314
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- Bedrooms:
- 5
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- Lot Size:
- 0.06
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- Neighborhood:
- LONG BEACH (90803)
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Listing information last updated on July 23rd, 2024 at 9:17am PDT.