927 Belmont Avenue, Long Beach, CA 90804
Local realty services provided by:CENTURY 21 Affiliated
927 Belmont Avenue,Long Beach, CA 90804
$2,000,000
- 3 Beds
- 2 Baths
- - sq. ft.
- Multi-family
- Pending
Listed by: tyler leeson
Office: marcus & millichap re invest
MLS#:OC26146571
Source:San Diego MLS via CRMLS
Price summary
- Price:$2,000,000
About this home
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 propertys 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 Shores 2nd Street corridor....
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Home facts
- Listing ID #:OC26146571
- Added:65 day(s) ago
- Updated:September 11, 2026 at 04:29 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
Structure and exterior
- Levels:2 Story
Finances and disclosures
- Price:$2,000,000
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