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Unlock the potential of this Spanish-style duplex, ideally situated in the highly desirable Belmont Heights Historic Neighborhood. This investment property combines timeless architectural appeal with immediate income-generating potential, making it a standout addition to any portfolio. Both units are currently tenant-occupied with rents at or near market value, providing steady income from day one. The property has been freshly painted, ensuring low maintenance costs and strong tenant retention. A newly constructed deck enhances the property's appeal, offering additional outdoor living space. Adding to the property's allure is its expansive lot, complete with mature orange trees that not only enhance the landscape but also offer an extra selling point for future tenants. The sizable lot presents a unique opportunity for further development, including the addition of ADUs (Accessory Dwelling Units), allowing you to maximize rental income and significantly increase property value (buyer to verify with City of Long Beach). Looking ahead, the upcoming 2028 Olympic Games in Long Beach presents a unique advantage for investors. With Long Beach set to host several Olympic events, the area is expected to see a surge in demand for short-term and long-term rentals, driving potential increases in rental income and property value. This duplex offers the perfect opportunity to capitalize on the increased attention and influx of visitors to the area, making it an even more attractive investment.This property is not just a piece of real estate; it’s a strategic investment in one of Long Beach's most storied neighborhoods. Whether you’re looking to expand your portfolio or capitalize on the growing demand for quality rental properties, this duplex offers both immediate returns and long-term appreciation potential.Seize this rare opportunity to invest in Belmont Heights—where historic charm meets modern profitability!
Property Type(s):
Residential Income
| Last Updated | 11/5/2024 | Tract | Belmont Heights (BH) |
|---|---|---|---|
| Year Built | 1924 | Community | Belmont Heights, Alamitos Heights |
| Garage Spaces | 2.0 | County | Los Angeles |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Dryer, Washer |
| AREA | Belmont Heights, Alamitos Heights |
| GARAGE | Garage, Uncovered, Yes |
| HEAT | Wall Furnace |
| HOA DUES | 0 |
| LOT | 6770 sq ft |
| LOT DESCRIPTION | Rectangular Lot, Zero Lot Line |
| PARKING | Garage,Uncovered |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Spanish |
| SUBDIVISION | Belmont Heights (BH) |
| WATER | Public |
Location
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Listed with Seven Gables Real Estate
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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