927 Belmont Avenue,Long Beach, CA 90804
Long Beach, CA 90804
Description
927 Belmont Avenue is a 7-unit multifamily property located in the desirable Eastside neighborhood of Long Beach, California. Built in 1947, 927 Belmont Avenue totals approximately 5,261 net rentable square feet and features a unit mix of 3 one-bed/one-bath units and 4 two-bed/one-bath units. The property has been well maintained by current ownership and benefits from functional property amenities including 4 single-car garages, 1 surface parking space, security/screen doors, and on-site laundry. The garages and laundry provide the property with ancillary income opportunities beyond base apartment rent, while the balanced unit mix appeals to a broad renter pool seeking well-located housing in East Long Beach. Through consistent annual rent increases, current ownership has maintained in-place rents near market levels, allowing the property to offer an attractive 5.59% cap rate on current income. Additional upside remains available through selective interior renovations as units naturally turn, giving a new owner the ability to further enhance finishes without relying on an aggressive repositioning strategy. The property’s location further supports long-term rental demand, with walkable access to Jefferson Leadership Academy, Woodrow Wilson High School, and Recreation Park. Its Eastside Long Beach setting also places residents near daily-needs retail along Anaheim Street, the Long Beach Traffic Circle, California State University, Long Beach, and Belmont Shore’s 2nd Street corridor.
Details
| MLS # | OC26146571 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1947 |
| Days On Site | 48 |
| Listing Provided By | Marcus & Millichap RE Invest | Tyler Leeson |
Features
| SQ Feet | 5,261 |
|---|---|
| Garage | 4 |
| Story(s) | 2 |
| Units | 7 |
| Building(s) | 2 |
| Acreage | 0.13 |
Exterior
| Lot Features | Street Level |
|---|
Parking
| Garage Yes / No | Yes |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Curbs, Gutters, Street Lights, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90804 |
| Area | 2 Belmont Heights | Alamitos Heights |
| Community Name | Other |
| Listing VS Median (in Other) | |
Price: $2,000,000 low | high Med: $825,000 sqft: 5,261 low | high Med: 936 $ / sqft: $380 low | high Med: $881 On site: 48 low | high Med: 67 | |
Market Activity 90804
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90804 |
| Area | 2 Belmont Heights | Alamitos Heights |
| Community Name | Other |
| Listing VS Median (in Other) | |
Price: $2,000,000 low | high Med: $825,000 sqft: 5,261 low | high Med: 936 $ / sqft: $380 low | high Med: $881 On site: 48 low | high Med: 67 | |
 | $1,425,000906 TerminoLong Beach, CA 90804 |
 | $1,995,000810 Belmont AvenueLong Beach, CA 90804 |