5220 East Broadway
5220 East Broadway
$1,997,000
4
4
2,876
2,876
$694
Listed By Compass
Active Under Contract
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
Property Details for 5220 East Broadway
Architectural Style
Traditional
ViewNeighborhood
Parking Spaces Total4
Private PoolNo
Cooling TypeN/K
Total Units4.0
Building TypeAttached
Lot Size SourceAssessor
Location
LISTING UPDATED: 05/01/2024 01:13 AM
Property Details for 5220 East Broadway
Status | Active Under Contract |
---|---|
MLS # | PW24057750 |
Days on Market | 22 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1943 |
Lot Size | 0.21 AC / 9,143 SF |
County | Los Angeles County |
Location
Building Information for 5220 East Broadway
Stories2Residences-Year Built1943Building Size-Lot Size0.21 AC / 9,143 SF
Payment Calculator
$11,726 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 5220 East Broadway
Property History for 5220 East Broadway
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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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