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Listed by Mike Marcu • Mike Marcu, Broker
$ 8,350,000
Est. payment | /mo
21,900 SqFt
$ 8,350,000
Est. payment | /mo
21,900 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 21,900 sqft
Price per Sqft $381
MLS Listing ID CROC25194420
HOA Y/N No
Year Built 1970
Lot Size 0.299 Acres
Property Sub-Type Other
Source Datashare California Regional
Property Description
Belmont Heights is one of Long Beach's most desirable and supply-constrained coastal submarkets. Known for its historic architecture, walkable streets, and proximity to the beach, the neighborhood continues to attract a high-quality tenant base made up of professionals, retirees, and renters-by-choice. Residents are drawn to the area's unique charm, community feel, and lifestyle amenities, including easy access to 2nd Street's dining and retail, Bluff Park, and California State University, Long Beach. With consistently strong occupancy and rent growth, Belmont Heights represents one of the most enduring and stable multifamily markets in Southern California. The Euclid Apartments present an opportunity to acquire a well-located and fundamentally strong asset in the heart of this prestigious neighborhood. The property is comprised of 24 spacious one-bedroom units averaging approximately 750 square feet, along with three two-bedroom, two-bath units averaging 1,300 square feet. All units are individually metered, all-electric, and equipped with individual water heaters, providing operational efficiency and ease of management. The community offers 26 secured parking spaces, laundry rooms on every floor, and elevator service. With a newer roof and several major systems already in place
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Other
Building
Lot Description Other
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Vander Meulen Real Estate Group
Broker, REALTOR® | Lic# 00842213 | Lic# 02150745