1054 Belmont Avenue

    Long Beach, CA 90804
    • $2,925,000
    • STATUS: Active
    • ON SITE: 58 days
    • ID#: OC18123443
    UPDATED: 158 min ago
    $2,925,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,844
      SQFT
    • $501
      $/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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-22T00:29:46.233. 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.
    www.playavistaliving.com/homes/83931392

    1054 Belmont Avenue Long Beach, CA 90804

    • Price: $2,925,000
    • Status: Active
    • Updated: 158 min ago
    • ID#: OC18123443
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    5,844
    SQFT
    $501
    $/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.
    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 161600.00 Gross Operating Income 156812.00 Gross Scheduled Income 161600.00 Insurance Expense 2000.00 Land Lease YN No Laundry YN Yes Maintenance Expense 4000.00 Net Operating Income 101488.00 New Taxes Expense 36867.00 Number Of Separate Electric Meters 8 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 0 Number Of Units Leased 8 Operating Expense 55324.00 Other Expense 3600.00 Other Expense Description Other Professional Management Expense 3000.00 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Subdivision Name Other Eastside (Es) Total Actual Rent 13300.00 Total Expenses 55324.00 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 2018-07-22T00:29:46.233. 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.
     
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