Rare Coastal Triplex Investment Opportunity in Bluff Park | $17,500 Monthly Income | 5% CAP Rate
Welcome to 51 Kennebec Avenue, Long Beach, CA 90803 — a rare opportunity to own a luxury, newly constructed triplex in the highly coveted Bluff Park Historic District near Belmont Heights and Alamitos Beach. Just one block from the ocean and moments from the beach, this premium coastal asset features three Mediterranean-style townhome units, all completed in 2024 and currently tenant-occupied, generating a total of $17,500/month ($210,000/year) in rental income with a 5% CAP rate. Situated on an expansive 8,501 SF lot, each unit boasts high-end finishes, private rooftop decks, and spacious modern layouts.
Property Features:
-3 Fully Rented Townhome-Style Units
-All Units Built in 2024 | Mediterranean Architecture
-Total: 9 Bedrooms | 9.5 Bathrooms
-All Units Include Private Rooftop Decks
-Unit 2230 Also Includes Private Side Yard
-One Block from the ocean and Bluff Park
-Walking Distance to Beach, Dining, and Shops
Unit Breakdown:
• 51 Kennebec Ave – 3 Bed | 3.5 Bath | Rooftop Deck | Ocean Views
• 2234 E 1st St – 3 Bed | 2.5 Bath | Rooftop Deck
• 2230 E 1st St – 3 Bed | 3.5 Bath | Rooftop Deck + Private Side Yard
Whether you’re looking to expand your portfolio with a turnkey luxury coastal property or secure a long-term investment in one of Long Beach’s most desirable neighborhoods, this is a one-of-a-kind opportunity you don’t want to miss.
Sold for $3,100,000
Listed by: West Shores Realty, Inc. • Hannah Steed • Contact: 310-541-8000
Bought with: Bullock Russell RE Services
$3,100,000
51 Kennebec Ave, Long Beach, CA 90803
9beds
11baths
4,688sqft
Triplex
Built in 2024
-- sqft lot
$2,529,800 Zestimate®
$661/sqft
$3,418 Estimated rent
Home value
$2,529,800
$2.15M - $2.96M
$3,418/mo
Zestimate® history
Owner options
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$3,418/mo
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$3,418/mo
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$19,670/mo
Est. payment
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$19,670/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Hannah Steed DRE #02212070 808-651-9675,
West Shores Realty, Inc.
Bought with:
Anthony Zueck, DRE #02151589
Bullock Russell RE Services
Source: CRMLS,MLS#: PV25116539
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 11
Rooms
- Room types: Bedroom, Kitchen, Living Room, Primary Bathroom, Primary Bedroom, Other
Primary bedroom
- Features: Primary Suite
Bedroom
- Features: All Bedrooms Up
Other
- Features: Walk-In Closet(s)
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Built-In Range, Dishwasher, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator, Range Hood, Vented Exhaust Fan, Dryer, Washer
- Laundry: Washer Hookup, Electric Dryer Hookup
Features
- Balcony, Quartz Counters, Recessed Lighting, Unfurnished, All Bedrooms Up, Primary Suite, Walk-In Closet(s)
- Flooring: Vinyl
- Has fireplace: Yes
- Common walls with other units/homes: 2+ Common Walls,End Unit,No One Above,No One Below
Interior area
- Total structure area: 4,688
- Total interior livable area: 4,688 sqft
Property
Parking
- Total spaces: 6
- Parking features: Direct Access, Garage
- Garage spaces: 3
Features
- Levels: Two
- Stories: 2
- Entry location: Kennebec & First
- Exterior features: Lighting, Fire Pit
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: Neighborhood, Peek-A-Boo
Lot
- Size: 8,504 Square Feet
- Features: 2-5 Units/Acre, Corner Lot, Drip Irrigation/Bubblers, Landscaped, Paved
Details
- Parcel number: 7264021086
- Zoning: LBR3S
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Mediterranean
- Property subtype: Triplex
- Attached to another structure: Yes
Condition
- Turnkey
- New construction: No
- Year built: 2024
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Curbs, Street Lights, Sidewalks
- Security: Security System, Carbon Monoxide Detector(s), Security Gate, Security Lights
- Subdivision: Bluff Park (Blf)
Location
- Region: Long Beach
Financial & listing details
- Price per square foot: $661/sqft
- Tax assessed value: $1,618,342
- Annual tax amount: $20,711
- Date on market: 6/26/2025
- Cumulative days on market: 54 days
- Listing terms: Cash,Conventional,1031 Exchange
- Total actual rent: 17500
- Tenant pays: All Utilities
Price history
| Date | Event | Price |
|---|---|---|
| 12/4/2025 | Listing removed | $6,000$1/sqft |
Source: CRMLS #PV25252037 Report a problem | ||
| 11/2/2025 | Listed for rent | $6,000$1/sqft |
Source: CRMLS #PV25252037 Report a problem | ||
| 10/20/2025 | Sold | $3,100,000-13.9%$661/sqft |
Source:  CRMLS #PV25116539 Report a problem | ||
| 8/19/2025 | Pending sale | $3,600,000$768/sqft |
Source: CRMLS #PV25116539 Report a problem | ||
| 6/26/2025 | Listed for sale | $3,600,000+136.1%$768/sqft |
Source: CRMLS #PV25116539 Report a problem | ||
| 8/24/2024 | Listing removed | $6,000$1/sqft |
Source: CRMLS #PV24149358 Report a problem | ||
| 7/20/2024 | Listed for rent | $6,000$1/sqft |
Source: CRMLS #PV24149358 Report a problem | ||
| 5/18/2022 | Sold | $1,525,000-10.3%$325/sqft |
Source: Public Record Report a problem | ||
| 5/12/2022 | Pending sale | $1,700,000$363/sqft |
Source: CRMLS #OC22068276 Report a problem | ||
| 4/29/2022 | Contingent | $1,700,000$363/sqft |
Source: CRMLS #OC22068276 Report a problem | ||
| 4/5/2022 | Listed for sale | $1,700,000+13.4%$363/sqft |
Source: CRMLS #OC22068276 Report a problem | ||
| 9/28/2021 | Listing removed | -- |
Source:  SDMLS #OC20254390 Report a problem | ||
| 5/14/2021 | Listed for sale | $1,498,888$320/sqft |
Source: SDMLS #OC20254390 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $20,711 +4.9% | $1,618,342 +2% |
| 2024 | $19,750 +1.7% | $1,586,610 +2% |
| 2023 | $19,427 +166.7% | $1,555,500 +156.5% |
| 2022 | $7,283 +1.8% | $606,388 +2% |
| 2021 | $7,153 | $594,499 |
Find assessor info on the county website
Neighborhood: Bluff Park
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Nearby schools
GreatSchools rating
- 7/10Burbank Elementary SchoolGrades: K-5Distance: 0.6 mi
- 7/10Jefferson Leadership Academies SchoolGrades: 6-8Distance: 1.2 mi
- 6/10Wilson High SchoolGrades: 9-12Distance: 1.6 mi
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Estimated market value
$2,529,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$2,529,800
- California
- Los Angeles County
- Long Beach
- 90803
- Bluff Park
- 51 Kennebec Ave
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