Unlock the potential of this Spanish-style duplex, ideally situated in the highly desirable Belmont Heights Historic Neighborhood. This investment property combines timeless architectural appeal with immediate income-generating potential, making it a standout addition to any portfolio. Both units are currently tenant-occupied with rents at or near market value, providing steady income from day one. The property has been freshly painted, ensuring low maintenance costs and strong tenant retention. A newly constructed deck enhances the property's appeal, offering additional outdoor living space. Adding to the property's allure is its expansive lot, complete with mature orange trees that not only enhance the landscape but also offer an extra selling point for future tenants. The sizable lot presents a unique opportunity for further development, including the addition of ADUs (Accessory Dwelling Units), allowing you to maximize rental income and significantly increase property value (buyer to verify with City of Long Beach). Looking ahead, the upcoming 2028 Olympic Games in Long Beach presents a unique advantage for investors. With Long Beach set to host several Olympic events, the area is expected to see a surge in demand for short-term and long-term rentals, driving potential increases in rental income and property value. This duplex offers the perfect opportunity to capitalize on the increased attention and influx of visitors to the area, making it an even more attractive investment.This property is not just a piece of real estate; it’s a strategic investment in one of Long Beach's most storied neighborhoods. Whether you’re looking to expand your portfolio or capitalize on the growing demand for quality rental properties, this duplex offers both immediate returns and long-term appreciation potential.Seize this rare opportunity to invest in Belmont Heights—where historic charm meets modern profitability!
|
DAYS ON MARKET
|
154
|
LAST UPDATED
|
12/2/2024
|
|
TRACT
|
Belmont Heights (BH)
|
YEAR BUILT
|
1924
|
|
COMMUNITY
|
Belmont Heights, Alamitos Heights
|
GARAGE SPACES
|
2.0
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Conditional
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
| AIR |
None |
| APPLIANCES |
Dryer, Washer |
| AREA |
Belmont Heights, Alamitos Heights |
| GARAGE |
Garage, Uncovered, Yes |
| HEAT |
Wall Furnace |
| HOA DUES |
0 |
| LOT |
6770 sq ft |
| LOT DESCRIPTION |
Rectangular Lot, Zero Lot Line |
| PARKING |
Garage,Uncovered |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| STYLE |
Spanish |
| SUBDIVISION |
Belmont Heights (BH) |
| WATER |
Public |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Ben
Salem to contact you even if your name is on a Federal or State
"Do not call List".
Listed with Seven Gables Real Estate
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 1/16/25 12:54 AM PST 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.
Save favorite listings, searches, and get the latest alerts
Save your favorite listings, searches, and receive the latest listing alerts
Twitter
Facebook
Email