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230 Nieto Ave
Long Beach, CA 90803
Belmont Shore Triplex · Multifamily Property For Sale
·
3 Units
Executive Summary
Investment highlights:
Belmont Shore continues to stand out as one of the most desirable coastal rental markets in Southern California, offering a rare combination of lifestyle appeal, strong tenant demand, and long-term investment stability. This well-located triplex presents an outstanding opportunity for both investors and owner/users, featuring an attractive unit mix of two spacious 2-bedroom/1-bath units and one 1-bedroom/1-bath unit. The property is ideally suited for an owner-occupant seeking supplemental rental income while enjoying the benefits of living just moments from the beach, Alamitos Bay, and the vibrant dining and retail corridor along 2nd Street. Income-producing properties in Belmont Shore are highly sought after due to the area’s limited inventory, walkability, and strong rental fundamentals. Residents are drawn to the coastal lifestyle, excellent neighborhood amenities, and convenient access to major employment centers throughout Long Beach and Orange County. Whether positioned as a long-term hold, lifestyle investment, or strategic owner/user acquisition, this property offers the ability to generate stable income while benefiting from the long-term appreciation historically associated with prime coastal real estate.
Belmont Shore continues to stand out as one of the most desirable coastal rental markets in Southern California, offering a rare combination of lifestyle appeal, strong tenant demand, and long-term investment stability. This well-located triplex presents an outstanding opportunity for both investors and owner/users, featuring an attractive unit mix of two spacious 2-bedroom/1-bath units and one 1-bedroom/1-bath unit. The property is ideally suited for an owner-occupant seeking supplemental rental income while enjoying the benefits of living just moments from the beach, Alamitos Bay, and the vibrant dining and retail corridor along 2nd Street. Income-producing properties in Belmont Shore are highly sought after due to the area’s limited inventory, walkability, and strong rental fundamentals. Residents are drawn to the coastal lifestyle, excellent neighborhood amenities, and convenient access to major employment centers throughout Long Beach and Orange County. Whether positioned as a long-term hold, lifestyle investment, or strategic owner/user acquisition, this property offers the ability to generate stable income while benefiting from the long-term appreciation historically associated with prime coastal real estate.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $2,000 | - |
| 2+1 | 1 | $1,995 | - |
| 1+1 | 1 | $1,800 | - |
Property Taxes
| Parcel Number | 7249-028-014 | Improvements Assessment | $223,415 |
| Land Assessment | $335,142 | Total Assessment | $558,557 |
Property Taxes
Parcel Number
7249-028-014
Land Assessment
$335,142
Improvements Assessment
$223,415
Total Assessment
$558,557
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