• 5220 E Broadway Long Beach, CA 90803

  • $1,997,000
  • 4
    Bed(s)
  • 4
    Baths
  • 2,876
    Sq Ft
  • 9143
    Sqft
  • Listed By: Kim Kelly, Compass, DRE #00813127
  • Source: CRMLS

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.

Property Type :

Residential Income

Subdivision :

Fallbrook

County :

Los Angeles

Style :

Residential Income

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Unit No Unit Key Total Bath Total Bed Full Bath Half Bath
1 1066052580 1 1 1 0
2 1066052580 1 1 1 0
3 1066052580 1 1 1 0
4 1066052580 1 1 1 0

Property Details

 

Water/Sewer

Water Source : Public

Sewer : Public Sewer

Interior Features

Roof : Shingle

Property Appliances: Gas Cooktop,Gas Oven,Water Heater

Fireplace: Living Room

Flooring: Carpet,See Remarks

Cooling Features

None

Air Conditioning

Heating Source

Floor Furnace,Wall Furnace

Has Heating

Fireplace

Fireplace Features: Living Room

Has Fireplace: 1

Building Information

Year Built: 1943

Building Area Total: 2,876

Roof: Shingle

Foundation

Raised

Pool Features

None

Laundry Features

Common Area,Laundry Room

Fencing

Chain Link

Lot Details

Lot Dimensions Source: Vendor Enhanced

Lot Size Acres: 0.2099

Lot Size Source: Assessor

Lot Size Square Feet: 9143

Listing Price Information

Original List Price: 1,997,000

Listing Contract Date: 2024-04-03

Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 7249012004

Garage and Parking

Garage Description: Garage,On Site,Garage Faces Rear

Homeowners Association

Rental Info

Lease Term: Negotiable

Other Property Info

Source Listing Status: Active Under Contract

Source Neighborhood: 1 - Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr

Postal Code Plus 4: 1878

Directions: Corner of Corona Ave / Broadway

Zoning: LBR1S

Source Property Type: Residential Income

Area: 1 - Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr

Property SubType: Quadruplex

Building and Construction

Property Age: 81

Common Walls: 2+ Common Walls

Structure Type: Quadruplex

Year Built Source: Public Records

Entry Level: 1

Entry Location: 1

Property Attached: Yes

Levels or Stories: Two

Building Total Stories: 2

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
3939 E Allin Street #214, Long Beach, CA,90803 $600,000 2 1 912 35003 Sqft
85 Rivo Alto Canal, Long Beach, CA,90803 $3,995,000 4 2 2,363 2426 Sqft
2611 E Broadway, Long Beach, CA,90803 $12,995,000 -- -- 28,010 20477 Sqft
6271 Emerald Cove, Long Beach, CA,90803 $279,000 2 2 1,034 --
297 Nieto Avenue, Long Beach, CA,90803 $1,600,000 3 2 1,681 5931 Sqft
6086 Lido Lane, Long Beach, CA,90803 $7,250,000 4 4 3,970 2735 Sqft
5517 China Point, Long Beach, CA,90803 $2,850,000 3 3 2,307 3468 Sqft
11 Temple Avenue, Long Beach, CA,90803 $2,500,000 5 5 4,300 4012.5 Sqft
144 Rivo Alto Canal, Long Beach, CA,90803 $4,750,000 4 6 3,282 3244 Sqft
5634 Naples Canal, Long Beach, CA,90803 $4,185,000 3 3 2,369 2509 Sqft

Copyright © 2024 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

ByOwner last updated this listing 05/10/2024 @ 06:11

MLS: PW24057750
LISTED BY: Kim Kelly, Compass
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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