$1,997,000

5220 Broadway, Long Beach 90803

4

Beds

4

Baths

9,143

Lot Size

4

# Of Units

Listing Agent
Kim Kelly - Compass

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.

Facts & Features

MLS® # PW24057750
Price $1,997,000
Bedrooms 4
Bathrooms 4.00
Lot Size 9,143
Year Built 1943
Type Residential Income
Sub-Type Quadruplex
Style Traditional
Status Active Under Contract
# Of Units 4

Community Information

Address 5220 Broadway
Area 1 - Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr
Subdivision Belmont Park (BP)
City Long Beach
County Los Angeles
Zip Code 90803

Amenities

Utilities Electricity Connected
Parking Spaces 4
Parking Garage, Garage Faces Rear, On Site
# of Garages 4
Garages Garage, Garage Faces Rear, On Site
View Neighborhood
Is Waterfront No
Has Pool No
Pool None

Interior

Interior Carpet, See Remarks
Appliances Gas Cooktop, Gas Oven, Water Heater
Heating Floor Furnace, Wall Furnace
Cooling None
Has Basement No
Fireplace Yes
Fireplaces Living Room
# of Stories 2
Stories Two

Exterior

Lot Description Corner Lot, Front Yard, Lawn, Irregular Lot
Roof Shingle
Foundation Raised

Additional Information

Date Listed April 3rd, 2024
Days on Market 36
Zoning LBR1S
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentKim Kelly
OfficeCompass

Listing Map

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