Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    5267 Ocean Boulevard, Long Beach, CA 90803
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    5267 Ocean Boulevard
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    • MLS#: PW25014252 ( Quadruplex )
    • Street Address: 5267 Ocean Boulevard
    • Viewed: 3
    • Price: $3,249,000
    • Price sqft: $1,148
    • Waterfront: Yes
    • Wateraccess: Yes
    • Year Built: 1953
    • Bldg sqft: 2829
    • Bedrooms: 5
    • Total Baths: 4
    • Full Baths: 4
    • Garage / Parking Spaces: 4
    • Days On Market: 74
    • Additional Information
    • County: LOS ANGELES
    • City: Long Beach
    • Zipcode: 90803
    • Subdivision: Belmont Shore (bsd)
    • District: Long Beach Unified
    • High School: MILLIK
    • Provided by: Keller Williams Realty
    • Contact: Kathy Kathy
    • California Regional MLS IDX
    • DMCA Notice
    • 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 6.3% with a NET Income of $203,600. and a Pro forma Cap 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 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.
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    Features
    Appliances
    1. ENERGY STAR Qualified Appliances
    2. ENERGY STAR Qualified Water Heater
    3. Disposal
    4. Gas Oven
    5. Gas Range
    6. Gas Cooktop
    7. Gas Water Heater
    8. High Efficiency Water Heater
    9. Ice Maker
    10. Microwave
    11. Portable Dishwasher
    12. Range Hood
    13. Recirculated Exhaust Fan
    14. Refrigerator
    15. Self Cleaning Oven
    16. Trash Compactor
    17. Water Heater
    18. Water Line to Refrigerator
    19. Water Purifier
    Architectural Style
    1. Contemporary
    Assessments
    1. Unknown
    Association Fee
    1. 0.00
    Commoninterest
    1. Community Apartment
    Common Walls
    1. No Common Walls
    Construction Materials
    1. Drywall Walls
    2. Stucco
    Cooling
    1. None
    Country
    1. US
    Door Features
    1. Panel Doors
    Electric
    1. Electricity - On Property
    2. Standard
    Entry Location
    1. Front of Building
    Fencing
    1. Block
    2. Masonry
    3. New Condition
    4. Privacy
    5. Stucco Wall
    6. Vinyl
    Fireplace Features
    1. Living Room
    2. Electric
    3. Gas
    Flooring
    1. Laminate
    2. Tile
    3. Vinyl
    4. Wood
    Garage Spaces
    1. 4.00
    Green Energy Efficient
    1. Appliances
    2. Lighting
    3. Water Heater
    4. Windows
    Green Water Conservation
    1. Water-Smart Landscaping
    Heating
    1. Wall Furnace
    High School
    1. MILLIK2
    Highschool
    1. Millikan
    Interior Features
    1. Bar
    2. Block Walls
    3. Ceiling Fan(s)
    4. Copper Plumbing Partial
    5. Crown Molding
    6. Furnished
    7. Granite Counters
    8. Open Floorplan
    9. Pantry
    10. Quartz Counters
    11. Recessed Lighting
    12. Storage
    13. Wainscoting
    14. Wet Bar
    Laundry Features
    1. Community
    2. Dryer Included
    3. Gas & Electric Dryer Hookup
    4. Gas Dryer Hookup
    5. In Closet
    6. In Garage
    7. Inside
    Levels
    1. Two
    Living Area Source
    1. Estimated
    Lockboxtype
    1. Combo
    2. See Remarks
    Lot Features
    1. 2-5 Units/Acre
    2. Front Yard
    3. Landscaped
    4. Lawn
    5. Patio Home
    6. Paved
    7. Sprinkler System
    8. Sprinklers Drip System
    9. Sprinklers In Front
    10. Sprinklers Timer
    Other Structures
    1. Second Garage Attached
    2. Storage
    Parcel Number
    1. 7247025026
    Parking Features
    1. Garage
    2. Garage Door Opener
    Pool Features
    1. None
    Postalcodeplus4
    1. 3386
    Property Type
    1. Quadruplex
    Property Condition
    1. Additions/Alterations
    2. Building Permit
    3. Termite Clearance
    4. Updated/Remodeled
    Road Frontage Type
    1. City Street
    Road Surface Type
    1. Paved
    School District
    1. Long Beach Unified
    Security Features
    1. 24 Hour Security
    2. Carbon Monoxide Detector(s)
    3. Card/Code Access
    4. Fire and Smoke Detection System
    5. Fire Rated Drywall
    6. Resident Manager
    7. Security Lights
    8. Security System
    9. Smoke Detector(s)
    10. Wired for Alarm System
    Sewer
    1. Public Sewer
    Subdivision Name Other
    1. Belmont Shore (BSD)
    Utilities
    1. Cable Connected
    2. Natural Gas Connected
    3. Phone Available
    4. Sewer Connected
    5. Water Connected
    View
    1. Catalina
    2. City Lights
    3. Coastline
    4. Ocean
    5. Pier
    6. Water
    7. White Water
    Waterfront Features
    1. Across the Road from Lake/Ocean
    2. Beach Access
    3. Beach Front
    4. Ocean Access
    5. Ocean Front
    6. Sea Front
    Water Source
    1. Public
    Window Features
    1. Blinds
    2. Custom Covering
    3. Double Pane Windows
    4. Drapes
    5. ENERGY STAR Qualified Windows
    6. Insulated Windows
    7. Roller Shields
    8. Screens
    9. Shutters
    Year Built
    1. 1953
    Year Built Source
    1. Estimated
    Zoning
    1. LBR4R
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836