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$ 8,350,000
Est. payment | /mo
3 Beds
3 Baths
$ 8,350,000
Est. payment | /mo
3 Beds
3 Baths
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25194420
Bedrooms 3
Property Sub-Type Res Income 2-4 Units
Property Description
Belmont Heights is one of Long Beachs most desirable and supply-constrained coastal submarkets. Known for its historic architecture, walkable streets, and proximity to the beach, the neighborhood continues to attract a high-quality tenant base made up of professionals, retirees, and renters-by-choice. Residents are drawn to the areas unique charm, community feel, and lifestyle amenities, including easy access to 2nd Streets dining and retail, Bluff Park, and California State University, Long Beach. With consistently strong occupancy and rent growth, Belmont Heights represents one of the most enduring and stable multifamily markets in Southern California. The Euclid Apartments present an opportunity to acquire a well-located and fundamentally strong asset in the heart of this prestigious neighborhood. The property is comprised of 24 spacious one-bedroom units averaging approximately 750 square feet, along with three two-bedroom, two-bath units averaging 1,300 square feet. All units are individually metered, all-electric, and equipped with individual water heaters, providing operational efficiency and ease of management. The community offers 26 secured parking spaces, laundry rooms on every floor, and elevator service. With a newer roof and several major systems already in place, the property provides a solid foundation for future improvements. Currently in clean and functional condition, the Euclid Apartments are primed for repositioning through targeted interior and exterior upgrades. Investors have the opportunity to enhance rental income by modernizing unit interiors, imp
Location
State CA
County Los Angeles
Zoning Assessor
Direction Redondo north to 2nd Street east to Euclid north
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 4
Level or Stories 4
Others
Tax ID 7256007026
Listed by Mike Marcu Mike Marcu, Broker
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "