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Well maintained Mediterranean 5 plex is just blocks to the beach. Popular rental residential area. All units are 2 BR/1BA. 4 units are 1242 sqft and the unit above the detached 4 single car garages is 854 sqft. As the owners upgraded units, they preserved many original, ornate features such as tile work, arched openings to dining rooms, coved ceilings and polished hardwood floors. Common area laundry room. Unit #3127 will remain not rented. With the actual current rents + 1 vacancy, the CAP rate is 4.8%. Potential upside is high for investors with building improvement in mind. Potential pro-forma rent total is $152,400 and NOI can be $127,089. Potentially 6.4% CAP rate and 13 GX. It is a fantastic investment opportunity.
Property Type(s):
Residential Income
| Last Updated | 5/30/2026 | Tract | Bluff Park (BLF) |
|---|---|---|---|
| Year Built | 1930 | Community | 2 - Belmont Heights, Alamitos Heights |
| Garage Spaces | 4.0 | County | Los Angeles |
Additional Details
| AIR | None |
|---|---|
| AMENITIES | Sewer |
| APPLIANCES | Water Heater |
| AREA | 2 - Belmont Heights, Alamitos Heights |
| CONSTRUCTION | Stucco |
| GARAGE | Yes |
| HEAT | Natural Gas |
| INTERIOR | Laminate Counters |
| LOT | 6752 sq ft |
| LOT DESCRIPTION | Paved |
| LOT DIMENSIONS | 50x135 |
| PARKING | Driveway, Garage |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Mediterranean |
| SUBDIVISION | Bluff Park (BLF) |
| UTILITIES | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| VIEW DESCRIPTION | None |
| WATER | Public |
Location
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Listed with Remco - A. R. E. & Mgmt. Co.
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