Long Beach, CA 90803,43 Belmont AVE
$1,120,000
Est. payment /mo
Est.Price: ?

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3,136 Sqft Lot
SOLD DATE : 05/02/2016

Key Details

Sold Price $1,120,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Belmont Shore (Bsd)

MLS Listing ID PW15255150

Year Built 1932

Tax Year 2014

Lot Size 3,136 Sqft

Property Description

Charming 1932 Belmont Shore Spanish Duplex (plus a 3rd Unit over garage) would suit an owner/occupant or would make an savvy investor very happy! The main building has TWO bright & roomy 3 BEDROOM/2 BATH units w/ identical floor plans, ea about 1430 sf. Each has a living room, formal dining room, indiv laundry room, & breakfast room that could be 4th bed, office, or--as one unit is now using it--as a master closet! Some of the unique touches are Art Deco tile, coved ceilings, faux fireplace, wall sconces, chandeliers, glass knobs on doors, & a butler's pantry in the breakfast room. In addition, there is an approx. 500 sf 1-BEDROOM/1-BATH sunny unit over the 3 GARAGES. While not included in the sq footage, it makes the CAP RATE even more favorable! This inviting income property is an easy walk to popular Belmont Shore's shopping & dining, the Belmont Pier, Belmont Pool, grocery stores & only 1/2 BLOCK TO THE OCEAN. Either of the 3-bedroom units would make a great owners' unit (ocean view from upper!), & the income from the other units would allow for an economic way to live in the Shore! (Current rents are under market value.) 3 Garages=a Plus! Cap rate very favorable for this area! (See floor plan/VTour)

Location

State CA

County Los Angeles

Area 1 - Belmont Shore/Park, Naples, Marina Pac, Bay Hrbr

Interior

Heating Electric, Wall Furnace

Cooling None

Flooring Tile, Vinyl, Wood

Fireplaces Type Living Room

Laundry Washer Hookup, Gas Dryer Hookup, Laundry Room

Exterior

Parking Features Garage

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Curbs, Street Lights, Sidewalks

Utilities Available Sewer Available

Waterfront Description Ocean Side Of Highway

View Y/N Yes

View Neighborhood

Roof Type Spanish Tile

Building

Story Two

Foundation Raised

Water Public

Others

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Anne Marie Reggie • Keller Williams Coastal Prop.
Bought with Todd Turley • Main Street Realtors

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Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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