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The subject is a seven-unit apartment complex with a prime location in the very desirable Belmont Heights neighborhood of Long Beach. The Property includes two, two-story woodframe and stucco apartment buildings built in 1948 and renovated on multiple occasions. The buildings total 5,554 square feet in size and are situated on a level, rectangular 5,852 square foot parcel fronting on Belmont Avenue. The front building has four two bedroom/one bath units. The rear building has one studio, one, one bedroom/one bath unit and one three bedroom/two bath unit. There is a landscaped yard at the front of the Property and a shared, landscaped yard between the two buildings as well as a two-car garage served by a rear alley. There are a washer and dryer in the rear building, coin-operated and owned by a service provider. Belmont Avenue is a quiet, well-landscaped street developed with a mix of single-family and small apartment buildings. Belmont Height is one of the area's most sought-after coastal submarkets with a broad tenant base of young professionals, families and long-term residents. Woodrow Wilson High School is located just three blocks to the east of the Property. The 229-acre, city-owned Recreation Park is located one-quarter mile to the east. The heart of trendy Belmont Shore is one mile to the south. California State University, Long Beach is located one and one-quarter miles to the east. City Beah Bluff Park and Belmont Pier are less than one and one-half mile to the south. Long Beach Municipal Airport is located two and one-half miles to the north. Anduril Industries, a cutting-edge defense technology company specializing in artificial intelligence recently announced that it is commencing a $1 billion redevelopment of land adjacent to the Airport. The project is planned to be completed in mid-2027 and expected to create 5,500 new jobs at the site plus thousands of indirect jobs in construction and supply-chain services. This is the first offering for sale of the Property since the current Owner acquired it in 1999. The Property is fully-occupied and rarely has vacant units. Current rental rates are well below market and the Property is subject only to State of California rent control. Most tenants occupy units on a month-to-month basis.
Property Type(s):
Residential Income
| Last Updated | 4/30/2026 | Tract | Belmont Heights (BH) |
|---|---|---|---|
| Year Built | 1948 | Community | 2 - Belmont Heights, Alamitos Heights |
| Garage Spaces | 2.0 | County | Los Angeles |
Additional Details
| AREA | 2 - Belmont Heights, Alamitos Heights |
|---|---|
| GARAGE | Yes |
| LOT | 5850 sq ft |
| LOT DIMENSIONS | 5852 |
| PARKING | Assigned |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | Belmont Heights (BH) |
| TAXES | 23265 |
| WATER | Public |
| WATERFRONT DESCRIPTION | Lake |
Location
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Listed with Carl Reinhart, Broker
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