3921 E Livingston Dr - Apartments FOR SALE


Long Beach, CA 90803- Belmont Heights
$4,950,000 USD
818-468-8908
3921 E Livingston Dr, Long Beach, CA for Sale
$4,950,000 USD
Apartments - FOR SALE
1/25
null | 5.2% Cap Rate

3921 E Livingston Dr
Long Beach, CA 90803
Belmont Heights


HIGHLIGHTS

  • Prime Coastal Area
  • Seller will carry with 5% interest rate

OVERVIEW

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 closet to market rents. The property features a penthouse unit with two bedrooms, one bath, and deck ,complemented by twelve spacious one-bedroom, one-bath residences. Approximately 80% of units have been thoughtfully remodeled and upgraded, reflecting pride of ownership throughout. Every unit enjoys the convenience of two closets, a dedicated dining area while top-floor units feature cozy fireplaces — Select front-facing units offer private balconies and 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. The building has an on site laundry facility with two washers and two dryers, plus an ample storage room. Offered at just $380,769 per unit this property carries a current cap rate of 5.2% with a pro forma cap rate of 6.19% — reflecting meaningful upside as leases turn over and 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.

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$548 USD /SF

# OF UNITS

13

PRICE/UNIT

$380,769

CAP RATE

5.2%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1923

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

R4,R1, Long Beach

APN/PARCEL ID

7256-003-024

ASK ABOUT THIS PROPERTY

Linda NeinoEngel & VolkersMore Info
818-468-8908

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Linda NeinoEngel & VolkersMore Info
818-468-8908

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