Trophy Belmont Shore Apartment Building – Pride of Ownership Investment
Offered for sale is a rare, pride-of-ownership 12-unit (6-1bd/1ba; 6-2bd/2ba) apartment complex located in the heart of Belmont Shore, one of Long Beach’s most affluent and sought-after coastal neighborhoods. Built in 1964, this three-story, all-electric property has been pristinely maintained and thoughtfully updated throughout, making it an ideal acquisition for investors seeking long-term stability, strong tenant appeal, and premier location.
The property comprises approximately 10,293 square feet of rentable living space situated on a 6,681 square foot lot. All 12 units have been updated and feature electric stoves, microwave ovens, dishwashers, and refrigerators, supporting strong market rents and minimizing near-term capital expenditure.
The ground level consists of enclosed, gated parking, with one assigned parking space per unit, a highly desirable amenity in this coastal submarket. Residents enjoy a secure rod-iron gated and fenced perimeter, lush landscaping, and a rooftop patio offering panoramic neighborhood and coastal views, providing a unique lifestyle amenity rarely found in comparable assets.
Additional highlights include Elevator, and an on-site laundry room with coin-operated equipment, for supplemental income potential.
Located just blocks from the beach, boutique retail, dining, and the vibrant Belmont Shore business district, the property benefits from exceptional tenant demand, a strong demographic profile, and historically low vacancy. This offering represents a prestige investment opportunity in a premier coastal enclave with enduring appeal and long-term upside.
Home Style:
Mid-Century Modern
Property Sub Type:
Mixed Use
Property Attached:
No
Lot Area:
6,681 sq. ft.621 m2
Bathrooms:
-
(Full:-, Half:-)
Year built:
1964
(Age: 62)
General Listing Location:
Long Beach, 1 - Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr
County Or Parish:
Los Angeles
Tenant Pays:
Cable TV, Electricity
Common Interest:
None
Gross Income:
$2,400
Gross Scheduled Income:
$348,480
Net Operating Income:
$214,408
Cap Rate %:
4.05
Rent Control:
No
Total Actual Rent:
$346,080
Association Fee:
$0
Land Lease:
No
Electric Expense:
$1,987
Fuel Expense:
$0
Gardener expense:
3950.0
Insurance Expense:
$15,439
Licenses expense:
1134.0
Maintenance Expense:
$27,374
Taxes expense:
66250.0
Operating Expense:
$134,071
Other Expense:
$65
Professional Management Expense:
$0
Trash Expense:
$4,539
Water and Sewer Expense:
$13,333
Tax Lot:
24
Tax Block:
23
North of 2nd Street.
View:
Panoramic
Appliances:
Dishwasher, Electric Range, Microwave, Refrigerator
Accessibility Features:
Accessible Elevator Installed, Parking
Number of Buildings:
1
# of Electric Meters:
13
# of Gas Meters:
0
# of Water Meters:
1
# Units Leased:
12
Community Features:
Biking, Curbs, Dog Park, Golf, Preserve/Public Land, Street Lights, Suburban, Sidewalks, Water Sports, Park
Senior Community:
No
Laundry Features:
Common Area, Laundry Room
Pool Features:
None
Private Pool:
No
Spa Features:
None
Lot Features:
0-1 Unit/Acre, Near Park, Rectangular Lot
Fireplace Features:
None
Subdivision Name:
Belmont Shore (BSD)
Levels:
Three Or More
Num Stories:
4
Entry Level:
2
Entry Location:
Front
Construction Materials:
Stucco
New Constr.:
No
Flooring:
Carpet, Laminate, Vinyl
Roof:
Flat
Common Walls:
No Common Walls
# Units:
12
Property Condition:
Turnkey
Heating:
Radiant
Fireplace:
No
Cooling:
None
Utilities:
Electricity Connected, Sewer Connected, Water Connected
Electricity:
Standard
Fencing:
Good Condition, Wrought Iron
Water supply:
Public
Sewer:
Public Sewer
Spa:
No
Garage Spaces:
12
Total Parking Spaces:
12
Parking Features:
Assigned, Electric Gate, Garage, Gated, Garage Faces Rear