Movoto Real Estate
Sold on 06/05/2024
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5220 E Broadway, Long Beach, CA 90803

$1,885,000

Last sold 06/05/2024 after 63 Days

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    bed

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    bath

Multi-family not for sale

About 5220 E Broadway

Property type Multi-family
Neighborhood
Year built 1943
HOA fee $0/month
Lot size 9,143 Sqft
Parking 4 garage spaces
Rental estimate
Property 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 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.
Listed by
Listing Agent - Kim Kelly
Listing Agent Contact: 562-972-7765
Listing Office - Compass
Source: CRMLS mls logo
MLS#PW24057750 • last updated 2 years ago
Movoto checked CRMLS for data 4 minutes ago
Overview
Levels/Style Two, Traditional
Type Residential Income
SubType Quadruplex
Status Closed
Lot Size (Acres) 0.2099
Lot Size (SqFt) 9143
Year Built 1943
Interior
Other Room(s) Primary Bedroom
Appliances Gas Oven, Gas Cooktop, Water Heater
Exterior
Foundation Raised
Building Area Square Feet, 2876
Roof Shingle
Parking Garage, Garage Faces Rear, On Site
# Parking Spaces 4
# Garage Spaces 4
Lot Description Corner Lot, Front Yard, Lawn, Irregular Lot
Amenities / Utilities
Fireplaces Living Room
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
View Neighborhood
County Los Angeles
Community Features Dog Park, Sidewalks
Subdivision Belmont Park (BP), Belmont Park (BP)
Zoning LBR1S
Directions Corner Of Corona Ave / Broadway
APN 7249012004
Multifamily Details
Vacancy Allowance 972
Expense: Trash 50
Operating Expense 4700
Expense: Insurance 175
Total Expenses 586
Expense: Water/ Sewer 50
Gross Income 32400
Expense: Electric 51
Gross Scheduled Income 32400
Expense: Fuel 50
Expense: Gardener 190
Lot/ Land Details
Road Frontage City Street
Road Surface Gravel
We are not permitted to show value estimates for this property.
  • Jun 2024
    mls logo MLS # PW24057750
  • Jun 5, 2024 Sold
    $1,885,000
  • May 21, 2024 Pending
    —
  • May 1, 2024 Active
    —
  • Apr 3, 2024 Listed
    $1,997,000 (-11.2%)
  • Jun 2024
    Public Records
  • Jun 5, 2024 Sold
    $1,885,000 (-5.6%)
  • Sep 2023
    mls logo MLS # PW23208922
  • Sep 1, 2023 Listed
    $2,250,000
  • Year Property taxes Tax assessment
  • 2024
    $24,790 +149.4%
    $739,151
  • 2023
    $9,940 +6.3%
    $739,151 +4.04%
  • 2022
    $9,346 +2.1%
    $710,451 +2.0%
  • 2021
    $9,151 +0.3%
    $696,522 +1.04%
  • 2020
    $9,127 +268.9%
    $689,381 +354.07%
  • 2018
    $2,474 +1.1%
    $151,821 +4.04%
  • 2017
    $2,448 +7.7%
    $145,927 +2.0%
  • 2016
    $2,274 +3.5%
    $143,067
  • 2015
    $2,198
    —
  • 5220 E Broadway
    $1.88M
  • Belmont Park
    $1.58M +230% y/y
  • 90803
    $1.17M -1% y/y
  • Long Beach
    $699K 0% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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