$ 1,790,000
-
$1,790,000
Price -
9
Bed -
9
Bath -
5,997
SqFt
NEW! Buy and sell safely with virtual options - Learn More
About the Listing PW0065 - PWZSHAHMOE
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 Beach’s most supply-constrained submarkets. The property is ideally located near the Traffic Circle, California State University of Long Beach, Wilson High School, Recreation Park Golf Course, and the shops and restaurants of 2nd Street, offering convenient access to some of the city’s most desirable amenities.
Listing Highlights
Status
Active With Contingency
Days on Site
34
Property Type
Multi-Family
MLS ®
PW26073641
Year Built
1989
Total Square Footage
5,997
Lot/Acreage
0.13
Interior Details
- Bedrooms: 9
- Bathrooms: 9 Full
- Appliances:
- Air Cond:
- Heating: Wall Furnace
- Fireplaces: Gas,Living Room
- Floor: Vinyl
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Balcony,Ceiling Fan(s),Cathedral Ceiling(s),High Ceilings,Recessed Lighting,Bar,Walk-In Closet(s)
- Water: Public
Exterior Details
- Lot Description: Front Yard,Lawn,Near Park,Street Level,No Land Lease
- Garage Capacity: 6 car
- Parking Spaces: 10
- Lot Dimensions: 45'x131'
- Roof:
- Others: Lighting,Turnkey,Stucco,2+ Total Units
- Sewer: Sewer Tap Paid
- Parking Features: Direct Access,Garage,Garage Faces Rear,Side By Side
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 7254007009
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
1052 Belmont Long Beach, CA 90804
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
