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3020 E 3rd St
Long Beach, CA 90814 Belmont Heights

$7,000,000 USD

Apartments For Sale  •  9,650 SF

Property Details

  • Property Type Apartments
  • Total Building Size 9,650 SF
  • Lot Size 0.17 AC
  • Building Class B
  • Year Built 1963
  • Cap Rate 5.00 %
  • Zoning R-2-A
45 Transit Score
92 Walk Score

Highlights

Fully rebuilt in 2024, this 15-unit Bluff Heights asset delivers essentially new construction quality with modern systems and designer interiors
Market rents support a 13.88 GRM versus the current 14.45 GRM, offering clear upside potential.
No deferred maintenance: new plumbing, electrical, roof, facade, and fully modernized systems throughout.
Positioned in prime Bluff Heights near the coast, retail corridors, and major employment hubs.
8 parking spaces behind the asset on a 24-month lease agreement provides residents parking.

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $348,599 USD (2025)
Cap Rate: 5.00 %
Total Expenses: $121,308 USD

Major Tenants

Tenant SF Occupied Lease End Date
Moon Living Trust

Amenities

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Controlled Access
  • Courtyard
  • Dishwasher
  • Fenced Lot
  • Microwave
  • Security System
  • Tenant Controlled HVAC
  • Washer/Dryer
  • Washer/Dryer Hookup
  • Heating
  • Recycling
  • Ceiling Fans
  • Tile Floors
  • Eat-in Kitchen
  • Kitchen
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Wi-Fi
  • Online Services
  • Freezer
  • Instant Hot Water
  • Vinyl Flooring
  • Individual Locking Bedrooms

Public Transportation

AirportDriveWalkDistance
Long Beach (Daugherty Field) 11 min - 5.0 mi
John Wayne/Orange County 29 min - 19.7 mi
Los Angeles International 35 min - 23.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 8
Type: SurfaceTandem
Included in Rent: Yes
Matthew Firth 562-760-9447 Terrace Property Management INC
Matthew Firth 562-760-9447 Terrace Property Management INC