$5,950,000

Estimated payment $37,164/month

Total Views 2,293
14 Beds
-- Bath
9,024 Sq Ft
$659 Price per Sq Ft

Highlights

  • Ocean View
  • Laundry Room
  • Wall Furnace
  • Fremont Elementary School Rated A
  • Paved or Partially Paved Lot

About This Home

An exceptional investment opportunity in one of Long Beach's most coveted coastal neighborhoods — just two blocks from the beach. This well-maintained 13-unit apartment building offers the perfect blend of lifestyle appeal and strong income performance, with all units leased at or close to market rents. The property features one penthouse unit with two bedrooms, one bath and a deck. Additional there are twelve spacious one-bedroom, one-bath residences. Approximately 80% of units have been thoughtfully remodeled and upgraded, reflecting pride of ownership throughout. Every unit has two walk in closets and dining areas while top-floor units feature cozy fireplaces. Select front-facing units offer private balconies and sweeping ocean views, while several side units capture partial ocean vistas. Many units feature charming bay kitchen windows, flooding living spaces with natural light and coastal breezes. On-site is a dedicated laundry facility with two washers and two dryers. Offered at approx $457,000 per unit, this property carries a current cap rate of 4.33% with a pro forma cap rate of 5.17% — reflecting meaningful upside rents continue to rise in this high-demand coastal corridor.
With its unbeatable Belmont Shore location, strong rental demand, and move-in ready condition, this is a rare opportunity to acquire a turnkey coastal asset with lasting appreciation potential.

Listing Agent

Linda Neino

Engel & Völkers Burbank Brokerage Phone: 818-468-8908 License #01321196 Listed on: 06/21/2026

Engel & Völkers Burbank

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 4,075 Sq Ft Lot
  • Two or More Common Walls
  • Paved or Partially Paved Lot

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 9,024 Sq Ft Home
  • 3-Story Property
  • Ocean Views
  • Laundry Room

Bedrooms and Bathrooms

  • 14 Bedrooms
  • Unit 1 Bathroom: 0

Utilities

  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 7 / 39
  • Tax Tract Number 577200
  • Assessor Parcel Number 7256003024

Community Details

Overview

  • 13 Units
  • Belmont Shore Subdivision

Building Details

  • Rent Control
  • 13 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $12,000
  • Professional Management Expense $6,000
  • Trash Expense $2,500
  • Water Sewer Expense $6,000
  • Operating Expense $26,500
  • Gross Income $338,000
  • Net Operating Income $257,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

4,075 Sq Ft Lot

Listing Details

  • Assessments: No
  • Professional Management Expense: 6000.00
  • Property Attached: Yes
  • Subdivision Name Other: Belmont Shore (BSD)
  • View: Yes
  • Water Sewer Expenses: 6000.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7256003024
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Stories: 3
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 659.35

Exterior Features

  • View: Ocean
  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 2500.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Paved
  • Lot Size Sq Ft: 4075.00
  • Lot Size Acres: 0.0935

Multi Family

  • Gross Income: 338000.00
  • Gross Scheduled Income: 337800.00
  • Insurance Expense: 12000.00
  • Laundry Income: 200.00
  • Lot Size Area: 4075.0000 Square Feet
  • Net Operating Income: 257800.00
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 13
  • Operating Expense: 80000.00
  • Rent Control: Yes
  • Total Expenses: 26500.00

Tax Info

  • Tax Block: 39
  • Tax Lot: 7
  • Tax Tract Number: 577200

Map

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $60,313 $4,551,313 $2,844,571 $1,706,742
2024 $57,690 $4,462,073 $2,788,796 $1,673,277
2023 $56,712 $4,374,582 $2,734,114 $1,640,468
2022 $53,198 $4,288,806 $2,680,504 $1,608,302
2021 $52,143 $4,204,713 $2,627,946 $1,576,767
2020 $52,008 $4,163,080 $2,601,000 $1,562,080
2019 $51,394 $4,081,480 $2,550,000 $1,531,480
2018 $34,431 $2,691,815 $1,441,251 $1,250,564
2016 $31,669 $2,585,869 $1,385,287 $1,200,582
2015 $30,411 $2,547,028 $1,364,479 $1,182,549
2014 $30,211 $2,497,136 $1,337,751 $1,159,385
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/21/2026 06/21/26 For Sale $5,950,000 +48.8% $659 / Sq Ft
06/29/2018 06/29/18 Sold $4,000,000 -3.6% $443 / Sq Ft View Prior Sale
05/01/2018 05/01/18 Pending -- -- --
04/06/2018 04/06/18 For Sale $4,150,000 -- $460 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: GD26134832

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.