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Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active Under Contract
Purchase Type For Sale
Subdivision Long Beach Park Tract
MLS Listing ID PW26094148
Construction Status Repairs Cosmetic,Updated/Remodeled
HOA Y/N No
Year Built 1923
Annual Tax Amount $29,953
Lot Size 6,189 Sqft
Property Sub-Type Apartment
Property Description
East Broadway is a busy traffic corridor through the city and is developed with a mix of retail and office buildings as well as single-family homes and small apartment buildings. Belmont Heights is one of the area's most sought-after coastal submarkets with a broad tenant base of young professionals, families and long-term residents. Woodrow Wilson High School is located less than one mile northeast of the subject. The 229-acre, city-owned Recreation Park is located one mile to the northeast and features include a community center, two golf courses, a tennis center, fishing pond and a baseball stadium. The heart of trendy Belmont Shore is less than three-quarters of a mile to the east. California State University, Long Beach is located less than two miles to the northeast. City Beach, Bluff Park and Belmont Pier are a quarter-mile to the south. Long Beach Municipal Airport is located three miles to the north and has non-stop flights to twenty-one cities nationwide as well as one-stop flights to 400 cities worldwide. Anduril Industries, a cutting-edge defense technology company specializing n artificial intelligence applications has recently announced that it is commencing a $1 billion redevelopment of land adjacent to the Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs.
This is the first offering for sale of the Property since the current Owner acquired it in 2002. The Property is fully-occupied and rarely has vacant units. Current rental rates are below market, and the Property is subject only to State of California rent control. Most tenants occupy units on a month-to-month basis.
Location
State CA
County Los Angeles
Area 2 - Belmont Heights, Alamitos Heights
Interior
Interior Features Balcony, Unfurnished
Heating Natural Gas, Wall Furnace
Cooling None
Flooring Carpet, Laminate, Vinyl
Fireplaces Type None
Fireplace No
Appliance Electric Oven, Electric Range, Disposal
Laundry None
Exterior
Exterior Feature Awning(s)
Parking Features None
Pool None
Community Features Biking, Curbs, Dog Park, Fishing, Golf, Hiking, Lake, Sidewalks, Urban, Water Sports, Park
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N Yes
View City Lights, Neighborhood
Roof Type Flat,Tar/Gravel
Accessibility None
Private Pool No
Building
Lot Description 6-10 Units/Acre, Corner Lot, Near Park, Over 40 Units/Acre, Near Public Transit, Rectangular Lot, Sprinklers None
Story 2
Entry Level Two
Sewer Public Sewer, Sewer Tap Paid
Water Public
Architectural Style Spanish
Level or Stories Two
New Construction No
Construction Status Repairs Cosmetic,Updated/Remodeled
Others
Senior Community No
Tax ID 7264002021
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Energy Description 500.0
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
Nearby Locations
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