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807 Belmont Avenue

Long Beach, CA 90804

– beds
– baths
– sqft
7,790 sqft lot
1948 build
– on site

Discover the exceptional potential of 807 Belmont Ave, a premier multi-family property nestled in the coveted Belmont Heights district of Long Beach. This charming two-story Spanish-style building offers a total of 9 units, with incredible opportunities for expansion and increased revenue. The property comes with “Ready to Issue” (RTI) plans for two ADU units and the conversion of ?ve enclosed garages into additional 1- and 2-bedroom units, allowing you to maximize the income potential from day one. Situated on a spacious 7,790 SF corner lot, this property features 7,597 SF of rentable space, providing ample room for tenants to enjoy. The serene fenced courtyard, complemented by minimal water vegetation and ample shade, offers a tranquil retreat for residents, perfect for soaking in the refreshing ocean breeze. The well-maintained units boast a blend of original charm and modern upgrades, including resurfaced hardwood ?oors, fresh two-tone paint, ceiling fans, and new bathrooms. While some units retain their original kitchens and bathrooms, they present an excellent opportunity for further value enhancement, enabling you to achieve market rents through strategic renovations. A standout feature of this property is the ?ve enclosed garages, offering secure and convenient parking—a highly sought-after amenity in this area. The current owner has already submitted plans to convert these garages into two additional ADU units, with approved designs for a 2-bedroom/1-bath and a 1-bedroom/1-bath, ready for construction upon closing. Recent improvements, including a new composite shingle roof, fresh paint, and new ?ooring in select units, demonstrate the meticulous care invested in maintaining this property in pristine condition. The potential to convert the non-conforming manager’s unit further adds to the versatility and value of this exceptional investment. Seize this rare opportunity to acquire a highly desirable property with signi?cant upside potential in one of Long Beach’s most sought-after neighborhoods. 807 Belmont Ave is not just a property; it's a gateway to elevated returns and a thriving community.

Listed By CRMLS_CA / Justin White / Justin White / 714.231.2537

Last checked: Checking… • Last updated Oct 4, 2024 •

MLS# PW24206404 —

The Building

Year Built:

1948
Year Built Source:

Public Records
New Construction:

No
Building Area Total:

6673.00
Building Area Units:

Square Feet
Total Number Of Units:

9
# of Buildings:

2
Roof:

Composition, Shingle
Foundation:

Brick/Mortar
Exterior Features:

Rain Gutters
Stories Total:

2
Entry Level:

1
Common Walls:

2+ Common Walls
# of Separate Gas Meters:

10
# of Separate Water Meters:

1
# of Separate Electric Meters:

10

Interior

Levels:

Two
Entry Location:

1
Window Features:

Wood Frames
Flooring:

Wood
Laundry:

Common Area
Laundry:

1

Financial & Terms

Disclosures:

Accessory Dwelling Unit, Rent Control

Location

Directions:

Headed East on 7th St. turn left on Termino Ave, and right onto 8th St.
Latitude:

33.77731200
Longitude:

-118.14512200

The Property

Property Type:

Residential Income
Subtype:

Apartment
Property Condition:

Updated/Remodeled
Zoning:

LBR3S
Lot Features:

6-10 Units/Acre, Landscaped, Walkstreet
Lot Size Area:

7790.0000
Lot Size Acres:

0.1788
Lot Size SqFt:

7790.00
Lot Size Source:

Public Records
Fencing:

Excellent Condition
Fence:

Yes
Security Features:

Security System
Road Frontage:

City Street
Road Surface Type:

Alley Paved
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

5770.00
Tax Tract:

5770
Tax Lot:

23

The Listing

Special Listing Conditions:

Standard
Parcel Number:

7254018023

Heating & Cooling

Heating:

1
Heating:

Wall Furnace

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Subdivision:

Belmont Heights (BH)
Subdivision:

Belmont Heights (BH)
Features:

Curbs
Pool:

None
Senior Community:

No
Private Pool:

No

Parking

Parking Spaces:

5.00
Garage Spaces:

5.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Max Internet Speed

Frontier

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
10/4/24 Oct 4, 2024	Listed / Active	CRMLS_CA	$3,925,000

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This multifamily located in Recreation Park, Long Beach, CA 90804 is currently for sale for $3,925,000. 807 Belmont Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 78 days. 807 Belmont Avenue is in the Recreation Park neighborhood of Long Beach and has a WalkScore® of 88, making it very walkable. This multifamily is in the attendance area of Jefferson Leadership Academies, Wilson High School, and Fremont Elementary School.

Listing Courtesy of: CRMLS_CA and Justin White. Based on information from California Regional Multiple Listing Service, Inc. as of 08:41 on Dec 21.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.