Seven-Unit Multifamily
927 Belmont Avenue Long Beach, CA 90804
927 Belmont Avenue, Long Beach, CA, 90804
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For Sale
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Built in 1947, this 7-unit multifamily includes on-site laundry and 4 single-car garages.
Property Size5,261 SF
Price / SF$380.16
Days on Market16
Property Features for 927 Belmont Avenue
General Information
- Standard status
- Active
- Size
- 5,261 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1947
Listing agency
Marcus & Millichap - Orange County
(949) 419-3200
Listed by
Tyler Leeson · License #CA 01451551
Source
Crexi
Added: Jul 6 Updated: Jul 20 at 8:14PM Checked: Jul 20 at 8:14PM
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 Marcus & Millichap - Orange County
Investment Insights
Based on property information with market context.
927 Belmont Avenue is a 7-unit multifamily property built in 1947. The unit mix consists of 3 one-bed/one-bath units and 4 two-bed/one-bath units, totaling approximately 5,261 net rentable square feet. The property is described as well maintained by the current ownership and includes security/screen doors, on-site laundry, and parking support with 4 single-car garages plus 1 surface parking space.
The property is located in the Eastside neighborhood of Long Beach, California, with walkable access to Jefferson Leadership Academy, Woodrow Wilson High School, and Recreation Park. The remarks also note nearby daily-needs retail along Anaheim Street, the Long Beach Traffic Circle, California State University, Long Beach, and the Belmont Shore 2nd Street corridor.
The garages and laundry are identified as providing ancillary income opportunities beyond base apartment rent. The owner also reports maintaining in-place rents near market levels through consistent annual rent increases, with additional upside referenced through selective interior renovations as units turn.
The property is located in the Eastside neighborhood of Long Beach, California, with walkable access to Jefferson Leadership Academy, Woodrow Wilson High School, and Recreation Park. The remarks also note nearby daily-needs retail along Anaheim Street, the Long Beach Traffic Circle, California State University, Long Beach, and the Belmont Shore 2nd Street corridor.
The garages and laundry are identified as providing ancillary income opportunities beyond base apartment rent. The owner also reports maintaining in-place rents near market levels through consistent annual rent increases, with additional upside referenced through selective interior renovations as units turn.
Key Highlights
- Built in 1947, 7‑unit multifamily totals approx. 5,261 net rentable SF in East Long Beach
- Unit mix: 3 one‑bed/one‑bath units and 4 two‑bed/one‑bath units
- Includes 4 single‑car garages plus 1 surface parking space, adding ancillary income opportunities
Local Financial Insights For Apartment 5plus
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 | $192.6k | $36.60 |
| − Vacancy | −$9.6k | −$1.83 |
| EGI | $182.9k | $34.77 |
| − OpEx | −$82.3k | −$15.65 |
| NOI | $100.6k | $19.12 |
5,261 SF · lease $36.60/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.44M
$1.26M – $1.68M
NOI $100,609 @ 7.0% cap · market cap 5.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.82M
$2.46M – $3.29M
NOI $197,170 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Built in 1947, this 7-unit multifamily includes on-site laundry and 4 single-car garages.
Where is this apartment building located?
The property is located at 927 Belmont Avenue Long Beach, CA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Built in 1947, 7‑unit multifamily totals approx. 5,261 net rentable SF in East Long Beach; Unit mix: 3 one‑bed/one‑bath units and 4 two‑bed/one‑bath units; Includes 4 single‑car garages plus 1 surface parking space, adding ancillary income opportunities
