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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.
Property Type(s):
Residential Income
| Last Updated | 6/26/2025 | Tract | Bluff Park (BLF) |
|---|---|---|---|
| Year Built | 2024 | Community | 2 - Belmont Heights, Alamitos Heights |
| Garage Spaces | 3.0 | County | Los Angeles |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Built-In Range, Dishwasher, Disposal, Dryer, Gas Oven, Gas Range, Microwave, Range Hood, Refrigerator, Vented Exhaust Fan, Washer |
| AREA | 2 - Belmont Heights, Alamitos Heights |
| EXTERIOR | Balcony, Fire Pit, Lighting |
| FIREPLACE | Yes |
| GARAGE | Yes |
| HEAT | Central |
| INTERIOR | Recessed Lighting, Walk-In Closet(s) |
| LOT | 8503 sq ft |
| LOT DESCRIPTION | Corner Lot, Landscaped, Paved |
| PARKING | Direct Access, Garage |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Mediterranean |
| SUBDIVISION | Bluff Park (BLF) |
| VIEW | Yes |
| VIEW DESCRIPTION | Neighborhood |
| WATER | Public |
Location
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Listed with West Shores Realty, Inc.
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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