259 Park Ave - Apartments FOR SALE


Long Beach, CA 90803- Belmont Heights
$3,300,000 USD
310-490-8134
259 Park Ave, Long Beach, CA for Sale
$3,300,000 USD
Apartments - FOR SALE
1/36
null | 4.01% Cap Rate

259 Park Ave
Long Beach, CA 90803
Belmont Heights


HIGHLIGHTS

  • Incredible location! Minutes from second street/Belmont shore and Ocean!
  • Front building Beautifully renovated/Turnkey - Rear building brand new construction!
  • Onsite parking - In unit laundry - Mini-split/heating and air throughout all units - High end appliances throughout!

OVERVIEW

A Masterfully Reimagined Investment Opportunity: Step into the heart of Belmont Heights—Long Beach’s most sought-after and architecturally rich enclave—where historic charm seamlessly blends with modern refinement. This exceptional multifamily estate has been extensively transformed, combining timeless elegance with high-end finishes to set a new standard for turnkey investment excellence. A rare opportunity for the selective investor, offering both lasting value and sophistication. This premier fourplex has been extensively renovated with premium finishes, providing the perfect mix of classic charm and contemporary luxury. The charming Spanish-style duplex has been fully updated for modern living, featuring all-new gourmet kitchens, beautifully remodeled bathrooms, luxury vinyl plank flooring, mini-split climate control systems, upgraded electrical, and entirely new plumbing throughout. Further adding to the property’s value and versatility are two newly constructed accessory dwelling units (ADUs), seamlessly integrated into the estate. Each ADU is designed for privacy, functionality, and aesthetic appeal, with private in-unit laundry, well-appointed interiors, and thoughtful floor plans that offer both comfort and efficiency. Additionally, the property includes four generously sized garages, providing secure parking and added convenience for tenants or owners. The craftsmanship and attention to detail are evident in every corner—too many enhancements to list here. Please inquire for a full list of improvements!

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$1,178 USD /SF

# OF UNITS

4

PRICE/UNIT

$825,000

CAP RATE

4.01%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2025

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,334 SF

ZONING

LBR1N

APN/PARCEL ID

7250-011-022

ASK ABOUT THIS PROPERTY

Cameron JacquesKinnery's Brokerage House and Elite PropertyMore Info
310-490-8134

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Cameron JacquesKinnery's Brokerage House and Elite PropertyMore Info
310-490-8134

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