807 Belmont Avenue, Long Beach, CA, 90804

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$3,925,000
83 Days On Site

807 Belmont Avenue
Long Beach, CA 90804

For Sale|Apartment|Active
0
Beds
0
Full Baths
0
Partial Baths
6,673
SqFt
$588
/SqFt
1948
Built
Subdivision:
Belmont Heights (BH)
County:
Los Angeles
Listed by Justin White of Justin White [email protected]

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807 Belmont Avenue807 Belmont Avenue807 Belmont Avenue807 Belmont Avenue
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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.

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Listing Snapshot
Price 
$3,925,000
Days On Site 
83 Days
Bedrooms 
N/A
Inside Area (SqFt) 
6,673 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1788 Acres
Year Built 
1948
MLS® Number 
PW24206404
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 months agoStatus changed to Active
3 months agoListing updated with changes from the MLS®
3 months agoListing first seen on site
General Features
Acres 
0.1788
Disclosures 
Accessory Dwelling UnitRent Control
Foundation 
Brick/Mortar
Garage 
Yes
Garage Spaces 
5
Number Of Stories 
2
Parking Spaces 
5
Property Condition 
Updated/Remodeled
Property Sub Type 
Apartment
Security 
Security System
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
6673
Stories 
Two
Water Source 
Public
Zoning 
LBR3S
Interior Features
Flooring 
Wood
Heating 
Wall Furnace
Laundry Features 
Common Area
Window Features 
Wood Frames
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Exterior Features
Exterior 
Rain Gutters
Lot Features 
Landscaped
Pool Features 
None
Road Frontage 
City Street
Roof 
CompositionShingle
Windows/Doors 
Wood Frames
Community Features
Building Access 
1
Community Features 
Curbs
Financing Terms Available 
1031 Exchange
MLS Area 
2 - Belmont Heights, Alamitos Heights
Roads 
Alley Paved


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. The 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, the 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.

Neighborhood & Commute
Source: Walkscore
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