7-Unit Apartment
For Sale
$1,850,000
927 Belmont Avenue Long, Long Beach, CA 90804
Well-maintained multifamily asset with a balanced unit mix, garage parking, surface parking, and on-site laundry.
Property SizeContact for details
Days on Market119
Property Features for 927 Belmont Avenue Long
General Information
Standard status
Active
Net Rentable
5,261 SF
Total Parking Spaces
5
Property subtype
Apartment
Site & Location
Neighborhood
Recreation Park
Units
Unit Mix
3 x 1BR/1BA, 4 x 2BR/1BA
Multifamily Units
7
Additional Details
Cap Rate
5.59%
Amenities
security/screen doors
on-site laundry
Building Details
Year Built
1947
Stories
2
Listing Agency:
Marcus & Millichap RE Invest
Listed By:
Tyler Leeson · License #01451551
(949) 419-3326
Source:
Kw
Added: Jul 7
Changed: Nov 1
Last Checked: Nov 1 at 10:08AM
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 RE Invest
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Investment Insights
Based on property information with market context.
Built in 1947, this 7-unit apartment property contains approximately 5,261 net rentable square feet and offers a mix of 3 one-bed/one-bath residences and 4 two-bed/one-bath residences. The improvements include 4 single-car garages, 1 surface parking space, security/screen doors, and laundry facilities located on site. Current ownership has maintained the property and implemented consistent annual rent increases, keeping in-place rents near market levels. The property is producing a 5.59% cap rate on current income, with additional potential to update interiors as residences become available.
The property is located in Long Beach’s Eastside neighborhood, within walking distance of Jefferson Leadership Academy, Woodrow Wilson High School, and Recreation Park. Nearby destinations include daily-needs retail along Anaheim Street, the Long Beach Traffic Circle, California State University, Long Beach, and Belmont Shore’s 2nd Street corridor.
The property is located in Long Beach’s Eastside neighborhood, within walking distance of Jefferson Leadership Academy, Woodrow Wilson High School, and Recreation Park. Nearby destinations include daily-needs retail along Anaheim Street, the Long Beach Traffic Circle, California State University, Long Beach, and Belmont Shore’s 2nd Street corridor.
Key Highlights
- 7‑unit multifamily property with approximately 5,261 net rentable square feet
- Unit mix includes 3 one‑bed/one‑bath units and 4 two‑bed/one‑bath units
- Built in 1947 and maintained by current ownership
Property Analytics
Who owns this building?
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Lease Details
7
Residential units
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 - Well-maintained multifamily asset with a balanced unit mix, garage parking, surface parking, and on-site laundry.
Where is this apartment building located?
The property is located at 927 Belmont Avenue Long Long Beach, CA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 7‑unit multifamily property with approximately 5,261 net rentable square feet; Unit mix includes 3 one‑bed/one‑bath units and 4 two‑bed/one‑bath units; Built in 1947 and maintained by current ownership
