3921 E Livingston,Long Beach, CA 90803
Long Beach, CA 90803
Description
An exceptional investment opportunity in one of Long Beach's most coveted coastal neighborhoods - just two blocks from the beach. This well-maintained 13-unit apartment building offers the perfect blend of lifestyle appeal and strong income performance, with all units leased at or close to market rents. The property features one penthouse unit with two bedrooms, one bath and a deck. Additional there are twelve spacious one-bedroom, one-bath residences. Approximately 80% of units have been thoughtfully remodeled and upgraded, reflecting pride of ownership throughout. Every unit has two walk in closets and dining areas while top-floor units feature cozy fireplaces. Select front-facing units offer private balconies and sweeping ocean views, while several side units capture partial ocean vistas. Many units feature charming bay kitchen windows, flooding living spaces with natural light and coastal breezes. On-site is a dedicated laundry facility with two washers and two dryers. Offered at approx $457,000 per unit, this property carries a current cap rate of 4.33% with a pro forma cap rate of 5.17% - reflecting meaningful upside rents continue to rise in this high-demand coastal corridor. With its unbeatable Belmont Shore location, strong rental demand, and move-in ready condition, this is a rare opportunity to acquire a turnkey coastal asset with lasting appreciation potential.
Details
| MLS # | GD26134832 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1923 |
| Days On Site | 115 |
| Listing Provided By | Engel & Volkers Burbank | Linda Neino |
Features
| SQ Feet | 9,024 |
|---|---|
| Story(s) | 3 |
| Units | 13 |
| Building(s) | 1 |
| Acreage | 0.09 |
| Property View | Yes |
Interior
| Heating | Wall Furnace |
|---|---|
| Heating Yes / No | Yes |
Exterior
| Lot Features | Paved |
|---|
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90803 |
| Area | 1 Belmont Shore | Park | Naples | Marina Pac | Bay Hrbr |
| Community Name | Belmont Shore (BSD) |
| Listing VS Median (in Belmont Shore (BSD)) | |
Price: $4,950,000 low | high Med: $2,549,000 sqft: 9,024 low | high Med: 2,960 $ / sqft: $549 low | high Med: $861 On site: 115 low | high Med: 159 | |
Market Activity 90803
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90803 |
| Area | 1 Belmont Shore | Park | Naples | Marina Pac | Bay Hrbr |
| Community Name | Belmont Shore (BSD) |
| Listing VS Median (in Belmont Shore (BSD)) | |
Price: $4,950,000 low | high Med: $2,549,000 sqft: 9,024 low | high Med: 2,960 $ / sqft: $549 low | high Med: $861 On site: 115 low | high Med: 159 | |
 | $4,900,0004915 E OceanLong Beach, CA 90803 |