$ 3,925,000
807 Belmont Avenue Long Beach, CA 90804
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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$ 3,925,000
Est. payment /mo
Active
807 Belmont Avenue Long Beach, CA 90804
6,673 SqFt
UPDATED:
10/04/2024 10:52 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,673 sqft
Price per Sqft $588
MLS Listing ID CRPW24206404
HOA Y/N No
Year Built 1948
Lot Size 7,790 Sqft
Acres 0.18
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 parkin
Location
State CA
County Los Angeles
Area Listing
Zoning LBR3
Interior
Heating Wall Furnace
Flooring Wood
Fireplace No
Laundry Other
Building
Lot Description Other
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 7254018023
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Listed by Justin White • Justin White