Long Beach, CA 90803,5220 E Broadway
Long Beach, CA 90803,5220 E Broadway
Long Beach, CA 90803,5220 E Broadway
37
$1,885,000
$1,997,000
5.6%
Est.Price: ?

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2,876 SqFt

5220 E Broadway Long Beach, CA 90803

Est. payment /mo
SOLD DATE : 06/05/2024

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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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California Regional MLS (CRMLS)
Listed by Kim Kelly • Compass • 562-972-7765
Bought with Robert Martin • Compass

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Nicole Parent

Broker Associate | License ID: 01827226

+1(559) 930-7171

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