30 Belmont Avenue

    Long Beach, CA 90803
    • $2,700,000
    • STATUS: Active
    • ON SITE: 53 days
    • ID#: PW19219568
    UPDATED: 13 min ago
    $2,700,000
    • 0
      BEDS
    • 0.07
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,096
      SQFT
    • $659
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1948
    County:

    School Ratings & Info

    Description

    30 Belmont Ave. is an eight-unit investment asset located less than one block from the beach in highly sought-after Belmont Shore. Belmont Shore is one of the premiere rental markets in Long Beach, ranked as the "#1 Best Neighborhoods for Young Professionals" by Niche. Residents enjoy convenient access to the ocean and bay beaches, as well as the bike path running through Alamitos Beach to Downtown Long Beach. A multitude of restaurants, bars, coffee shops and boutiques along 2nd Street are within walking distance, just three blocks away. The property offers a mix of (1) two-bedroom/two-bath and (7) 1 bed/1bath units. The two-bedroom has been fully renovated with plank vinyl flooring, custom paint, new kitchen cabinets, quartz countertops, custom tile backsplash, stainless steel appliance package, new bathroom vanity, tiled shower enclosure and ceiling fans. The one-bedroom units have been lightly renovated with custom paint, vinyl plank flooring and ceiling fans. The building offers and on-site laundry facility, is individually metered for gas & electric and a 100 gallon water heater was installed in 2015. 30 Belmont Ave. offers a solid investment asset just steps from the beach in one of most desirable rental markets in Southern California.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-11T15:31:21.933. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
    www.twissrealty.com/homes/99082825

    30 Belmont Avenue Long Beach, CA 90803

    • Price: $2,700,000
    • Status: Active
    • Updated: 13 min ago
    • ID#: PW19219568
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.07
    Acres
    4,096
    SQFT
    $659
    $/SQFT
    1948
    Built
    Neighborhood:
    Belmont Shore (Bsd)
    County:
    Los Angeles
    Area:
    1 - Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr
    Property Description
    30 Belmont Ave. is an eight-unit investment asset located less than one block from the beach in highly sought-after Belmont Shore. Belmont Shore is one of the premiere rental markets in Long Beach, ranked as the "#1 Best Neighborhoods for Young Professionals" by Niche. Residents enjoy convenient access to the ocean and bay beaches, as well as the bike path running through Alamitos Beach to Downtown Long Beach. A multitude of restaurants, bars, coffee shops and boutiques along 2nd Street are within walking distance, just three blocks away. The property offers a mix of (1) two-bedroom/two-bath and (7) 1 bed/1bath units. The two-bedroom has been fully renovated with plank vinyl flooring, custom paint, new kitchen cabinets, quartz countertops, custom tile backsplash, stainless steel appliance package, new bathroom vanity, tiled shower enclosure and ceiling fans. The one-bedroom units have been lightly renovated with custom paint, vinyl plank flooring and ceiling fans. The building offers and on-site laundry facility, is individually metered for gas & electric and a 100 gallon water heater was installed in 2015. 30 Belmont Ave. offers a solid investment asset just steps from the beach in one of most desirable rental markets in Southern California.
    Exterior Features

    Garage Spaces 0.00 Lot Features 6-10 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Common Area

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features SidewalksUrban Country Us Electric Expense 993.20 Elevation Units Feet Fuel Expense 993.20 Gardener Expense 1200.00 Gross Income 142150.00 Gross Scheduled Income 149632.00 Insurance Expense 3415.00 Land Lease YN No Laundry YN Yes Licenses Expense 500.00 Maintenance Expense 3000.00 Net Operating Income 87336.00 New Construction YN No New Taxes Expense 33719.00 Number Of Separate Electric Meters 7 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 1 Operating Expense 54814.00 Other Expense 1400.00 Other Expense Description Reserves Pest Control Expense 500.00 Professional Management Expense 7108.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Belmont Shore (Bsd) Total Expenses 54814.00 Trash Expense 993.20 Water Sewer Expense 993.20 Water Source Public Year Built Source Assessor Zoning Lbr4r

    Listing provided courtesy of Robert Stepp of Keller Williams Pacific Estate and Todd Hawke of Keller Williams Pacific Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-11T15:31:21.933. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
     
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