5 months on rocket

5267 E Ocean Blvd, Long Beach, CA, 90803

$3,299,000

0 Baths
Multi

Location

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Property Highlights

Home TypeQuadruplex
Garage4 spaces
Year Built1953
HeatingWall Furnace
CoolingNone
WaterfrontBeach, Ocean Access, Ocean Front
FireplaceElectric, Gas, Living Room
ViewIsland, City Lights, Other, Ocean, Pier, Water
MLS #PW24149314
Lot Size0.06 Acres
StatusActive

About 5267 E Ocean Blvd

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'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

Property Features

Property Information:

  • Architectural Style: Contemporary, Patio Home
  • Year Built: 1953
  • Stories: 2

Listing Office:

  • Office Name: Keller Williams Realty
  • Office Phone: (949) 981-8156
  • Listing Agent: Kathy Veysey

Interior Features

Interior Information:

  • Appliances: ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Exhaust Fan, Gas Cooktop, Disposal, Gas Oven, Gas Range, Gas Water Heater, Water Heater, Ice Maker, Microwave, Portable Dishwasher, Refrigerator, Range Hood, Self Cleaning Oven, Trash Compactor, Water Purifier, Dryer
  • Flooring Type: Laminate, Tile, Vinyl, Wood
  • Interior: Wet Bar, Block Walls, Ceiling Fan(s), Crown Molding, Furnished, Granite Counters, Open Floorplan, Pantry, Paneling/Wainscoting, Quartz Counters, Recessed Lighting, Storage, Bar, Bedroom on Main Level
  • Fireplace: Electric, Gas, Living Room

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: Beach, Ocean Access, Ocean Front
  • View: Island, City Lights, Other, Ocean, Pier, Water
  • Exterior: Barbecue, Rain Gutters

Parking Information:

  • Garage Space: 4 spaces

Lot Features

Lot Information:

  • Lot: Irrigation System, Front Yard, Sprinklers In Front, Lawn, Landscaped, Paved, Sprinklers
  • Lot Size: 0.06 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: None

Other

Directions Information:

  • Directions: On the corner of Ocean and La Verne.

Price Information

Listing Price Info

Price Summary:

  • List Price: $3,299,000

Tax Information:

  • Annual Amount: $2,511
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Long Beach, CA.

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Long Beach, CA

City

Med. Sold Price

$825.1K

Med. Price/SqFt

$633

Avg. Days On Market

35

# of Sold Homes

162

5267 E Ocean Blvd vs Long Beach

155 DAYS ON ROCKET

+120 Days

$3,299,000

+$2.4M More

KEY TAKEAWAY

This property is $2.4M more than the Median Sold Price in Long Beach, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #PW24149314

Listing Office:

  • Office Name: Keller Williams Realty
  • Office Phone: (949) 981-8156
  • Listing Agent: Kathy Veysey

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/25/2024, 3:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$2,511$155,014
2020$2,475$152,930
2019$2,385$149,933
2018$2,356$146,994
2017$2,356$144,112

History based on county public records data.

Payment Calculator

$16.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$9,957

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1535031
9
/10

  • Naples Bayside Academy

  • 5537 E the Toledo

  • 0.50 miles

  • Public District Grades KG-5

school-card-donut-1535032
7
/10

  • Lowell Bayside Academy

  • 5201 E Broadway

  • 0.67 miles

  • Public District Grades KG-5

school-card-donut-1535033
8
/10

  • Fremont Elementary School

  • 4000 E 4th St

  • 1.20 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $57,097. Residents of Long Beach, CA typically earn between $35k-100k each year. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

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Rocket Homes›California›Los Angeles County›Long Beach›90803›5267 E Ocean Blvd

This home is located at 5267 E Ocean Blvd in Long Beach, CA and zip code 90803 in the The Harbor neighborhood. This home, which was built in 1953, sits on a 0.06 acre lot. It has been listed on Rocket Homes since July 23, 2024 and is currently priced at $3,299,000.

In November 2024, from all listings sold in Long Beach, CA there were more than 66 sold above asking price, over 64 sold below and more than 32 were sold right at the asked price. In November 2024 in Long Beach, CA there were 10.6% less homes for sale than in October 2024. In November 2024 median list price was $825,128 and the average listing age was 35 days.

From Rocket Homes Real Estate and based on county public records data.

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