26 Belmont Avenue,Long Beach, CA 90802
Unit
Price
Price Per Unit
Price per SF
Current Cap Rate
Market Cap Rate
Current GRM
Market GRM
26 Belmont Avenue,Long Beach, CA 90802
Price
Price per SF
Price Per Unit
Price per SF
Current Cap Rate
Market Cap Rate
Unit
Current GRM
Market GRM
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.