Belmont Heights, Alamitos Heights (2) Homes with Apartment Subtype

Belmont Heights, Alamitos Heights (2) Homes with Apartment Subtype

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Newest Belmont Heights, Alamitos Heights (2) Homes with Apartment Subtype

$2,400,000
PW26094148 MLS Active Status
The subject is a twelve-unit apartment complex with a prime location in the very desirable Belmont Heights neighborhood of Long Beach, California. The property includes three, two-story woodframe and stucco apartment buildings built in 1923 and renovated on multiple occasions. The buildings total 7,562 sf in size and are situated on a level, rectangular 6,189 sf parcel located on he southwest corner of East Broadway and Loma Avenue. This offering includes units at 3522-3536 East Broadway and 223 Loma Avenue. The property has a great unit mix consisting of five studio and seven one bedroom/one bath apartment units ranging to approximately 700 sf. Some units have balconies. East Broadway is a busy traffic corridor through the city and is developed with a mix of retail and office buildings as well as single-family homes and small apartment buildings. Belmont Heights is one of the area's most sought-after coastal submarkets with a broad tenant base of young professionals, families and long-term residents. Woodrow Wilson High School is located less than one mile northeast of the subject. The 229-acre, city-owned Recreation Park is located one mile to the northeast and features include a community center, two golf courses, a tennis center, fishing pond and a baseball stadium. The heart of trendy Belmont Shore is less than three-quarters of a mile to the east. California State University, Long Beach is located less than two miles to the northeast. City Beach, Bluff Park and Belmont Pier are a quarter-mile to the south. Long Beach Municipal Airport is located three miles to the north and has non-stop flights to twenty-one cities nationwide as well as one-stop flights to 400 cities worldwide. Anduril Industries, a cutting-edge defense technology company specializing n artificial intelligence applications has recently announced that it is commencing a $1 billion redevelopment of land adjacent to the Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs. This is the first offering for sale of the Property since the current Owner acquired it in 2002. The Property is fully-occupied and rarely has vacant units. Current rental rates are below market, and the Property is subject only to State of California rent control. Most tenants occupy units on a month-to-month basis.

3522 E Broadway, Long Beach

$1,995,000
PW26093660 MLS Active Status
The subject is a seven-unit apartment complex with a prime location in the very desirable Belmont Heights neighborhood of Long Beach. The Property includes two, two-story woodframe and stucco apartment buildings built in 1948 and renovated on multiple occasions. The buildings total 5,554 square feet in size and are situated on a level, rectangular 5,852 square foot parcel fronting on Belmont Avenue. The front building has four two bedroom/one bath units. The rear building has one studio, one, one bedroom/one bath unit and one three bedroom/two bath unit. There is a landscaped yard at the front of the Property and a shared, landscaped yard between the two buildings as well as a two-car garage served by a rear alley. There are a washer and dryer in the rear building, coin-operated and owned by a service provider. Belmont Avenue is a quiet, well-landscaped street developed with a mix of single-family and small apartment buildings. Belmont Height is one of the area's most sought-after coastal submarkets with a broad tenant base of young professionals, families and long-term residents. Woodrow Wilson High School is located just three blocks to the east of the Property. The 229-acre, city-owned Recreation Park is located one-quarter mile to the east. The heart of trendy Belmont Shore is one mile to the south. California State University, Long Beach is located one and one-quarter miles to the east. City Beah Bluff Park and Belmont Pier are less than one and one-half mile to the south. Long Beach Municipal Airport is located two and one-half miles to the north. Anduril Industries, a cutting-edge defense technology company specializing in artificial intelligence recently announced that it is commencing a $1 billion redevelopment of land adjacent to the Airport. The project is planned to be completed in mid-2027 and expected to create 5,500 new jobs at the site plus thousands of indirect jobs in construction and supply-chain services. This is the first offering for sale of the Property since the current Owner acquired it in 1999. The Property is fully-occupied and rarely has vacant units. Current rental rates are well below market and the Property is subject only to State of California rent control. Most tenants occupy units on a month-to-month basis.

810 Belmont Avenue, Long Beach

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Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.