Seller's Agent in 2025
Kathy Veysey
Keller Williams Realty
(949) 981-8156
1 in this area
9 Total Sales
5267 E Ocean Blvd Long Beach, CA 90803
Belmont Shore Neighborhood
5
Beds
4
Baths
2,829
Sq Ft
2,702
Sq Ft Lot
Highlights
- Beach Front
- White Water Ocean Views
- Golf Course Community
- Naples Bayside Academy Rated A
- Property has ocean access
- 24-Hour Security
About This Home
As of April 2025Welcome to this COMPLETELY RENOVATED Trophy property, an exceptional Oceanfront fourplex located in the highly coveted Belmont Shore neighborhood. Just steps from the sandy beach, this rare investment opportunity offers a remarkable Cap Rate of 7.7% with a NET Income of $203,600. and a Pro forma Cap rate of 8.35%. Situated in one of Long Beach’s most desirable areas, this property is in close proximity to Naples Island, 2nd Street shopping and dining, Alamitos Bay, the Long Beach Bike/Walking Path, and the renowned Belmont Athletic Club.
This two-level fourplex comprises three 1 BD/1 BA units and one 2 BD/1 BA unit with a private sundeck, all meticulously renovated with high-end designer fixtures, finishes, and furnishings. Over $500,000 was invested into the property's renovations, which include new cabinets, countertops, waterproof flooring, designer bathroom tiles, modern light fixtures, fresh paint, and luxurious furnishings. Additional building improvements feature new electrical and plumbing upgrades, exterior landscaping, new pavers, a front gate, turf, plants, and enhanced lighting including in-ground lighting.
Investment opportunities of this quality and in this exclusive pocket are rare and highly sought after. With all units currently occupied, this is a unique chance to own a piece of Belmont Shore. For additional income, consider hosting oceanfront events on the patio, adding two loft-style ADUs in each garage, constructing a third-story penthouse apartment, and creating a rooftop sundeck. Enhance the indoor-outdoor living experience by adding a balcony to the upstairs oceanfront unit.
Seize this rare opportunity to invest in a luxury oceanfront property that promises both immediate returns and significant long-term value. Contact us today to schedule a viewing and explore the endless possibilities this trophy property has to offer.
Last Agent to Sell the Property
Keller Williams Realty Brokerage Phone: 949-981-8156 License #01175444 Listed on: 07/22/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1953 | Remodeled
Lot Details
- 2,702 Sq Ft Lot
- Beach Front
- No Common Walls
- Masonry wall
- Privacy Fence
- Vinyl Fence
- Block Wall Fence
- Stucco Fence
- New Fence
- Drip System Landscaping
- Paved or Partially Paved Lot
- Front Yard Sprinklers
- Lawn
- Density is 2-5 Units/Acre
- On-Hand Building Permits
Parking
- 4 Car Garage
- Parking Available
- Garage Door Opener
Property Views
- White Water Ocean
- Coastline
- Views of a pier
- Catalina
- City Lights
Home Design
- Quadruplex
- Contemporary Architecture
- Patio Home
- Entry on the 1st floor
- Additions or Alterations
- Fire Rated Drywall
- Interior Block Wall
- Partial Copper Plumbing
- Stucco
Interior Spaces
- 2,829 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Wet Bar
- Furnished
- Bar
- Crown Molding
- Wainscoting
- Ceiling Fan
- Recessed Lighting
- Electric Fireplace
- Gas Fireplace
- Double Pane Windows
- ENERGY STAR Qualified Windows
- Insulated Windows
- Shutters
- Custom Window Coverings
- Roller Shields
- Blinds
- Window Screens
- Panel Doors
- Living Room with Fireplace
- Storage
Kitchen
- Gas Oven
- Self-Cleaning Oven
- Gas Cooktop
- Range Hood
- Recirculated Exhaust Fan
- Microwave
- Ice Maker
- Water Line To Refrigerator
- Portable Dishwasher
- Granite Countertops
- Quartz Countertops
- Trash Compactor
- Disposal
Flooring
- Wood
- Laminate
- Tile
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
- Main Floor Bedroom
- 4 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
- Dryer
Home Security
- Alarm System
- Security Lights
- Carbon Monoxide Detectors
- Fire and Smoke Detector
- Termite Clearance
Eco-Friendly Details
- ENERGY STAR Qualified Appliances
- Energy-Efficient Lighting
Outdoor Features
- Property has ocean access
- Exterior Lighting
- Outdoor Storage
- Outdoor Grill
- Rain Gutters
Location
- Across the Road from Lake or Ocean
Utilities
- Wall Furnace
- Natural Gas Connected
- ENERGY STAR Qualified Water Heater
- Gas Water Heater
- Water Purifier
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tenant pays for electricity, gas, trash collection
- Legal Lot and Block 29 / 30
- Tax Tract Number 3750
- Assessor Parcel Number 7247025026
- $730 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 4 Units
- Belmont Shore Subdivision
Amenities
- Laundry Facilities
Recreation
- Golf Course Community
- Fishing
- Park
- Dog Park
- Water Sports
- Hiking Trails
- Bike Trail
Building Details
- 4 Leased Units
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Cable TV Expense $468
- Electric Expense $1,973
- Insurance Expense $2,737
- Maintenance Expense $2,228
- Other Expense $1,714
- Professional Management Expense $8,045
- Water Sewer Expense $1,274
- New Taxes Expense $28,920
- Operating Expense $49,222
- Gross Income $252,823
- Net Operating Income $203,600
Security
- 24-Hour Security
- Resident Manager or Management On Site
- Card or Code Access
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 28, 2022
Sold by
Tacy A Hunter Living Trust
Bought by
Olsen Irene D
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,765,000
Interest Rate
6.94%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 27, 1993
Sold by
Hunter Tacy A
Bought by
Tacy A Hunter Living Trust
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $2,265,000 | Ticor Title | |
| Grant Deed | -- | Sawday Jennifer N |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,765,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/22/2025 04/22/25 | Sold | $2,579,000 | -2.7% | $912 / Sq Ft | |
| 03/27/2025 03/27/25 | Price Changed | $2,649,333 | -4.3% | $936 / Sq Ft | |
| 03/18/2025 03/18/25 | Price Changed | $2,767,333 | -2.8% | $978 / Sq Ft | |
| 03/13/2025 03/13/25 | For Sale | $2,847,000 | +10.4% | $1,006 / Sq Ft | |
| 03/11/2025 03/11/25 | Off Market | $2,579,000 | -- | -- | |
| 02/14/2025 02/14/25 | Price Changed | $2,847,000 | -5.0% | $1,006 / Sq Ft | |
| 01/28/2025 01/28/25 | Price Changed | $2,997,000 | -7.8% | $1,059 / Sq Ft | |
| 01/24/2025 01/24/25 | For Sale | $3,249,000 | +26.0% | $1,148 / Sq Ft | |
| 01/24/2025 01/24/25 | Off Market | $2,579,000 | -- | -- | |
| 01/20/2025 01/20/25 | Price Changed | $3,249,000 | -1.5% | $1,148 / Sq Ft | |
| 11/29/2024 11/29/24 | Price Changed | $3,299,000 | -5.7% | $1,166 / Sq Ft | |
| 09/24/2024 09/24/24 | Price Changed | $3,499,900 | -1.4% | $1,237 / Sq Ft | |
| 08/05/2024 08/05/24 | Price Changed | $3,549,900 | -2.7% | $1,255 / Sq Ft | |
| 07/22/2024 07/22/24 | For Sale | $3,649,900 | +61.1% | $1,290 / Sq Ft | |
| 11/18/2022 11/18/22 | Sold | $2,265,000 | +7.9% | $879 / Sq Ft | View Prior Sale |
| 07/27/2022 07/27/22 | Pending | -- | -- | -- | |
| 07/20/2022 07/20/22 | For Sale | $2,100,000 | -- | $815 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $29,411 | $2,356,506 | $1,529,388 | $827,118 |
| 2024 | $29,411 | $2,310,300 | $1,499,400 | $810,900 |
| 2023 | $28,920 | $2,265,000 | $1,470,000 | $795,000 |
| 2022 | $2,586 | $157,603 | $94,228 | $63,375 |
| 2021 | $2,511 | $154,514 | $92,381 | $62,133 |
| 2019 | $2,475 | $150,433 | $89,642 | $60,791 |
| 2018 | $2,385 | $147,494 | $87,885 | $59,609 |
| 2016 | $2,086 | $141,287 | $84,473 | $56,814 |
| 2015 | $2,012 | $139,166 | $83,205 | $55,961 |
| 2014 | $2,015 | $136,441 | $81,576 | $54,865 |
Source: Public Records
Agents Affiliated with this Home
-
Kathy Veysey
-
Ali Jahanshahi
Buyer's Agent in 2025
Ali Jahanshahi
Keller Williams Realty N. Tustin
(949) 677-9631
1 in this area
58 Total Sales
-
Justin Sidell
Seller's Agent in 2022
Justin Sidell
Dream Life Real Estate
(562) 652-8993
3 in this area
196 Total Sales
-
Irene Olsen
Buyer's Agent in 2022
Irene Olsen
Keller Williams Realty
(714) 717-0912
1 in this area
6 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24149314
APN: 7247-025-026
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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