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3522-3536 E Broadway
Long Beach, CA 90803 Belmont Heights

$2,400,000 USD

Apartments For Sale  •  7,562 SF

Property Details

  • Property Type Apartments
  • Total Building Size 7,562 SF
  • Lot Size 0.14 AC
  • Building Class C
  • Year Built 1923
  • Cap Rate 4.72 %
  • Zoning CNP, Long Beach
40 Transit Score
70 Walk Score

Highlights

Great location near Belmont Shore, Recreation Park.
Convenient access to shopping, public transportation..
Most tenants are leasing month-to-month.
Rental rate for many units in considerably below market rate.

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $145,587 USD (2027)
Cap Rate: 4.72 %
Total Expenses: $96,669 USD

Amenities

  • 24 Hour Access
  • Balcony
  • Controlled Access
  • Laundry Facilities
  • Tenant Controlled HVAC
  • Range
  • Tub/Shower
  • Views
  • Vinyl Flooring
  • Window Coverings
  • Private Bathroom
  • Walk-Up
  • Smoke Detector

Public Transportation

AirportDriveWalkDistance
Long Beach (Daugherty Field) 10 min - 5.1 mi
John Wayne/Orange County 27 min - 18.6 mi
Los Angeles International 34 min - 23.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 1
Type: OneCarGarage
Included in Rent: Yes
Carl Reinhart 714-404-8020 Carl H. Reinhart, Real Estate Broker
Carl Reinhart 714-404-8020 Carl H. Reinhart, Real Estate Broker