Seven-Unit Apartment
For Sale
$1,995,000
810 Belmont Avenue, Long Beach, CA 90804
Two woodframe, stucco buildings offer six residential units plus a studio, with shared landscaped outdoor space.
Property Size5,554 SF
Lot Size0.13 Acres
Price / SF$359.20
Days on Market176
Property Features for 810 Belmont Avenue
General Information
Standard status
Active
Size
5,554 SF
Total Parking Spaces
2
Lot size
0.13 Acres
Property subtype
Apartment
Additional Details
Road Access
Yes
Multifamily Units
7
Taxes and HOA fees
Annual Taxes
$22,215
Building Details
Building Size
5,554 SF
Year Built
1948
Stories
2
Listing Agency:
Carl Reinhart, Broker
Listed By:
Carl Reinhart · License #00647355
(714) 404-8020
Source:
Velocityrealtysd
Added: Apr 30
Changed: Oct 13
Last Checked: Oct 21 at 2:52AM
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 Carl Reinhart, Broker
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Investment Insights
Based on property information with market context.
The property is a seven-unit apartment complex consisting of two two-story woodframe and stucco buildings. Built in 1948, the buildings have undergone renovations on multiple occasions. The front building contains four two-bedroom, one-bath units, while the rear building includes one studio, one one-bedroom, one one-bedroom/one-bath unit, and one three-bedroom/two-bath unit. Outdoor amenities include a landscaped yard at the front of the property and a shared landscaped yard between the two buildings, along with a two-car garage served by a rear alley. Washer and dryer are available in the rear building and are coin-operated, with the service provided by an outside provider.
The complex is situated on a level, rectangular parcel that fronts Belmont Avenue. Belmont Avenue is described as a quiet, well-landscaped street with a mix of single-family homes and small apartment buildings. The area is characterized by long-term residents, families, and young professionals.
Woodrow Wilson High School is approximately three blocks east, with additional nearby recreational and activity destinations including a city-owned recreation park one-quarter mile east and Belmont Shore about one mile south.
The complex is situated on a level, rectangular parcel that fronts Belmont Avenue. Belmont Avenue is described as a quiet, well-landscaped street with a mix of single-family homes and small apartment buildings. The area is characterized by long-term residents, families, and young professionals.
Woodrow Wilson High School is approximately three blocks east, with additional nearby recreational and activity destinations including a city-owned recreation park one-quarter mile east and Belmont Shore about one mile south.
Key Highlights
- Seven‑unit apartment complex with two woodframe and stucco buildings built in 1948
- Total 5,554 SF across two apartment buildings on a level, rectangular 5,852 SF parcel fronting on Belmont Avenue
- Unit mix: front building has four 2 bed/1 bath units; rear building has one studio, one 1 bed/1 bath, and one 3 bed/2 bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,212
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,124,240
$2.1M
Cap Rate 7%
$1,517,314
$1.5M
Cap Rate 9%
$1,180,133
$1.2M
Market Conditions
NOI Build-Up for 5,554 SF
Gross rent
$203.3K $36.60/SF
− Vacancy
−$10.2K −$1.83/SF
EGI
$193.1K $34.77/SF
− OpEx
−$86.9K −$15.65/SF
NOI
$106.2K $19.12/SF
Area
Long Beach, CA
Vacancy
5.00%
Lease Rate
$36.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,124,240
Cap Rate 7%
$1,517,314
Cap Rate 9%
$1,180,133
Alternative Uses
Best Use
Apartment 5plus
$1.52M
$1.33M – $1.77M
NOI $106,212 @ 7.0% cap · market cap 5.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.97M
$2.60M – $3.47M
NOI $208,151 @ 7.0% cap · market cap 10.43%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
7
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,249
Businesses Nearby
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Business Placement
Demographics for 90804, CA
39,370
Population
15,998
Households
2.5
Avg Household Size
33
Median Age
30%
College-Educated
75%
High-School Grad
2.2 sq mi
ZIP Area
17,895
Density / Sq Mi
$68,940
Median Household Income
$38,914
Median Earnings
$1,801
Median Rent
$673,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two woodframe, stucco buildings offer six residential units plus a studio, with shared landscaped outdoor space.
Where is this apartment building located?
The property is located at 810 Belmont Avenue Long Beach, CA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Seven‑unit apartment complex with two woodframe and stucco buildings built in 1948; Total 5,554 SF across two apartment buildings on a level, rectangular 5,852 SF parcel fronting on Belmont Avenue; Unit mix: front building has four 2 bed/1 bath units; rear building has one studio, one 1 bed/1 bath, and one 3 bed/2 bath
