40 Belmont Avenue

    Long Beach, CA 90803
    • $1,850,000
    • STATUS: Active
    • ON SITE: 55 days
    • ID#: PW19219580
    UPDATED: 59 min ago
    $1,850,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,378
      SQFT
    • $778
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1922
    County:

    School Ratings & Info

    Description

    40 Belmont Ave. is an six-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 Neighborhood 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 all cottage-style units with a mix of (4) one-bedroom/one-baths and (2) studios. All units have been lightly renovated with custom paint and vinyl plank flooring . The building is individually metered for gas & electric and offers five individual garages. 40 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 2019-11-13T09:31:08.993. 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/99082913

    40 Belmont Avenue Long Beach, CA 90803

    • Price: $1,850,000
    • Status: Active
    • Updated: 59 min ago
    • ID#: PW19219580
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    2,378
    SQFT
    $778
    $/SQFT
    1922
    Built
    Neighborhood:
    Belmont Shore (Bsd)
    County:
    Los Angeles
    Area:
    1 - Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr
    Property Description
    40 Belmont Ave. is an six-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 Neighborhood 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 all cottage-style units with a mix of (4) one-bedroom/one-baths and (2) studios. All units have been lightly renovated with custom paint and vinyl plank flooring . The building is individually metered for gas & electric and offers five individual garages. 40 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 5.00 Lot Features 6-10 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features Garage Parking Total 5.00 Parking YN Yes 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 None

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features SidewalksUrban Country Us Electric Expense 436.20 Elevation Units Feet Fuel Expense 436.20 Gardener Expense 1200.00 Gross Income 101115.00 Gross Scheduled Income 106437.00 Insurance Expense 1830.00 Land Lease YN No Laundry YN No Licenses Expense 500.00 Maintenance Expense 2250.00 Net Operating Income 63830.00 New Construction YN No New Taxes Expense 23154.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Operating Expense 37285.00 Other Expense 1050.00 Other Expense Description Reserves Pest Control Expense 500.00 Professional Management Expense 5056.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Belmont Shore (Bsd) Total Expenses 37285.00 Trash Expense 436.20 Water Sewer Expense 436.20 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 2019-11-13T09:31:08.993. 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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