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5220 E Broadway Long Beach, CA 90803
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Key Details
Sold Price $1,885,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,876 sqft
Price per Sqft $655
Subdivision Belmont Park (Bp)
MLS Listing ID PW24057750
Sold Date 06/05/24
HOA Y/N No
Year Built 1943
Lot Size 9,143 Sqft
Property Description
Beach close location! location! location!!! Welcome to your opportunity to own a piece of paradise in the coveted Belmont Park/Heights area of Long Beach! This charming 4-unit income property sits on a spacious lot spanning nearly 10,000 square feet and is located just a few blocks from the beach, while offering an unparalleled coastal lifestyle. Two of the four units feature newer carpeting and paint, ensuring a fresh and inviting atmosphere. With 2 two double car garages, there is ample parking for tenants and visitors alike, a rarity in this sought-after area. The property features a newer roof, adding to its appeal and minimizing maintenance concerns for the fortunate new owner. This property exudes incredible potential, whether you're an investor seeking to maximize rental income or an owner-occupant looking for a prime location to call home. Take advantage of the spacious lot to build additional units, offering even greater revenue potential. Or, combine two units to create a luxurious owner's unit, complete with all the amenities you desire. Other possibilities include multi generational living quarters or Create a spacious home in the front portion of the property and units over. the garages. The possibilities are endless! The exceptional location of this property is truly unbeatable. Enjoy local water sports with the Boat Marina nearby and the wonderful canals of Naples located just 2 blocks away. The beach along with a great bike path to downtown is located just few blocks in the other direction. Locals enjoy the convenience of being within walking distance to cafes, Boutiques and fine dining all while maintaining a peaceful ambiance away from the hustle and bustle of the city. Whether you choose to add this to your portfolio, live in one unit and rent out the others, or explore the potential for expansion and additional income streams, this property is sure to exceed your expectations. All units are on month to month agreements. Schedule your viewing today and unlock the full potential of this exceptional property.
Location
State CA
County Los Angeles
Area 1 - Belmont Shore/Park, Naples, Marina Pac, Bay Hrbr
Zoning LBR1S
Rooms
Ensuite Laundry Common Area, Laundry Room
Interior
Laundry Location Common Area,Laundry Room
Heating Floor Furnace, Wall Furnace
Cooling None
Flooring Carpet, See Remarks
Fireplaces Type Living Room
Fireplace Yes
Appliance Gas Cooktop, Gas Oven, Water Heater
Laundry Common Area, Laundry Room
Exterior
Garage Garage, On Site, Garage Faces Rear
Garage Spaces 4.0
Garage Description 4.0
Fence Chain Link
Pool None
Community Features Dog Park, Sidewalks
Utilities Available Electricity Connected
View Y/N Yes
View Neighborhood
Roof Type Shingle
Parking Type Garage, On Site, Garage Faces Rear
Total Parking Spaces 4
Private Pool No
Building
Lot Description Corner Lot, Front Yard, Irregular Lot, Lawn
Story 2
Entry Level Two
Foundation Raised
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7249012004
Energy Description 50.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Robert Martin • Compass