UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Belmont Heights (Bh)
MLS Listing ID PW26093660
HOA Y/N No
Year Built 1948
Annual Tax Amount $23,265
Lot Size 5,850 Sqft
Property Sub-Type Apartment
Property Description
Belmont Avenue is a quiet, well-landscaped street developed with a mix of single-family and small apartment buildings. Belmont Height is one of the area's most sought-after coastal submarkets with a broad tenant base of young professionals, families and long-term residents. Woodrow Wilson High School is located just three blocks to the east of the Property. The 229-acre, city-owned Recreation Park is located one-quarter mile to the east. The heart of trendy Belmont Shore is one mile to the south. California State University, Long Beach is located one and one-quarter miles to the east. City Beah Bluff Park and Belmont Pier are less than one and one-half mile to the south. Long Beach Municipal Airport is located two and one-half miles to the north. Anduril Industries, a cutting-edge defense technology company specializing in artificial intelligence recently announced that it is commencing a $1 billion redevelopment of land adjacent to the Airport. The project is planned to be completed in mid-2027 and expected to create 5,500 new jobs at the site plus thousands of indirect jobs in construction and supply-chain services.
This is the first offering for sale of the Property since the current Owner acquired it in 1999. The Property is fully-occupied and rarely has vacant units. Current rental rates are well below market and the Property is subject only to State of California rent control. Most tenants occupy units on a month-to-month basis.
Location
State CA
County Los Angeles
Area 2 - Belmont Heights, Alamitos Heights
Interior
Fireplaces Type None
Fireplace No
Laundry Common Area, Laundry Room
Exterior
Parking Features Assigned
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Biking, Curbs, Dog Park, Fishing, Golf, Hiking, Lake, Park, Street Lights, Suburban, Sidewalks
Total Parking Spaces 2
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7254019020
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
Nearby Locations