Long Beach, CA 90803 5220 E Broadway
$1,997,000
44 more
Presented By: Kim Kelly with Compass; 562-972-7765
Home Details
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.
Presented By: Kim Kelly with Compass; 562-972-7765
Interior Features for 5220 E Broadway
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace FeaturesLivingRoom
Fireplace Y/NYes
FlooringCarpet, SeeRemarks
Heating Y/NYes
Laundry FeaturesCommonArea, LaundryRoom
Total Stories2
Other Rooms
Entry Level1
General for 5220 E Broadway
Additional Parcels Y/NNo
AppliancesGasCooktop, GasOven, WaterHeater
Architectural StyleTraditional
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLong Beach
Community FeaturesDogPark, Sidewalks
CoolingNone
CountyLos Angeles
Days on Market22
DirectionsCorner of Corona Ave / Broadway
Electric Expense51.0
Entry Location1
Fuel Expense50.0
Garage Spaces4.0
Garage Y/NYes
Gross Income32400.0
HOA0.0
HOA / Comm AssnNo
HeatingFloorFurnace, WallFurnace
Home Warranty Y/NNo
Insurance Expense175.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashtoNewLoan
Lot Size Square Feet9143.0
MLS Area1 - Belmont Shore/Park, Naples, Marina Pac, Bay Hrbr
MobileHomeRemainsYNNo
Net Operating Income26728.0
New ConstructionNo
Number of Units Leased2
Operating Expense4700.0
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubTypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NYes
RoofShingle
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories2
Street NameBroadway
Subdivision NameBelmont Park (BP)
Tax Lot4
Total Actual Rent2700.0
Total Units4
Trash Expense50.0
UtilitiesElectricityConnected
ViewNeighborhood
View Y/NYes
Water Sewer Expense50.0
Waterfront Y/NNo
Year Built1943
Year Built SourcePublicRecords
ZoningLBR1S
Exterior for 5220 E Broadway
Building Area Total2876.0
Crops Included Y/NNo
FencingChainLink
Foundation DetailsRaised
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesCornerLot, FrontYard, IrregularLot, Lawn
Lot Size Acres0.2099
Lot Size Area9143.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings2
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesGarage, OnSite, GarageFacesRear
Road Frontage TypeCityStreet
Road Surface TypeGravel
SpaNo
Total Parking4.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480