26 Belmont Avenue
26 Belmont Avenue, Long Beach, CA 90802
Price Per Unit
Current Cap Rate
Market Cap Rate
26 Belmont Avenue is an 8-unit investment asset in Belmont Shore, one of the most desirable neighborhoods in Southern California, providing the best in beachside living.
Belmont Shore is ranked the #1 Best Neighborhood for Young Professionals by Niche.com, and this property is located just half a block from the beach, bike path, restaurants and bars.
The building is comprised of (8) 1 BD / 1 BA units, onsite laundry facilities, and four parking spaces in an area where parking is a premium. A new master water heater was installed in 2020, and all units feature new permitted vinyl, dual-glazed, low-energy windows.
Offered at 5.05% cap rate and 13.08 GRM with rents at market, this property offers a buyer an excellent value add opportunity in an “A+” location.
- High Demand Belmont Shore Rental Neighborhood
- Half a Block to the Beach, Bike Path, Restaurants and Bars
- New Master Water Heater in 2020
- New Vinyl, Dual Glazed, Low Energy Windows in All Units (Permitted)
- 4 Parking Spaces (A Premium in the Area)
- Value Add Opportunity in “A” Location
- Potential to Close with Vacant Units