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$1,790,000

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5,789 Sqft Lot

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1052 Belmont Long Beach, CA 90804

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Key Details

Property Type Single Family Home, Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Subdivision Eastside (Es)

MLS Listing ID PW26073641

Construction Status Turnkey

HOA Y/N No

Year Built 1989

Lot Size 5,789 Sqft

Property Sub-Type Triplex

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 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.

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Interior

Interior Features Balcony, Ceiling Fan(s), Cathedral Ceiling(s), High Ceilings, Recessed Lighting, Bar, Walk-In Closet(s)

Heating Wall Furnace

Flooring Vinyl

Fireplaces Type Gas, Living Room

Fireplace Yes

Laundry Inside

Exterior

Exterior Feature Lighting

Parking Features Direct Access, Garage, Garage Faces Rear, Side By Side

Garage Spaces 6.0

Garage Description 6.0

Fence Block

Pool None

Community Features Park

Total Parking Spaces 10

Private Pool No

Building

Lot Description Front Yard, Lawn, Near Park, Street Level

Story 2

Entry Level Two,Multi/Split

Sewer Sewer Tap Paid

Water Public

Architectural Style Mediterranean

Level or Stories Two, Multi/Split

New Construction No

Construction Status Turnkey

Others

Senior Community No

Tax ID 7254007009

Acceptable Financing 1031 Exchange, Submit

Listing Terms 1031 Exchange, Submit

Special Listing Condition Standard, Trust

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Moe Shahbani Coldwell Banker Realty 562-547-3324, DRE #01068932

NEARBY SCHOOL & BUSINESS

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RealEZtate Pros

+1(480) 420-9486

1052 Belmont Long Beach, CA 90804

RealEZtate Pros

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

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