Under Contract

1052 Belmont

Long Beach, CA 90804

$1,790,000 $7,546/Mo

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Overview

Bed

Bath

5,997

Sqft

5,791

Sqft(Lot)

Description

1052 Belmont Avenue is a high-quality, townhouse-style triplex built in 1989 by the original owner-builder. Offered for sale for the first time, this well-maintained 3-unit property includes three 3-bedroom, 3-bath residences and stands out as one of the most unique and versatile investment opportunities in Long Beach. The property totals approximately 6,000 square feet of living space and features pride of ownership throughout. The largest unit that is approx. 2400 SF has been rehabbed and will be delivered vacant at close of escrow, offering the opportunity for immediate owner occupancy or lease-up at market rents. The remaining two units are occupied by long-term tenants and provide stable cash flow with clear upside due to below-market rents. Each unit includes an attached two-car gara ge, interior laundry, fireplace, dining area, balcony, and generous closet space. In addition to the six garage spaces, the property offers four on-site parking spaces. All units are separately metered, and tenants are responsible for their own utilities, making this a low-maintenance asset ideal for both seasoned and first-time investors. A 16.7% immediate scheduled income increase between the vacant renovated unit and the other two units supports a projected 5.55% CAP rate and 12.64 GRM. With strong curb appeal, solid infrastructure, flexible use as an investment or owner-occupied residence, and the possibility of condo conversion, 1052 Belmont Avenue presents a rare opportunity to acquire a stabilized asset with both immediate and long-term upside in one of Long Beach’s most supply-constrained submarkets. The property is ideally located near the Traffic Circle, California State University of Long Beach, Wilson High School, Recreation Park Golf Course, and the shops and restaurants of 2nd Street, offering convenient access to some of the city’s most desirable amenities.

Property Details

Property Type : Residential Income

Price : $1,790,000

AD Id : 77080745

MLS Id : PW26073641

Beds : 9

Lot Size : 5,791 Sqft

Living Area Size : 5,997

Year Built : 1989

Garage : 6

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Water/Sewer

Water Source: Public Sewer: Sewer Tap Paid
Interior Features

Exterior Property Features: Lighting Interior Features: Balcony,Ceiling Fan(s),Cathedral Ceiling(s),High Ceilings,Recessed Lighting,Bar,Walk-In Closet(s) Windows: Blinds,Skylight(s) Fireplace: Gas,Living Room Flooring: Vinyl
Heating Source

Wall Furnace Has Heating

Fireplace

Fireplace Features: Gas,Living Room Has Fireplace: 1

Building Information

Year Built: 1989 Building Area Total: 5,997 Construction: Stucco
Exterior Features

Lighting
Pool Features

None

Laundry Features

Inside

Fencing

Block

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1329 Lot Size Dimensions: 45'x131'
Lot Size Source: Assessor Lot Size Square Feet: 5791

Listing Price Information

Original List Price: 1,790,000 Listing Contract Date: 2026-04-15
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 7254007009

Garage and Parking

Garage Description: Direct Access,Garage,Garage Faces Rear,Side By Side

Homeowners Association
Rental Info

Lease Term: Negotiable Tenant Pays: All Utilities

Other Property Info

Source Listing Status: Active Under Contract Source Neighborhood: 3 - Eastside, Circle Area Directions: West of Ximeno Ave., North of 10 street Source Property Type: Residential Income Area: 3 - Eastside, Circle Area Property SubType: Triplex
Building and Construction

Property Age: 37 Common Walls: 2+ Common Walls,No One Above Property Condition: Turnkey Structure Type: Triplex Year Built Source: Assessor Entry Level: 1 Entry Location: Street level Property Attached: Yes Levels or Stories: Two,Multi/Split Building Total Stories: 2

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
1717 Temple Avenue, Long Beach, CA, 90804	$1,850,000	9	9	4,746	4,746 SqFt
1717 Temple Avenue, Long Beach, CA, 90804	$1,850,000	9	7	4,746	4,746 SqFt
1123 Ohio, Long Beach, CA, 90804	$1,490,000	9	4.5	3,720	3,720 SqFt

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ByOwner last updated this listing 06/12/2026 @ 07:14

MLS: PW26073641 LISTED BY: Moe Shahbani, Coldwell Banker Realty 562-494-4600 SOURCE: CRMLS