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1052 Belmont Avenue is a high-quality, townhouse-style triplex built in 1989 by the original owner-builder. Offered for sale for the first time, this well-maintained 3-unit property includes three 3-bedroom, 3-bath residences and stands out as one of the most unique and versatile investment opportunities in Long Beach. The property totals approximately 6,000 square feet of living space and features pride of ownership throughout. The largest unit that is approx. 2400 SF has been rehabbed and will be delivered vacant at close of escrow, offering the opportunity for immediate owner occupancy or lease-up at market rents. The remaining two units are occupied by long-term tenants and provide stable cash flow with clear upside due to below-market rents. Each unit includes an attached two-car garage, interior laundry, fireplace, dining area, balcony, and generous closet space. In addition to the six garage spaces, the property offers four on-site parking spaces. All units are separately metered, and tenants are responsible for their own utilities, making this a low-maintenance asset ideal for both seasoned and first-time investors. A 16.7% immediate scheduled income increase between the vacant renovated unit and the other two units supports a projected 5.55% CAP rate and 12.64 GRM. With strong curb appeal, solid infrastructure, flexible use as an investment or owner-occupied residence, and the possibility of condo conversion, 1052 Belmont Avenue presents a rare opportunity to acquire a stabilized asset with both immediate and long-term upside in one of Long Beach's most supply-constrained submarkets. The property is ideally located near the Traffic Circle, California State University of Long Beach, Wilson High School, Recreation Park Golf Course, and the shops and restaurants of 2nd Street, offering convenient access to some of the city's most desirable amenities.
| DAYS ON MARKET | 5 | LAST UPDATED | 4/15/2026 |
|---|---|---|---|
| TRACT | Eastside (ES) | YEAR BUILT | 1989 |
| COMMUNITY | 3 - Eastside, Circle Area | GARAGE SPACES | 6.0 |
| COUNTY | Los Angeles | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AREA | 3 - Eastside, Circle Area |
|---|---|
| CONSTRUCTION | Stucco |
| EXTERIOR | Balcony, Lighting |
| FIREPLACE | Yes |
| GARAGE | Yes |
| HEAT | Wall Furnace |
| INTERIOR | Bar, Cathedral Ceiling(s), Ceiling Fan(s), High Ceilings, Recessed Lighting, Walk-In Closet(s) |
| LOT | 5789 sq ft |
| LOT DESCRIPTION | Front Yard |
| LOT DIMENSIONS | 45'x131' |
| PARKING | Direct Access, Garage, Garage Faces Rear, Side By Side |
| POOL DESCRIPTION | None |
| STORIES | Two, Multi/Split |
| STYLE | Mediterranean |
| SUBDIVISION | Eastside (ES) |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Based on information from California Regional Multiple Listing Service, Inc. as of 4/20/26 1:21 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
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