Property · 2 recorded sales since 2018
Listing Agent: Jonathan Swire (DRE #01336277) · Listing Office: The Agency · Contact: 424-230-3700 · Bought with: Jonathan Swire · The Agency · MLS #25497543 · Source: CRMLS
PRICED TO SELL. 8 units on the Eastside of Long Beach in Belmont Heights - heavily remodeled in 2019 - over $400K in CAP EX spent. 11.4 GRM And 5.8% CAP against in-place rents. Excellent unit mix for the area with 1 and 2-bedroom units. 5 parking spaces in the rear (3 garages and 2 open). All units had new kitchens, baths, flooring, etc. in 2019. Well-maintained and professionally managed property. Property is subject to AB 1482 Rent Control (5% + CPI increase allowed). Exterior was updated in 2019 as well - new paint, windows, landscaping, lighting, etc. Put 30% Down. Excellent financing available for qualified Buyers - 5.25% 5-year fixed, fully amortized. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Listing description from the May 2025 sale, as reported to CRMLS.