5239 East Ocean Boulevard
5239 East Ocean Boulevard
Closed 5/5/21
Closed 5/5/21
Description
5239 Ocean is a picturesque 1950’s building with expansive ocean views. Assets of this caliber, situated on Ocean Blvd, rarely hit the market! The Building is comprised of Six 1 bedroom x 1 bathroom nicely sized units. Each unit has been Impeccably maintained, three of the six beautifully upgraded to “like new” condition! Along with the finer finishes, mini-split...Pride of Ownership, Trophy Property! Located within the highly sought-after community of Belmont Shore, merely footsteps from the sand.
5239 Ocean is a picturesque 1950’s building with expansive ocean views. Assets of this caliber, situated on Ocean Blvd, rarely hit the market! The Building is comprised of Six 1 bedroom x 1 bathroom nicely sized units. Each unit has been Impeccably maintained, three of the six beautifully upgraded to “like new” condition! Along with the finer finishes, mini-split units have also been added. The building is separately metered for gas and electric and has a community laundry. Not only mere steps from the sand but just a short stroll to “2nd street”, which houses most of Long Beaches best fashion stores, restaurants, bars, coffee shops and everything that’s wonderful about Long Beach and Southern California!
- Listed by Cameron Jacques • DRE #01852032 • Brokerage DRE #02061504 • Kinnery's Brokerage House
- Listed by Corinna York-Rice • DRE #01305624 • Brokerage DRE #02061504 • Kinnery's Brokerage House
Property Details for 5239 East Ocean Boulevard
Location
Sold By Kinnery's Brokerage House, Cameron Jacques, DRE #01852032
Property Details for 5239 East Ocean Boulevard
| Status | Closed |
|---|---|
| MLS # | PW21041669 |
| Days on Market | 57 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1950 |
| County | Los Angeles County |
Location
Sold By Kinnery's Brokerage House, Cameron Jacques, DRE #01852032
Building Information for 5239 East Ocean Boulevard
Payment Calculator
$16,428 per month
30 year fixed, 7.25% Interest
$13,644
$2,784
$0
Property Information for 5239 East Ocean Boulevard
- Gross Income: $143,916
- Gross Scheduled Income: $143,916
- Vacancy Allowance: 2878
- Vacancy Allowance Rate: 2
- Gross Operating Income: $141,038
- Net Operating Income: $95,386
- Laundry Income: $2,016
- Gross Multiplier: 17.37
- Cap Rate: 3.82
- Financing: Cash
- Operating Expense: $45,652
- New Taxes Expense: $0
- Fuel Expense: $0
- Licenses Expense: $0
- Electric Expense: $0
- Insurance Expense: $0
- Professional Management Expense: $0
- Workmans Compensation Expense: $0
- Trash Expense: $0
- Water Sewer Expense: $0
- Total Expenses: $45,652
- Tax Block: 28
- Tax Tract Number: 3750
- Tax Census Tract: 5773.00
- Tax Lot: 30
- Community Features: Biking, Curbs, Fishing, Park, Watersports, Sidewalks, Street Lights, Suburban
- Appliances: Gas Oven, Gas Cooktop, Gas Water Heater, Refrigerator
- Equipment: Community, Refrigerator
- Water Heater Features: Gas
- Water Heater Type: Gas
- Laundry: Yes
- Laundry Features: Community
- Fireplace Features: None
- Fireplace Rooms: None
- Cooling: Dual
- Heating Type: Combination
- Heating: Combination
- Heat Equipment: Combination Heating
- Flooring: Laminate, Tile, Vinyl, Wood
- Roof: Flat
- Fence: No
- Fence: None
- Fencing: None
- Foundation Details: Slab
- Property Condition: Updated/Remodeled
- View Description: Ocean, Panoramic
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Spa Features: None
- Lot Features: Rectangular Lot, Walkstreet
- Number Of Units: 6
- Land Lease: No
- Land Lease Type: Fee
- Road Surface Type: Paved
- Road Frontage Type: City Street
- Levels: Two
- Sewer: Public Sewer
- Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected
- Water Source: Public
- Garage Spaces: 0
- Parking: No
- Parking Garage: None
- Uncovered Spaces: 0
- Open Other Spaces Total: 0
- Parking Garage Spaces: 0
- Carport Spaces: 0
- Parking Features: None
- Builders Tract Name: Belmont Shore
- Builders Tract Code: Belmont Shore (BSD)
- Unit Type Units Total: 2
- 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: $2,400
- Unit Type Total Rent: $57,600
- Unit Type Pro Forma: 2600
- Unit Type Type: 1
- Unit Type Units Total: 4
- 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: $1,756
- Unit Type Total Rent: $80,521
- Unit Type Pro Forma: 2000
- Unit Type Type: 2
- Rent Controlled: No
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 7
- Number Of Separate Gas Meters: 7
- Number Of Separate Water Meters: 1
Property History for 5239 East Ocean Boulevard
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5239 East Ocean Boulevard
Schools near 5239 East Ocean Boulevard
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Naples 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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Listing Courtesy of Kinnery's Brokerage House, Cameron Jacques, DRE #01852032; Kinnery's Brokerage House, Corinna York-Rice, DRE #01305624
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.