Long Beach Triplex Investment
1052 Belmont, Long Beach, CA 90804
Well-maintained triplex with upside potential in a desirable Long Beach location.
Type:Investment
Property size:
6,000 SFPrice / SF:
$298/SF- Added:
- Apr 24, 2026
- Days on Market:
- 39
- Last Refresh:
- Apr 24 at 4:05 pm
Property Features for 1052 Belmont
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1989
Listing agent Moe Shahbani License #01068932 (562) 547-3324
Listing office Coldwell Banker Coastal Alliance (562) 547-3324
Listing date Apr 24, 2026
Source Elliman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Coastal Alliance
HighLights
- Rare townhouse‑style triplex offering a unique investment opportunity.
- Vacant and fully renovated unit ready for immediate occupancy or lease‑up.
- Stable cash flow from long‑term tenants with rental upside.
- Projected 5.55% CAP rate and 12.64 GRM with scheduled income increase.
- Each unit features an attached two‑car garage, interior laundry, fireplace, dining area, and balcony.
- Excellent location near Traffic Circle, CSULB, and Recreation Park Golf Course.
Overview
Located in Long Beach, 1052 Belmont Avenue is a townhouse-style triplex constructed in 1989. This well-maintained property features three 3-bedroom, 3-bath residences. The property contains approximately 6,000 square feet of living space. One of the units, approximately 2400 SF, has been renovated and will be delivered vacant, allowing for owner occupancy or lease-up at market rents. The remaining two units are occupied by long-term tenants. Each unit includes an attached two-car garage, interior laundry, fireplace, dining area, balcony, and 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. The property is 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.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $194.4k | $32.40 |
| − Vacancy | −$10.1k | −$1.68 |
| EGI | $184.3k | $30.72 |
| − OpEx | −$55.3k | −$9.21 |
| NOI | $129.0k | $21.50 |
6,000 SF · lease $32.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.84M
$1.61M – $2.15M
NOI $129,004 @ 7.0% cap · market cap 7.21%
Second Best
Apartment 5plus
$1.64M
$1.43M – $1.91M
NOI $114,741 @ 7.0% cap · market cap 6.41%
Theoretical Best
Office A
$3.21M
$2.81M – $3.75M
NOI $224,866 @ 7.0% cap · market cap 12.56%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Long Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.1444865
- Latitude
- 33.7797661
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Well-maintained triplex with upside potential in a desirable Long Beach location.
Where is this triplex located?
The property is located at 1052 Belmont Long Beach, CA.
What is the asking price?
The asking price for this property is $1,790,000.
What are key features of this property?
This property features: Rare townhouse‑style triplex offering a unique investment opportunity.; Vacant and **fully renovated unit ready for immediate occupancy or lease‑up**.; Stable cash flow from long‑term tenants with rental upside.
