$3,560,000
$3,400,000
4.7%For more information regarding the value of a property, please contact us for a free consultation.
5325 E Ocean BLVD Long Beach, CA 90803
5,692 SqFt
Key Details
Sold Price $3,560,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 5,692 sqft
Price per Sqft $625
Subdivision Belmont Shore (Bsd)
MLS Listing ID PW22072335
Sold Date 05/11/22
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1955
Lot Size 3,541 Sqft
Acres 0.0813
Lot Dimensions Assessor
Property Description
Mid-century style apartment building in "PRIME" Belmont Shore location with unobstructed ocean views! There are eight one-bedroom units with laundry room, storage and tuck-under carport parking for four cars. This "trophy" property has not been on the market in over thirty-five years! All units are individually metered for gas & electricity. Plenty of opportunity to increase rental values as tenants relocate and units continue to be upgraded. Rental income shown is current and expenses shown are from last year's operating statement. Beach is directly across the street with close by access to Belmont Shore shops on 2nd St., paddle boarding, basketball courts, kayaking and more! This is an ideal upleg for investors! One-of-a-kind opportunity!
Location
State CA
County Los Angeles
Area 1 - Belmont Shore/Park, Naples, Marina Pac, Bay Hrbr
Zoning LBR4R
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Carpet, Laminate, Vinyl
Fireplaces Type None
Fireplace No
Appliance Electric Range, Disposal
Laundry Common Area
Exterior
Garage Carport
Carport Spaces 4
Pool None
Community Features Biking, Dog Park, Golf, Hiking, Park, Storm Drain(s), Street Lights, Suburban, Sidewalks, Water Sports
Utilities Available Cable Available, Electricity Connected, Natural Gas Available, Sewer Connected
Waterfront Description AcrosstheRoadfromLakeOcean,Beach Front,Ocean Front,Ocean Side Of Freeway,Ocean Side Of Highway
View Y/N Yes
View Ocean, Peek-A-Boo
Parking Type Carport
Total Parking Spaces 4
Private Pool No
Building
Lot Description Corner Lot, Street Level
Story 2
Entry Level Two
Sewer Public Sewer, Sewer Tap Paid
Water Public
Architectural Style Mid-Century Modern
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 7245007023
Acceptable Financing Cash, CashtoNewLoan, Trust Conveyance
Listing Terms Cash, CashtoNewLoan, Trust Conveyance
Financing Cash
Special Listing Condition Trust, No Smoking
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Bought with John Gooding • Vista Sotheby's Int'l Realty