About this home

An exceptional investment opportunity in one of Long Beach's most coveted coastal neighborhoods - just two blocks from the beach. This well-maintained 13-unit apartment building offers the perfect blend of lifestyle appeal and strong income performance, with all units leased at or close to market rents. The property features one penthouse unit with two bedrooms, one bath and a deck. Additional there are twelve spacious one-bedroom, one-bath residences. Approximately 80% of units have been thoughtfully remodeled and upgraded, reflecting pride of ownership throughout. Every unit has two walk in closets and dining areas while top-floor units feature cozy fireplaces. Select front-facing units offer private balconies and sweeping ocean views, while several side units capture partial ocean vistas. Many units feature charming bay kitchen windows, flooding living spaces with natural light and coastal breezes. On-site is a dedicated laundry facility with two washers and two dryers. Offered at approx $457,000 per unit, this property carries a current cap rate of 4.33% with a pro forma cap rate of 5.17% - reflecting meaningful upside rents continue to rise in this high-demand coastal corridor. With its unbeatable Belmont Shore location, strong rental demand, and move-in ready condition, this is a rare opportunity to acquire a turnkey coastal asset with lasting appreciation potential.

Facts and features

Schools

• Fremont Elementary School

  elementary · K-5 · 0.7 mi

  8

• Rogers Middle School

  middle · 6-8 · 0.9 mi

  8

• Wilson High School

  high · 9-12 · 1.2 mi

  6

• Bay Shore School

  elementary · K-12 · 0.7 mi

• Mann Elementary School

  elementary · K-5 · 0.6 mi

  7

• Lowell Elementary School

  elementary · K-5 · 0.9 mi

  7

Price history

• Aug 16, 2026 · Price Changed$4,950,000
• Jun 22, 2026 · Listed$5,950,000
• Jun 29, 2018 · Sold$4,000,000
• Apr 6, 2018 · Listed$4,150,000
• May 30, 2012 · Listing Removed$2,549,000
• Mar 1, 2012 · Listed$2,549,000
• Jan 29, 2011 · Listing Removed$2,295,000
• Oct 20, 2010 · Price Changed$2,295,000

Tax history

• 2025$60,312 tax · $4,642,338 assessed
• 2024$57,689 tax · $4,551,313 assessed
• 2023$56,712 tax · $4,374,582 assessed
• 2022$53,198 tax · $4,288,806 assessed
• 2021$52,142 tax · $4,204,713 assessed
• 2020$52,007 tax · $4,161,600 assessed
• 2019$51,393 tax · $4,080,000 assessed
• 2018$34,431 tax · $2,690,335 assessed

Home value

$5,644,534

• Quantarium$5,644,534

Where it is