Property listed by Marcus & Millichap, Roderick 'Rick' Raymundo 818-212-2700
$4,965,000
Occupying a corner lot on the sand, the property currently operates as a duplex containing a three-bedroom plus loft lower unit and a two-bedroom plus den upper unit, though a new owner may elect to combine the units to create one large single-family mansion. With Long Beach hosting several events… Read More in the 2028 Summer Olympics, in addition to the upcoming 2026 World Cup and 2027 Super Bowl in the area, demand for luxury short-term rentals may provide a dramatic increase in income for a new investor. The building was masterfully upgraded from 2021 to 2024, with nearly all major systems updated and replaced, including a brand new roof, newly replastered exterior, a largely new electrical system, a new beachfront balcony, new windows, several new plumbing lines, and a new pneumatic elevator. Even more impressively, the property's interior has been carefully reimagined with designer upgrades that add impressive flourishes to its international motif. Artemide lighting, a SMEG gas range, and custom-made hoods were all imported from Italy to adorn the living spaces that feature snow-white marble fireplace surrounds, a Toto electric water closet, a built-in Thermador refrigerator, and a floor-to- ceiling wine cooler. Built-in microwave drawers were designed into the kitchen cabinetry, with the lower unit housing a 22-foot kitchen countertop and the upper unit featuring a 15-foot kitchen island and vegetable sink. The exterior entertaining space includes an 18 by 13 foot outdoor porcelain kitchen with granite countertops that overlooks the ocean, along with a new outdoor shower featuring an original custom painted surfboard. An exquisite entry lobby leads residents to either of the two units and also provides access to the new see-through elevator, featuring a two-story glass wall with more ocean views. The property also includes a built-out two-car garage, offering rare parking for residents in this beach enclave. PLEASE CALL, TEXT, OR EMAIL LISTING AGENTS TO REQUEST A FULL MARKETING PACKAGE FEATURING MORE INFORMATION AND PHOTOGRAPHS. Read Less
Based on information from California Regional Multiple Listing Service, Inc. as of 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. Properties may or may not be listed by the office/agent presenting the information.
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