26 Belmont Avenue

26 Belmont Avenue, Long Beach, CA 90802

Sale Price


Investment Overview



Year Built


Price Per Unit


Current Cap Rate


Market Cap Rate


Current GRM


Market GRM


The Offering

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.

Investment Highlights

  • 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

Virtual Tour