Description
100% gut-renovated 9-unit building in belmont shore cash flowing at an amazing current cap rate of 5.25% and 13.6 grm. all units have been completely remodeled from the studs with permits and boast a high-end aesthetic with new modern cabinets, flooring, recessed lighting, new bathrooms, new mini split ac systems, stainless steel appliances, washer/dryer inside, as well as major exterior capital improvements. the unit mix provides unparalleled versatility, including 2 spacious (2bed/1bath) units ideal for families, as well as 5 modern (1bed/1bath) units, and 2 (studio/1bath) units perfect for individuals seeking comfort and style. each unit is individually metered for gas and electricity, ensuring convenience and efficiency (4 vacant). on top of that, the major systems have been updated including electrical, plumbing, hvac, etc. the property is located in the heart of belmont shore within walking distance of the pacific ocean and the beach. located just steps away from all the neighborhood attractions, restaurants, bars, and shops on 2nd st such as sait & second, nick's on 2nd, the win~dow, simmzy's, roe seafood, breakfast republic, sweet jill's bakery, galata ice cream, and many more popping up all around the area.
Property Type
Residential IncomeCounty
Los AngelesStyle
TraditionalAD ID
47638706
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Property Details
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Interior Features
Bedroom Information
- Total Bedrooms : 9
Bathroom Information
- Total Baths: 9
- Full Baths: 0
- Half Baths: 0
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Exterior Features
Building Information
- Year Built: 1954
- Building Area Total: 4,272
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Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.0725
- Lot Size Source: Vendor Enhanced
- Lot Size Square Feet: 3160
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Listing Information
Listing Price Information
- Original List Price: 4,100,000
- Listing Contract Date: 2024-11-13
Lease Information
- Listing Agreement: Seller Reserved
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Taxes / Assessments
Tax Information
- Parcel Number: 7256027012
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: None
Homeowners Association
Rental Info
- Lease Term: Negotiable
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School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: 1 - Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr
- Directions: The property is situated between 1st St. and Division St.
- Zoning: LBR4R
- Source Property Type: Residential Income
- Area: 1 - Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr
Building and Construction
- Property Age: 70
- Year Built Source: Owner
- Total Square Feet Living: 4272
- Levels or Stories: Two
- Building Total Stories: 2
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BuyOwner last updated this listing 12/18/2024 @ 06:07
- MLS: 24463345
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 9 bedrooms which is for sale, it has 4,272 sqft, 3,160 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Long Beach , in zip code 90803, this Los Angeles County Home , it is in the Naples (NA) Subdivision, are nearby neighborhoods.