807 Belmont AVE, Long Beach, CA 90804 – PW24206404

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Belmont Heights (Bh)

MLS Listing ID PW24206404

Year Built 1948

Lot Size 7,788 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area 2 - Belmont Heights, Alamitos Heights

Zoning LBR3S

Interior

Heating Wall Furnace

Flooring Wood

Laundry Common Area

Exterior

Exterior Feature Rain Gutters

Garage Spaces 5.0

Garage Description 5.0

Fence Excellent Condition

Pool None

Community Features Curbs

Roof Type Composition,Shingle

Building

Lot Description 6-10 Units/Acre,Landscaped,Walkstreet

Story 2

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing Cash to New Loan,1031 Exchange

Listing Terms Cash to New Loan,1031 Exchange

Special Listing Condition Standard