5220 E Broadway Long Beach, CA $ 1,997,000
5220 E Broadway
$ 1,997,000
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5220 E Broadway

Long Beach, CA, 90803
$ 1,997,000
Bedrooms1 Baths1.0 Sq 2,876

Monthly Estimate*

$ 13,273

Listed by Compass
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Multi-Family Home for sale in Long Beach, CA

for $1,997,000 with 1 bedroom and 1 full bath. This 2,876 square foot home was built in 1943 on a lot size of 0.2099.

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.

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Multi-Family Pending

Price

$ 1,997,000

Bedrooms

1

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Traditional

Lot Size

0.2099

Year Built

1943

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

PW24057750

Days on Market

45

Features
General
Sewer PublicSewer
Heating FloorFurnace WallFurnace
Cooling None
Utilities ElectricityConnected
Possession CloseOfEscrow
Roof Shingle
Appliances GasCooktop GasOven WaterHeater
Zoning LBR1S
HOA 0.0
Garage Spaces 4.0
Architectural Style Traditional
Pool Features None
Year Built 1943
View Neighborhood
Stories 2
Levels Two
Property SubType Quadruplex
Gross Income 32400.0
Community Features DogPark Sidewalks
County Los Angeles
Net Operating Income 26728.0
Operating Expense 4700.0
Insurance Expense 175.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Subdivision Name Belmont Park (BP)
Garage Y/N Y
Special Listing Conditions Standard
Status Pending
Directions Corner of Corona Ave / Broadway
City Long Beach
Entry Location 1
View Y/N Y
Senior Community Y/N N
Total Units 4
MLS Area 1 - Belmont Shore/Park Naples Marina Pac Bay Hrbr
Lot Size Square Feet 9143.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 2
Street Name Broadway
Listing Terms Cash CashtoNewLoan
Property Attached Y/N Y
Land Lease Y/N N
Electric Expense 51.0
Home Warranty Y/N N
Fuel Expense 50.0
Trash Expense 50.0
Water Sewer Expense 50.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 20
Building Area Units SquareFeet
Standard Status Pending
Year Built Source PublicRecords
Tax Lot 4
Total Actual Rent 2700.0
Property Sub Type Additional Quadruplex
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Interior
Flooring Carpet SeeRemarks
Fireplace Features LivingRoom
Total Stories 2
Common Walls Item2CommonWalls
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N Y
Laundry Features CommonArea LaundryRoom
Entry Level 1
Electric On Property Y/N N
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Exterior
Fencing ChainLink
Parking Features Garage OnSite GarageFacesRear
Lot Features CornerLot FrontYard IrregularLot Lawn
Water Source Public
Total Parking 4.0
Lot Size Area 9143.0
Foundation Details Raised
Number of Buildings 2
Spa N
Building Area Total 2876.0
Lot Size Acres 0.2099
Road Surface Type Gravel
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 5
Number of Separate Electric Meters 5
Road Frontage Type CityStreet
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 5220
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* Excluded Features
List By
Compass

Broker

(949) 438-4340

Phone

Affordability Calculator

$13,273
Per Month
100%
0%
0%
Monthly Principal & Interest
$13,273
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/9/2024$1,997,000 Listed Price

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5220 E Broadway, Long Beach, CA, 90803 is a Multi-Family Home for sale at $1,997,000 with 2,876 sqft and a lot size of 0.2099. 5220 E Broadway has 1 bedrooms, 1.0 baths, and was built in 1943. The property's zip code is 90803 which is in Long Beach, CA