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$1,525,000
SB26163180 MLS ⋅ Active Status
We are pleased to present 3822 E. 7th Street, a well-maintained 5-unit multifamily investment opportunity located in the Belmont Heights submarket of Long Beach. This 5,014 SF lot benefits from extremely efficient lot coverage as it features (2) separate structures, a large central courtyard, and a communal outdoor barbeque area in the rear. The front structure consists of (4) 1 Bed/1 Bath units. These spacious, nearly identical units span approximately 750 square feet each and showcase the classic character and charm associated with vintage Belmont Heights apartments. The rear structure features (1) fully remodeled 2 Bed/1 Bath unit upstairs with approximately 950 SF of living area, which includes a master bedroom and walk in closet. Downstairs, there are (3) garages (one of which is currently being used for owner storage), and an on-site laundry room with leased units. Overall, the property has been meticulously maintained by ownership and features copper plumbing throughout with a consistently maintained main sewer line, exceptional unit interiors, and a recently inspected roof found to be in excellent condition. Priced at a 5.21% CAP rate and 12.47 GRM on current in-place income, with upside to an achievable 7.84% Market CAP rate and 9.28 Market GRM, this offering provides investors with strong day-one cash flow with compelling value-add components on multiple fronts. First, the 33% rent upside is compounded by the building’s extremely efficient expense profile as owner-paid utility expenses have historically remained very low. Further, the prudent investor can increase NOI by transitioning to owner-operated laundry equipment and monetizing the garage currently used for owner storage. In addition, the configuration of the rear structure offers significant ADU appeal (buyer to verify). Lastly, this Belmont Heights location boasts a Walk Score of 92 (“Walker’s Paradise”) and is located near excellent schools, including Woodrow Wilson High School a mere half mile away. In addition, the property’s proximity to the Traffic Circle provides convenient access to the major economic and employment hubs of Los Angeles and Orange counties, supporting consistent tenant demand in this strong infill location

3822 E 7th Street, Long Beach
$925,000
3 Beds ⋅ 3 Baths ⋅ PW26052573 MLS ⋅ Active Status
Spectacular Two-story home located 1 block from the beach. This home has been nicely remodeled with high end finishes. The focus will be the spectacular ocean, Catalina & pier views. Located in an 8-unit security building and great community you will love to call this home. The entry level features a living room with gorgeous Travertine tile floors creating a clean and spacious open floor plan, space for dining, a fireplace and hearth, dual pane sliders to a spacious balcony with storage. Additionally, the space is enhanced with a great entertainment build-out, Surround sound, recessed & mood/art lighting allowing you to create the space you want visually. The kitchen is open to the living space and has been nicely updated with High-end cabinetry, granite counters and stainless-steel appliances. This space is ideal for intimate gatherings. Currently the upstairs bedroom with powder room has been opened for office space with incredible coastal views. The downstairs is complete with a second en suite bedroom, primary suite, and Laundry. The Primary Suite is impressive with a spacious bedroom with private balcony and water views, an incredible bath, complete with Jetted tub + shower w/mood lighting, TV, & walk-in closet, plus 10' second closet Stackable w/d in hall. Private guest suite with three-fourths remodeled bath & walk-in closet. The HOA is well run and self-managed with an accounting firm handling billing. The parking is two oversized parking with an eight-by-ten private storage unit. Your walkability is incredible with the beach, eateries, coffee houses, Belmont Shore and much more within minutes.

3811 E Livingston Drive Unit 1, Long Beach
$999,999
2 Beds ⋅ 2 Baths ⋅ SB26010182 MLS ⋅ Active Status
SELLER FINANCING AVAILABLE. Rare oceanfront architectural residence with three private courtyards in the iconic Galaxy Towers, designed by Gibbs, Gibbs & Gibbs. Extensively remodeled with permits while preserving its mid-century character, this unique home offers ocean views from the living room, dining room, kitchen, and primary suite. Wake to sunrise views over the Pacific, enjoy Queen Mary views at night, and watch Fourth of July fireworks from the comfort of your bedroom. Unlike most units in the building, this residence features approximately 800 square feet of private outdoor living space across three separate courtyards, creating a seamless indoor-outdoor lifestyle rarely found on the coast. Floor-to-ceiling glass fills the home with natural light, ocean breezes, and exceptional views while maintaining remarkable privacy. The thoughtfully designed renovation combines modern comfort with architectural integrity. Additional features include in-unit laundry, storage, secure building access, and a separately deeded parking space available for purchase. Ideally located across from the beach near Bluff Park, Belmont Shore, Downtown Long Beach, restaurants, shopping, museums, bike paths, and coastal recreation. A rare opportunity to own one of the most distinctive residences in Galaxy Towers.

2999 E Ocean Boulevard Unit 120, Long Beach

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.