Rare Coastal Triplex Investment Opportunity in Bluff Park | $17,500 Monthly Income | 5% CAP Rate
Welcome to 51 Kennebec Avenue, Long Beach, CA 90803 "” a rare opportunity to own a luxury, newly constructed triplex in the highly coveted Bluff Park Historic District near Belmont Heights and Alamitos Beach. Just one block from the ocean and moments from the beach, this premium coastal asset features three Mediterranean-style townhome units, all completed in 2024 and currently tenant-occupied, generating a total of $17,500/month ($210,000/year) in rental income with a 5% CAP rate. Situated on an expansive 8,501 SF lot, each unit boasts high-end finishes, private rooftop decks, and spacious modern layouts.
Property Features:
-3 Fully Rented Townhome-Style Units
-All Units Built in 2024 | Mediterranean Architecture
-Total: 9 Bedrooms | 9.5 Bathrooms
-All Units Include Private Rooftop Decks
-Unit 2230 Also Includes Private Side Yard
-One Block from the ocean and Bluff Park
-Walking Distance to Beach, Dining, and Shops
Unit Breakdown:
"¢ 51 Kennebec Ave - 3 Bed | 3.5 Bath | Rooftop Deck | Ocean Views
"¢ 2234 E 1st St - 3 Bed | 2.5 Bath | Rooftop Deck
"¢ 2230 E 1st St - 3 Bed | 3.5 Bath | Rooftop Deck + Private Side Yard
Whether you're looking to expand your portfolio with a turnkey luxury coastal property or secure a long-term investment in one of Long Beach's most desirable neighborhoods, this is a one-of-a-kind opportunity you don't want to miss.
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DAYS ON MARKET
|
5
|
LAST UPDATED
|
6/26/2025
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|
TRACT
|
Bluff Park (BLF)
|
YEAR BUILT
|
2024
|
|
COMMUNITY
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2 - Belmont Heights, Alamitos Heights
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GARAGE SPACES
|
3.0
|
|
COUNTY
|
Los Angeles
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STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
| AIR |
Central Air |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Built-In Range, Dishwasher, Disposal, Dryer, Gas Oven, Gas Range, Microwave, Range Hood, Refrigerator, Vented Exhaust Fan, Washer |
| AREA |
2 - Belmont Heights, Alamitos Heights |
| EXTERIOR |
Balcony, Fire Pit, Lighting |
| FIREPLACE |
Yes |
| GARAGE |
Yes |
| HEAT |
Central |
| INTERIOR |
Recessed Lighting, Walk-In Closet(s) |
| LOT |
8503 sq ft |
| LOT DESCRIPTION |
Corner Lot, Landscaped, Paved |
| PARKING |
Direct Access, Garage |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| STYLE |
Mediterranean |
| SUBDIVISION |
Bluff Park (BLF) |
| VIEW |
Yes |
| VIEW DESCRIPTION |
Neighborhood |
| WATER |
Public |
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Listed with West Shores Realty, Inc.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 6/30/25 11:06 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.
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