4018-4022 E Vermont St - Apartments FOR SALE


Long Beach, CA 90814- Belmont Heights
$1,650,000 USD
562-269-4844
4018-4022 E Vermont St, Long Beach, CA for Sale
$1,650,000 USD
Apartments - FOR SALE
1/11
null | 3.2% Cap Rate

4018-4022 E Vermont St
Long Beach, CA 90814
Belmont Heights


HIGHLIGHTS

  • Excellent curb appeal and location in Belmont Heights
  • Walking distance to both 2nd Street, the beach and Belmont Pier
  • (1) 3 bed + 3 bath unit, (1) 1 bed + 1 Bath unit and (1) detached 2 bed + 1.5 bath house
  • Detached house will be delivered vacant at close of escrow
  • Perfect for investor or for buyer to live in one unit and collect rent from the other two

OVERVIEW

4018-4022 E Vermont St represents the opportunity to acquire a rare legacy asset in an excellent Belmont Heights submarket. This well-maintained 3-unit multifamily property is positioned in a prime location right on the border of the affluent communities of Belmont Heights and Belmont Shores. Built in 1922, the building boasts an impressive 3,096 rentable square feet and is situated on a large 6,749 square foot lot. In addition to the location, the property has a few characteristics that make it unique. The unit mix comprises of (1) 3 bed + 3 bath unit, (1) 1 bed + 1 bath unit and a 2 bed + 1.5 bath detached house. There is a garage and ample parking on the driveway. Two of the three units are rented to long term tenants. The third unit which is a detached home will be delivered vacant at close of escrow providing flexibility for a buyer to either immediately move in or rent it for top of market rent. There is large yard between the front and back building and the home in the back also has access to a private fenced yard making it perfect for pets or small children.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$533 USD /SF

# OF UNITS

3

PRICE/UNIT

$550,000

CAP RATE

3.2%

% LEASED

66%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Belmont Heights Prime Location!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1922

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,564 SF

ZONING

LBR1N

APN/PARCEL ID

7255-020-003

ASK ABOUT THIS PROPERTY

Spencer AllenCentennial AdvisersMore Info
562-269-4844

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Spencer AllenCentennial AdvisersMore Info
562-269-4844

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