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Discover the exceptional potential of 807 Belmont Ave, a premier multi-family property nestled in the coveted Belmont Heights district of Long Beach. This charming two-story Spanish-style building offers a total of 9 units, with incredible opportunities for expansion and increased revenue. The property comes with “Ready to Issue” (RTI) plans for two ADU units and the conversion of ?ve enclosed garages into additional 1- and 2-bedroom units, allowing you to maximize the income potential from day one. Situated on a spacious 7,790 SF corner lot, this property features 7,597 SF of rentable space, providing ample room for tenants to enjoy. The serene fenced courtyard, complemented by minimal water vegetation and ample shade, offers a tranquil retreat for residents, perfect for soaking in the refreshing ocean breeze. The well-maintained units boast a blend of original charm and modern upgrades, including resurfaced hardwood ?oors, fresh two-tone paint, ceiling fans, and new bathrooms. While some units retain their original kitchens and bathrooms, they present an excellent opportunity for further value enhancement, enabling you to achieve market rents through strategic renovations. A standout feature of this property is the ?ve enclosed garages, offering secure and convenient parking—a highly sought-after amenity in this area. The current owner has already submitted plans to convert these garages into two additional ADU units, with approved designs for a 2-bedroom/1-bath and a 1-bedroom/1-bath, ready for construction upon closing. Recent improvements, including a new composite shingle roof, fresh paint, and new ?ooring in select units, demonstrate the meticulous care invested in maintaining this property in pristine condition. The potential to convert the non-conforming manager’s unit further adds to the versatility and value of this exceptional investment. Seize this rare opportunity to acquire a highly desirable property with signi?cant upside potential in one of Long Beach’s most sought-after neighborhoods. 807 Belmont Ave is not just a property; it's a gateway to elevated returns and a thriving community.
Property Type(s):
Residential Income
| Last Updated | 10/4/2024 | Tract | Belmont Heights (BH) |
|---|---|---|---|
| Year Built | 1948 | Community | Belmont Heights, Alamitos Heights |
| Garage Spaces | 5.0 | County | Los Angeles |
Additional Details
| AREA | Belmont Heights, Alamitos Heights |
|---|---|
| EXTERIOR | Rain Gutters |
| GARAGE | Yes |
| HEAT | Wall Furnace |
| LOT | 7790 sq ft |
| LOT DESCRIPTION | 6-10 Units/Acre, Landscaped, Walkstreet |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | Belmont Heights (BH) |
| WATER | Public |
| ZONING | LBR3S |
Location
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Listed with Justin White
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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