We are proud to offer a Turn Key six-unit apartment in the heart of Belmont Heights in the city of Long Beach. The subject property is located at 720 Belmont Avenue, one street East of Termino Avenue, one block North of 7th Street. This investment consists of 3 one bedrooms/ one-bathroom units and 3 Junior one bedrooms/ one-bathroom well maintained units. Built in 1988, this property is a two-story walk up style building with private carports and approximately 3,559 rentable square feet. With condo style amenities such as fireplaces, dishwashers, vaulted ceilings, and small office/ dens each unit provides a living space that attracts a professional tenant base.
Located within close proximity to numerous restaurants and shopping corridors this property offers an investor the rare opportunity to acquire a Turn Key income property in a strong rental market in the most desirable community of Belmont Heights. With rents over 10% below market value, an investor looking to add value could dramatically improve their cash flow by bumping rents up to market rate thus making this acquisition a valuable addition to any investors portfolio. Listed by Justin White, Justin White.