$3,925,000
807 Belmont Avenue
Long Beach, CA, 90804
Property Description
Discover the exceptional potential of 807 Belmont Ave, a premier multi-family property nestled in the coveted Belmont Heights district of Long Beach. This charming two-story Spanish-style building offers a total of 9 units, with incredible opportunities for expansion and increased revenue. The property comes with “Ready to Issue” (RTI) plans for two ADU units and the conversion of ?ve enclosed garages into additional 1- and 2-bedroom units, allowing you to maximize the income potential from day one.
Situated on a spacious 7,790 SF corner lot, this property features 7,597 SF of rentable space, providing ample room for tenants to enjoy. The serene fenced courtyard, complemented by minimal water vegetation and ample shade, offers a tranquil retreat for residents, perfect for soaking in the refreshing ocean breeze.
The well-maintained units boast a blend of original charm and modern upgrades, including resurfaced hardwood ?oors, fresh two-tone paint, ceiling fans, and new bathrooms. While some units retain their original kitchens and bathrooms, they present an excellent opportunity for further value enhancement, enabling you to achieve market rents through strategic renovations.
A standout feature of this property is the ?ve enclosed garages, offering secure and convenient parking—a highly sought-after amenity in this area. The current owner has already submitted plans to convert these garages into two additional ADU units, with approved designs for a 2-bedroom/1-bath and a 1-bedroom/1-bath, ready for construction upon closing.
Recent improvements, including a new composite shingle roof, fresh paint, and new ?ooring in select units, demonstrate the meticulous care invested in maintaining this property in pristine condition. The potential to convert the non-conforming manager’s unit further adds to the versatility and value of this exceptional investment.
Seize this rare opportunity to acquire a highly desirable property with signi?cant upside potential in one of Long Beach’s most sought-after neighborhoods. 807 Belmont Ave is not just a property' it''s a gateway to elevated returns and a thriving community.
Situated on a spacious 7,790 SF corner lot, this property features 7,597 SF of rentable space, providing ample room for tenants to enjoy. The serene fenced courtyard, complemented by minimal water vegetation and ample shade, offers a tranquil retreat for residents, perfect for soaking in the refreshing ocean breeze.
The well-maintained units boast a blend of original charm and modern upgrades, including resurfaced hardwood ?oors, fresh two-tone paint, ceiling fans, and new bathrooms. While some units retain their original kitchens and bathrooms, they present an excellent opportunity for further value enhancement, enabling you to achieve market rents through strategic renovations.
A standout feature of this property is the ?ve enclosed garages, offering secure and convenient parking—a highly sought-after amenity in this area. The current owner has already submitted plans to convert these garages into two additional ADU units, with approved designs for a 2-bedroom/1-bath and a 1-bedroom/1-bath, ready for construction upon closing.
Recent improvements, including a new composite shingle roof, fresh paint, and new ?ooring in select units, demonstrate the meticulous care invested in maintaining this property in pristine condition. The potential to convert the non-conforming manager’s unit further adds to the versatility and value of this exceptional investment.
Seize this rare opportunity to acquire a highly desirable property with signi?cant upside potential in one of Long Beach’s most sought-after neighborhoods. 807 Belmont Ave is not just a property' it''s a gateway to elevated returns and a thriving community.
Property Details
Price:
$3,925,000
MLS #:
PW24206404
Status:
Active
Baths:
0
Address:
807 Belmont Avenue
Type:
Residential Income
Subtype:
Apartment
Subdivision:
Belmont Heights BH
Neighborhood:
2belmontheightsalamitosheights
City:
Long Beach
Listed Date:
Oct 1, 2024
State:
CA
ZIP:
90804
Lot Size:
7,790 sqft / 0.18 acres (approx)
Year Built:
1948
Schools
Interior
Flooring
Wood
Heating
Wall Furnace
Window Features
Wood Frames
Exterior
Community Features
Curbs
Exterior Features
Rain Gutters
Fencing
Excellent Condition
Foundation Details
Brick/ Mortar
Garage Spaces
5.00
Lot Features
6-10 Units/ Acre, Landscaped, Walkstreet
Parking Spots
5.00
Pool Features
None
Roof
Composition, Shingle
Security Features
Security System
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Tenant Pays
All Utilities, Cable T V, Electricity, Gas
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Courtesy of Justin White. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Mohr Real Estate Group include the name of the listing broker. Neither the listing company nor Mohr Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved. 807 Belmont Avenue
Long Beach, CA
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