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The subject is a twelve-unit apartment complex with a prime location in the very desirable Belmont Heights neighborhood of Long Beach, California. The property includes three, two-story woodframe and stucco apartment buildings built in 1923 and renovated on multiple occasions. The buildings total 7,562 sf in size and are situated on a level, rectangular 6,189 sf parcel located on he southwest corner of East Broadway and Loma Avenue. This offering includes units at 3522-3536 East Broadway and 223 Loma Avenue. The property has a great unit mix consisting of five studio and seven one bedroom/one bath apartment units ranging to approximately 700 sf. Some units have balconies. East Broadway is a busy traffic corridor through the city and is developed with a mix of retail and office buildings as well as single-family homes and small apartment buildings. Belmont Heights 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 less than one mile northeast of the subject. The 229-acre, city-owned Recreation Park is located one mile to the northeast and features include a community center, two golf courses, a tennis center, fishing pond and a baseball stadium. The heart of trendy Belmont Shore is less than three-quarters of a mile to the east. California State University, Long Beach is located less than two miles to the northeast. City Beach, Bluff Park and Belmont Pier are a quarter-mile to the south. Long Beach Municipal Airport is located three miles to the north and has non-stop flights to twenty-one cities nationwide as well as one-stop flights to 400 cities worldwide. Anduril Industries, a cutting-edge defense technology company specializing n artificial intelligence applications has 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 is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs. This is the first offering for sale of the Property since the current Owner acquired it in 2002. The Property is fully-occupied and rarely has vacant units. Current rental rates are 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 | Long Beach Park Tract |
|---|---|---|---|
| Year Built | 1923 | Community | 2 - Belmont Heights, Alamitos Heights |
| County | Los Angeles |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Disposal, Electric Oven, Electric Range |
| AREA | 2 - Belmont Heights, Alamitos Heights |
| CONSTRUCTION | Frame, Stucco |
| EXTERIOR | Awning(s), Balcony |
| HEAT | Natural Gas, Wall Furnace |
| LOT | 6190 sq ft |
| LOT DESCRIPTION | Corner Lot, Near Public Transit, Rectangular Lot |
| LOT DIMENSIONS | 6189 |
| PARKING | None |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Spanish |
| SUBDIVISION | Long Beach Park Tract |
| TAXES | 29953 |
| UTILITIES | Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | City Lights, Neighborhood |
| WATER | Public |
| WATERFRONT DESCRIPTION | Lake |
Location
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Listed with Carl Reinhart, Broker
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