5220 East Broadway

Long Beach, CA 90803

$1,997,000
Price
4
Beds
4
Baths
2,876 Sq. Ft.
$694 / Sq. Ft.
2,876
Sq. Ft.
$694
per Sq. Ft.

Description

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...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.

Listing Agent

  1. Kim Kelly

    Kim Kelly

    Listing Agent

    Compass

    DRE #00813127

    kimkelly@compass.com

    P: 562.972.7765

Property Details for 5220 East Broadway

Architectural Style
Traditional
View
Neighborhood
Parking Spaces Total
4
Private Pool
No
Cooling Type
N/K
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor

Location

Listing Courtesy of Compass, Kim Kelly, DRE #00813127
Add your commute
LISTING UPDATED: 05/01/2024 01:13 AM

Property Details for 5220 East Broadway

StatusActive Under Contract
MLS #PW24057750
Days on Market22
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1943
Lot Size0.21 AC / 9,143 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Kim Kelly, DRE #00813127
Add your commute

Building Information for 5220 East Broadway

Stories2Residences-Year Built1943Building Size-Lot Size0.21 AC / 9,143 SF

Payment Calculator

$11,726 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,898

Property Taxes

$828

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5220 East Broadway

Income / Expense / Tax Details
Income Details
  • Gross Income: $32,400
  • Gross Scheduled Income: $32,400
  • Vacancy Allowance: 972
  • Net Operating Income: $26,728
  • Number Of Rented Garages: 2
Expense Details
  • Operating Expense: $4,700
  • Gardener Expense: $190
  • Fuel Expense: $50
  • Electric Expense: $51
  • Insurance Expense: $175
  • Trash Expense: $50
  • Water Sewer Expense: $50
  • Total Expenses: $586
Tax / Assessment Info
  • Tax Tract Number: 12322
  • Tax Census Tract: 5774.00
  • CFD/Mello-Roos Fee: $923
  • Tax Lot: 4
Community / Development
Community / Development
  • Community Features: Dog Park, Sidewalks
Property / Structure Info
Interior Features
  • Appliances: Gas Oven, Gas Cooktop, Water Heater
  • Equipment: Community, Laundry Area, Room
  • Room Type: Primary Bedroom
  • Laundry: Yes
  • Laundry Features: Common Area, Community, Individual Room
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: None
  • Heating Type: Floor Furnace, Wall
  • Heating: Floor Furnace, Wall Furnace
  • Heat Equipment: Floor Furnace
  • Flooring: Carpet, See Remarks
Exterior Features
  • Roof: Shingle
  • Entry Location: 1
  • Fence: Yes
  • Fence: Chain Link
  • Fencing: Chain Link
  • Foundation Details: Raised
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Corner Lot, Front Yard, Lawn, Irregular Lot
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Gravel
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected
  • Electric: Electricity Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Garage
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Garage, Garage Faces Rear, On Site
Property / Structure Info
  • Builders Tract Name: Belmont Park
  • Builders Tract Code: Belmont Park (BP)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 4
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,500
  • Unit Type Total Rent: $1,500
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,200
  • Unit Type Total Rent: $1,200
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1

Property History for 5220 East Broadway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5220 East Broadway

Taxable ValueLand$498,242Additions$226,417Total$724,659
Tax Record2023$9,940 ($828 / month)
Home Facts
Total Finished SqFt2,876 SqFtAbove Grade Finished SqFt2,876 SqFtLot Size9,141 SqFtStyleQuadraplexYear Built1943ZoningLBR1SCountyLOS ANGELESAPN7249-012-004

Schools near 5220 East Broadway

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Lowell Elementary School
PublicK to 5

Rogers Middle School
Public6 to 8

Wilson High School
Public9 to 12

Eunice Sato Academy Of Math & Science
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Kim Kelly, DRE #00813127

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.