Belmont Heights, Alamitos Heights (2) Homes with Concrete Parking features

Welcome to the vibrant neighborhoods of Belmont Heights and Alamitos Heights, two of Long Beach, California’s most sought-after areas. Nestled in Los Angeles County, these communities are renowned for their picturesque tree-lined streets, stunning ocean views, and a blend of charming historical homes and modern architecture.

Belmont Heights is a delightful enclave that boasts an array of architectural styles, from classic Craftsman bungalows to elegant Mediterranean villas. Residents enjoy the close-knit community atmosphere, with local parks, quaint cafes, and boutique shops just a stone’s throw away. The nearby beaches offer a perfect escape, where you can soak up the sun or take a leisurely stroll along the coastline.

Alamitos Heights is equally enchanting, characterized by its hillside views and proximity to the vibrant downtown area. This neighborhood is ideal for families and young professionals alike, thanks to its excellent schools and a plethora of recreational opportunities. From biking along the scenic paths of the nearby parks to enjoying the bustling local dining scene, there’s always something to do in Alamitos Heights.

One of the standout features of homes in both Belmont Heights and Alamitos Heights is the inclusion of concrete parking. This practical amenity not only adds convenience but also enhances the overall appeal of these homes, ensuring that residents have a dedicated space for their vehicles in a city where parking can often be a challenge.

Whether you’re looking for a cozy bungalow or a spacious family home, Belmont Heights and Alamitos Heights offer a unique lifestyle that combines the best of coastal living with the charm of suburban neighborhoods. Come discover the magic of these Long Beach gems!

Newest Belmont Heights, Alamitos Heights (2) Homes with Concrete Parking features

$1,999,000

PV26079470 MLS ⋅ Active Status

4124 E Broadway presents a rare opportunity to acquire a well-maintained Spanish-style residential income property in the highly desirable Belmont Shore / Belmont Heights coastal enclave of Long Beach. The asset consists of four units, including two 2-bedroom/1-bath units, one 1-bedroom/1-bath unit, and one studio unit (buyer to verify permits), offering a diversified unit mix that supports durable tenant demand across multiple renter profiles.The property generates approximately $ 9,775 in monthly gross income ( $117,300 annually), equating to a 5.4% current cap rate. With demonstrated rental upside and below-market in-place rents, investors can expect an even greater cap rate with strategic interior upgrades, unit turns, and alignment to prevailing market rents. The partially renovated studio unit provides an immediate value-add component, reducing initial capital outlay while illustrating achievable rent premiums. This offering represents a compelling blend of stable cash flow and operational upside, supported by strong underlying fundamentals in a supply-constrained coastal submarket. Belmont Shore/Belmont Heights continues to exhibit high occupancy levels and resilient rent growth due to limited new multifamily development, coastal zoning restrictions, and sustained lifestyle-driven demand. Additional amenities include two single-car garages, two driveway parking spaces, on-site community laundry, and a generously sized communal backyard that enhances tenant livability and retention. Notably, additionally two units feature private outdoor spaces—an increasingly scarce amenity that supports rent growth and tenant stability. Located just blocks from the Pacific Ocean and within close proximity to Alamitos Bay Beach, Bluff Park, and the vibrant retail and dining corridor along 2nd Street, the property benefits from exceptional walkability and a premier coastal lifestyle. This irreplaceable location serves as a natural hedge against market volatility, reinforcing long-term appreciation potential. With in-place income, identifiable value-add potential, and positioning within one of Long Beach’s most sought-after rental corridors, 4124 E Broadway offers investors a rare opportunity to acquire a defensible coastal asset with both yield and growth characteristics. Buyers are advised to conduct their own due diligence regarding rent control regulations, permitting, and market rent assumptions.

4124 E Broadway, Long Beach

Start Your Search

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.