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241 Lindero Ave
Long Beach, CA 90803 Belmont Heights

$1,800,000 USD

Apartments For Sale • 5,614 SF

Property Details

Property Type Apartments
Total Building Size 5,614 SF
Lot Size 0.13 AC
Building Class B
Year Built 1969
Cap Rate 6.30 %
Zoning LBR2A

40 Transit Score

60 Walk Score

                
                    Highlights
                
                                Prime coastal location approximately 3 blocks from the beach. Walk Score of 94 with easy access to shops, dining, and cafés along Broadway.
                            
                                Exterior of fourplex and detached garage freshly painted. Exterior light fixtures updated for improved curb appeal.
                            
                                Close proximity to Belmont Shore, 2nd Street, Shoreline Village, Downtown Long Beach, and Long Beach Marina.
                            
                                Roof replaced approximately 5 years ago. One electrical panel has been updated. Section 1 termite clearance completed in 2026.
                            
                                Two 2-car garages providing four garage spaces. Additional dedicated parking space for the 3-bedroom unit.
                            
                                One unit currently vacant for owner-occupant or lease-up opportunity. Downstairs 2-bedroom unit recently remodeled with updated kitchen, and bathroom.

Property Flyers

241 Lindero Ave - OM

241_Lindero Ave_Flyer

Financial Summary (Actual)

Net Operating Income: $85,339 USD (2025)

Cap Rate:	6.30 %
Total Expenses:	$8,291 USD

Amenities

Laundry Facilities

Public Transportation

Airport	Drive	Walk	Distance
Long Beach (Daugherty Field)	11 min	-	4.5 mi
John Wayne/Orange County	30 min	-	20.1 mi
Los Angeles International	36 min	-	23.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	4
Type:	OneCarGarage
Included in Rent:	Yes

Jon Perez 714-696-8090 First Team Real Estate

241 Lindero Ave Long Beach, CA 90803 Belmont Heights