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: $3,499,900
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.
This property is $2.6M 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
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: 11/23/2024, 7:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
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.
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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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
9
/10
Naples Bayside Academy
5537 E the Toledo
Distance between this listing and this school0.50 miles
Public District Grades KG-5
7
/10
Lowell Bayside Academy
5201 E Broadway
Distance between this listing and this school0.67 miles
Public District Grades KG-5
8
/10
Fremont Elementary School
4000 E 4th St
Distance between this listing and this school1.20 miles
Public District Grades KG-5
Nearby Schools
7
/10
Rogers Middle School
365 Monrovia Ave
Distance between this listing and this school0.82 miles
Public District Grades 6-8
7
/10
Jefferson Leadership Academies
750 Euclid Ave
Distance between this listing and this school1.61 miles
Public District Grades 6-8
4
/10
Franklin Classical Middle School
540 Cerritos Ave
Distance between this listing and this school2.70 miles
Public District Grades 6-8
Nearby Schools
6
/10
Wilson High School
4400 E 10th St
Distance between this listing and this school1.55 miles
Public District Grades 9-12
10
/10
Eunice Sato Academy of Math & Science
1100 Iroquois Ave
Distance between this listing and this school2.43 miles
Public District Grades 9-12
4
/10
Richard D. Browning High School
2120 Obispo Ave
Distance between this listing and this school3.00 miles
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. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.
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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 $3,499,900.
In October 2024, from all listings sold in Long Beach, CA there were more than 94 sold above asking price, over 83 sold below and more than 35 were sold right at the asked price. The number of homes for sale in Long Beach, CA decreased by 0.1% between September 2024 and October 2024. While the average time on the market in October 2024 was 34 days, the median list price was $824,667.
From Rocket Homes Real Estate and based on county public records data.
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. 
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