1052 Belmont, Long Beach, CA 90804
Local realty services provided by:CENTURY 21 Discovery
1052 Belmont,Long Beach, CA 90804
$1,725,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Sold
Listed by: moe shahbani
Office: coldwell banker realty562-494-4600
MLS#:PW26073641
Source:CRMLS
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Price summary
- Price:$1,725,000
About this home
1052 Belmont Avenue is a high-quality, townhouse-style triplex built in 1989 by the original owner-builder. Offered for sale for the first time, this well-maintained 3-unit property includes three 3-bedroom, 3-bath residences and stands out as one of the most unique and versatile investment opportunities in Long Beach. The property totals approximately 6,000 square feet of living space and features pride of ownership throughout. The largest unit that is approx. 2400 SF has been rehabbed and will be delivered vacant at close of escrow, offering the opportunity for immediate owner occupancy or lease-up at market rents. The remaining two units are occupied by long-term tenants and provide stable cash flow with clear upside due to below-market rents. Each unit includes an attached two-car garage, interior laundry, fireplace, dining area, balcony, and generous closet space. In addition to the six garage spaces, the property offers four on-site parking spaces. All units are separately metered, and tenants are responsible for their own utilities, making this a low-maintenance asset ideal for both seasoned and first-time investors. A 16.7% immediate scheduled income increase between the vacant renovated unit and the other two units supports a projected 5.55% CAP rate and 12.64 GRM. With strong curb appeal, solid infrastructure, flexible use as an investment or owner-occupied residence, and the possibility of condo conversion, 1052 Belmont Avenue presents a rare opportunity to acquire a stabilized asset with both immediate and long-term upside in one of Long Beach’s most supply-constrained submarkets. The property is ideally located near the Traffic Circle, California State University of Long Beach, Wilson High School, Recreation Park Golf Course, and the shops and restaurants of 2nd Street, offering convenient access to some of the city’s most desirable amenities....
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Home facts
- Year built:1989
- Listing ID #:PW26073641
- Added:58 day(s) ago
- Updated:June 13, 2026 at 02:29 AM
Rooms and interior
- Flooring:Vinyl
Heating and cooling
- Heating:Wall Furnance
Structure and exterior
- Year built:1989
- Lot Features:Front Yard, Lawn, Near Park, Street Level
- Architectural Style:Mediterranean
- Construction Materials:Stucco
- Exterior Features:Lighting
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Sewer Tap Paid
Finances and disclosures
- Price:$1,725,000
Features and amenities
- Laundry features:Inside
- Amenities:Balcony, Bar, Cathedral Ceilings, Ceiling Fans, High Ceilings, Koi Pond, Recessed Lighting, Skylights, Walk In Closets
Parking
- Total parking spaces:10
- Parking description:Direct Access, Garage, Garage Faces Rear, Side By Side
- Garage:Yes
- Garage spaces:6
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