63
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$1,790,000
Est. payment /mo
9 Beds
9 Baths
5,791 Sqft Lot
New
1052 Belmont Long Beach, CA 90804
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Eastside (Es)
MLS Listing ID PW26073641
Bedrooms 9
Lot Size 5,791 Sqft
Lot Dimensions 45'x131'
Property Sub-Type Res Income 2-4 Units
Property Description
1052 Belmont Avenue is a high-quality, townhouse-style triplex built in 1989 by the original owner-builder. Offered for sale for the first time, this well-maintained 3-unit property includes three 3-bedroom, 3-bath residences and stands out as one of the most unique and versatile investment opportunities in Long Beach. The property totals approximately 6,000 square feet of living space and features pride of ownership throughout. The largest unit that is approx. 2400 SF has been rehabbed and will be delivered vacant at close of escrow, offering the opportunity for immediate owner occupancy or lease-up at market rents. The remaining two units are occupied by long-term tenants and provide stable cash flow with clear upside due to below-market rents. Each unit includes an attached two-car garage, interior laundry, fireplace, dining area, balcony, and generous closet space. In addition to the six garage spaces, the property offers four on-site parking spaces. All units are separately metered, and tenants are responsible for their own utilities, making this a low-maintenance asset ideal for both seasoned and first-time investors. A 16.7% immediate scheduled income increase between the vacant renovated unit and the other two units supports a projected 5.55% CAP rate and 12.64 GRM. With strong curb appeal, solid infrastructure, flexible use as an investment or owner-occupied residence, and the possibility of condo conversion, 1052 Belmont Avenue presents a rare opportunity to acquire a stabilized asset with both immediate and long-term upside in one of Long Beachs most supply-const
Location
State CA
County Los Angeles
Zoning Assessor
Direction West of Ximeno Ave., North of 10 street
Interior
Fireplace No
Exterior
Utilities Available Sewer Connected
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 7254007009
Acceptable Financing Exchange
Listing Terms Exchange
Listed by Moe Shahbani, DRE#01068932 Coldwell Banker Realty
NEARBY SCHOOL & BUSINESS
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