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An exceptional investment opportunity in one of Long Beach's most coveted coastal neighborhoods "” just two blocks from the beach. This well-maintained 13-unit apartment building offers the perfect blend of lifestyle appeal and strong income performance, with all units leased at or close to market rents. The property features one penthouse unit with two bedrooms, one bath and a deck. Additional there are twelve spacious one-bedroom, one-bath residences. Approximately 80% of units have been thoughtfully remodeled and upgraded, reflecting pride of ownership throughout. Every unit has two walk in closets and dining areas while top-floor units feature cozy fireplaces. Select front-facing units offer private balconies and sweeping ocean views, while several side units capture partial ocean vistas. Many units feature charming bay kitchen windows, flooding living spaces with natural light and coastal breezes. On-site is a dedicated laundry facility with two washers and two dryers. Offered at approx $457,000 per unit, this property carries a current cap rate of 4.33% with a pro forma cap rate of 5.17% "” reflecting meaningful upside rents continue to rise in this high-demand coastal corridor. With its unbeatable Belmont Shore location, strong rental demand, and move-in ready condition, this is a rare opportunity to acquire a turnkey coastal asset with lasting appreciation potential.
Property Type(s):
Residential Income
| Last Updated | 6/21/2026 | Tract | Belmont Shore (BSD) |
|---|---|---|---|
| Year Built | 1923 | Community | 1 - Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr |
| County | Los Angeles |
Additional Details
| AREA | 1 - Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr |
|---|---|
| HEAT | Wall Furnace |
| LOT | 4073 sq ft |
| LOT DESCRIPTION | Paved |
| LOT DIMENSIONS | 4075 |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 3 |
| SUBDIVISION | Belmont Shore (BSD) |
| VIEW | Yes |
| VIEW DESCRIPTION | Ocean |
| WATER | Public |
Location
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Listed with Engel & Volkers Burbank
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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