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Backup Offers

5220 E Broadway, Long Beach, CA, 90803

$1,997,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingGarage, On Site, Garage Faces Rear
Garage4 spaces
Year Built1943
HeatingFloor Furnace, Wall Furnace
CoolingNone
FireplaceLiving Room
ViewNeighborhood
MLS #PW24057750
Lot Size0.21 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 5220 E Broadway

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.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1943
  • Stories: 2

Listing Office:

  • Office Name: Compass
  • Office Phone: (562) 972-7765
  • Listing Agent: Kim Kelly

Interior Features

Interior Information:

  • Appliances: Gas Cooktop, Gas Oven, Water Heater
  • Flooring Type: Carpet, See Remarks
  • Fireplace: Living Room

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: Neighborhood

Parking Information:

  • Garage Space: 4 spaces
  • Parking: Garage, On Site, Garage Faces Rear

Lot Features

Lot Information:

  • Lot: Corner Lot, Front Yard, Irregular Lot, Lawn
  • Lot Size: 0.21 Acres

Utilities

Utilities Information:

  • Heating: Floor Furnace, Wall Furnace
  • Cooling: None

Other

Directions Information:

  • Directions: Corner of Corona Ave / Broadway

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,997,000

Tax Information:

  • Annual Amount: $9,151
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Long Beach, CA.

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Long Beach, CA

City

Med. Sold Price

$790.3K

Med. Price/SqFt

$616

Avg. Days On Market

27

# of Sold Homes

179

5220 E Broadway vs Long Beach

23 DAYS ON ROCKET

-4 Days

$1,997,000

+$1.2M More

KEY TAKEAWAY

This property is $1.2M more than the Median Sold Price in Long Beach, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #PW24057750

Listing Office:

  • Office Name: Compass
  • Office Phone: (562) 972-7765
  • Listing Agent: Kim Kelly

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2024, 8:20:40 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$9,151$696,522
2020$2,681$689,381
2019$2,474$151,821
2018$2,448$148,845
2017$2,448$145,927

History based on county public records data.

Payment Calculator

$10K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,054

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4953605
7
/10

  • Lowell Elementary School

  • 5201 E Broadway

  • 0.06 miles

  • Public District Grades KG-5

school-card-donut-4953606
9
/10

  • Naples Elementary School

  • 5537 E The Toledo

  • 0.66 miles

  • Public District Grades KG-5

school-card-donut-4953607
8
/10

  • Fremont Elementary School

  • 4000 E 4th St

  • 0.87 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $80,541. The most common annual income of people living in Long Beach, CA is between $35k-100k. The majority of families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Long Beach›90803›5220 E Broadway

This home is located at 5220 E Broadway in Long Beach, CA and zip code 90803 in the The Harbor neighborhood. This home, which was built in 1943, sits on a 0.21 acre lot. It has been listed on Rocket Homes since April 09, 2024 and is currently priced at $1,997,000.

In April 2024 more than 96 listings in Long Beach, CA were sold above the asking price. During the same period more than 36 listings were sold at asking price, while more than 47 were sold below. The number of homes for sale in Long Beach, CA increased by 8% between March 2024 and April 2024. In April 2024 median list price was $790,334 and the average listing age was 27 days.

From Rocket Homes Real Estate and based on county public records data.

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