PRICED TO SELL. 8 units on the Eastside of Long Beach in Belmont Heights - heavily remodeled in 2019 - over $400K in CAP EX spent. 11.4 GRM And 5.8% CAP against in-place rents. Excellent unit mix for the area with 1 and 2-bedroom units. 5 parking spaces in the rear (3 garages and 2 open). All units had new kitchens, baths, flooring, etc. in 2019. Well-maintained and professionally managed property. Property is subject to AB 1482 Rent Control (5% + CPI increase allowed). Exterior was updated in 2019 as well - new paint, windows, landscaping, lighting, etc. Put 30% Down. Excellent financing available for qualified Buyers - 5.25% 5-year fixed, fully amortized. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Sold for $2,400,000
Zillow last checked:
Listing updated:
Bought with:
Jonathan Swire, DRE # 01336277
The Agency
Source: CLAW,MLS#: 25497543
Price history
| Date | Event | Price |
|---|---|---|
| 5/9/2025 | Sold | $2,400,000+2.2%$469/sqft |
Source:  CLAW #25497543 Report a problem | ||
| 2/12/2025 | Listed for sale | $2,349,000-2.1%$459/sqft |
Source: CLAW #25497543 Report a problem | ||
| 9/21/2018 | Listing removed | $2,400,000$469/sqft |
Source: Keller Williams Pacific Estate #PW18064504 Report a problem | ||
| 8/23/2018 | Pending sale | $2,400,000$469/sqft |
Source: Keller Williams Pacific Estate #PW18064504 Report a problem | ||
| 3/21/2018 | Listed for sale | $2,400,000$469/sqft |
Source: Keller Williams Pacific Estate #PW18064504 Report a problem | ||
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Estimated market value
$2,359,300
