5325 E Ocean BLVD, Long Beach, CA 90803 – PW22072335 - Paul Ward

$3,560,000

Est. payment -/mo

Est.Price: ?

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3,541 Sqft Lot

SOLD DATE : 05/11/2022

Key Details

Sold Price $3,560,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Subdivision Belmont Shore (Bsd)

MLS Listing ID PW22072335

Year Built 1955

Lot Size 3,541 Sqft

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

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Carpet, Laminate, Vinyl

Fireplaces Type None

Laundry Common Area

Exterior

Parking Features Carport

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 Across the Road from Lake/Ocean,Beach Front,Ocean Front,Ocean Side Of Freeway,Ocean Side Of Highway

View Y/N Yes

View Ocean, Peek-A-Boo

Building

Lot Description Corner Lot, Street Level

Story 2

Sewer Public Sewer, Sewer Tap Paid

Water Public

New Construction No

Others

Acceptable Financing Cash, Cash to New Loan, Trust Conveyance

Listing Terms Cash, Cash to New Loan, Trust Conveyance

Special Listing Condition Trust, No Smoking

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Paul Ward

paul@homeandranchteam.com +1(805) 479-5004

Our team is ready to help you sell your home for the highest possible price ASAP

Listed by John Gooding • Vista Sotheby's Int'l Realty
Bought with John Gooding • Vista Sotheby's Int'l Realty

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Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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