230 Nieto Ave - Apartments FOR SALE


Long Beach, CA 90803- Belmont Shore
$1,750,000 USD
714-292-6478
230 Nieto Ave, Long Beach, CA for Sale
$1,750,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

230 Nieto Ave
Long Beach, CA 90803
Belmont Shore


OVERVIEW

Investment highlights: Belmont Shore continues to stand out as one of the most desirable coastal rental markets in Southern California, offering a rare combination of lifestyle appeal, strong tenant demand, and long-term investment stability. This well-located triplex presents an outstanding opportunity for both investors and owner/users, featuring an attractive unit mix of two spacious 2-bedroom/1-bath units and one 1-bedroom/1-bath unit. The property is ideally suited for an owner-occupant seeking supplemental rental income while enjoying the benefits of living just moments from the beach, Alamitos Bay, and the vibrant dining and retail corridor along 2nd Street. Income-producing properties in Belmont Shore are highly sought after due to the area’s limited inventory, walkability, and strong rental fundamentals. Residents are drawn to the coastal lifestyle, excellent neighborhood amenities, and convenient access to major employment centers throughout Long Beach and Orange County. Whether positioned as a long-term hold, lifestyle investment, or strategic owner/user acquisition, this property offers the ability to generate stable income while benefiting from the long-term appreciation historically associated with prime coastal real estate.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$621 USD /SF

# OF UNITS

3

PRICE/UNIT

$583,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Belmont Shore Triplex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,068 SF

ZONING

LBR2S

APN/PARCEL ID

7249-028-014

ASK ABOUT THIS PROPERTY

Jason DufaultKW CommercialMore Info
714-292-6478

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Jason DufaultKW CommercialMore Info
714-292-6478

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.