1054 Belmont Avenue

    Long Beach, CA 90804
    • $2,550,000
    • STATUS: Active
    • ON SITE: 510 days
    • ID#: OC18123443
    UPDATED: 195 min ago
    $2,550,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,844
      SQFT
    • $436
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1988
    County:

    School Ratings & Info

    Description

    1054 Belmont Avenue is an 8-unit multifamily investment property located in Long Beach, one of the premiere housing markets in Southern California. Situated on a 0.14-acre lot, the 5,844 square foot property consists of two-bedroom floor plans averaging 730 square feet. Built in 1988, the property offers amenities including gated pedestrian and vehicle access, gated covered parking, private balconies, and on-site laundry. 1054 Belmont Avenue is located under 2 miles from California State University, Long Beach, the third largest campus in the 23-member California State University system. The university enrolls over 37,000 students annually and is a major local economic driver, generating a $1 billion impact on the regional and statewide economy each year. 1054 Belmont Avenue is located approximately half a mile east of the Belmont Shopping Center, a 112,302 SF retail center anchored by Food 4 Less and Rite Aid. The property is also located under a mile from major retail centers at the Long Beach Traffic Circle.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-17T00:35:15.083. 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 Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/83931392

    1054 Belmont Avenue Long Beach, CA 90804

    • Price: $2,550,000
    • Status: Active
    • Updated: 195 min ago
    • ID#: OC18123443
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    5,844
    SQFT
    $436
    $/SQFT
    1988
    Built
    Neighborhood:
    Eastside (Es)
    County:
    Los Angeles
    Area:
    3 - Eastside, Circle Area
    Property Description
    1054 Belmont Avenue is an 8-unit multifamily investment property located in Long Beach, one of the premiere housing markets in Southern California. Situated on a 0.14-acre lot, the 5,844 square foot property consists of two-bedroom floor plans averaging 730 square feet. Built in 1988, the property offers amenities including gated pedestrian and vehicle access, gated covered parking, private balconies, and on-site laundry. 1054 Belmont Avenue is located under 2 miles from California State University, Long Beach, the third largest campus in the 23-member California State University system. The university enrolls over 37,000 students annually and is a major local economic driver, generating a $1 billion impact on the regional and statewide economy each year. 1054 Belmont Avenue is located approximately half a mile east of the Belmont Shopping Center, a 112,302 SF retail center anchored by Food 4 Less and Rite Aid. The property is also located under a mile from major retail centers at the Long Beach Traffic Circle.
    Exterior Features

    Carport Spaces 8.00 Garage Spaces 0.00 Lot Features Landscaped Lot Size Source Assessor Lot Size Units Acres Parking Total 8.00 Pool Features None Pool Private YN No Property Attached YN No

    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 No Common Walls Laundry Features Community Levels Three Or More

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Sidewalks Country Us Electric Expense 1464.20 Elevation Units Feet Fuel Expense 1464.20 Gross Income 182084.00 Gross Operating Income 176681.00 Gross Scheduled Income 182084.00 Insurance Expense 2000.00 Land Lease YN No Laundry YN Yes Licenses Expense 800.00 Maintenance Expense 4000.00 Net Operating Income 126198.00 New Construction YN No New Taxes Expense 32027.00 Number Of Separate Electric Meters 8 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Number Of Units Leased 8 Operating Expense 50484.00 Other Expense 2800.00 Other Expense Description Other Professional Management Expense 3000.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Eastside (Es) Total Actual Rent 15007.00 Total Expenses 50484.00 Trash Expense 1464.20 Vacancy Allowance Rate 3.00 Water Sewer Expense 1464.20 Water Source Public Year Built Source Assessor Zoning Lbr3s

    Listing provided courtesy of Tyler Leeson of Marcus & Millichap Re Invest


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-17T00:35:15.083. 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 Allison James Estates and Homes. Licensed in the State of California, USA.
     
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