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Investment Highlights
- Email the listing agent for Offering Memorandum.
Executive Summary
Well-located 4-unit income property in the Greenbelt Heights pocket of Long Beach's Recreation Park neighborhood, just north of Belmont Heights. All four units are large 2-bed/1-bath floor plans with in-unit laundry, an individual water heater, and separate gas and electric meters. Two units are fully renovated with new kitchens, baths, flooring, appliances, and laundry hookups; the other two are occupied by long-term residents. Unit D includes a private, 600+ SF fenced sun deck. Seven total parking spaces: 3 single-car garages with tandem driveway parking, plus 1 open space. Currently producing $115,260 in annual rent. Ideal owner-user play – live in one unit and let the other three help cover the mortgage (FHA/conventional financing may apply on 4 units or fewer – verify with lender). Minutes to Recreation Park, Colorado Lagoon, Marine Stadium, Belmont Shore's 2nd Street, CSULB, and Wilson High School. Buyer to verify all information.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,649,000 | Building Class | C |
| Price Per Unit | $412,250 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 3,320 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1961 |
| Apartment Style | Garden | ||
| Zoning | R3 - restricted Density Multiple Dwelling | ||
| Price | $1,649,000 |
| Price Per Unit | $412,250 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,320 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1961 |
| Zoning | R3 - restricted Density Multiple Dwelling |
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Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 7254-016-003 | Improvements Assessment | $496,834 (2026) |
| Land Assessment | $1,104,080 (2026) | Total Assessment | $1,600,914 (2026) |
Property Taxes
Parcel Number
7254-016-003
Land Assessment
$1,104,080 (2026)
Improvements Assessment
$496,834 (2026)
Total Assessment
$1,600,914 (2026)
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Contact the Sale Advisor
817 Mira Mar Ave



