Description

Classic 8-unit beachside investment located on a quiet one-way street just off Ocean Boulevard in one of Long Beach’s most desirable coastal neighborhoods, ideally positioned between Belmont Shore and Alamitos Beach. The property sits just steps from the sand, with volleyball courts directly across the street, bike and walking paths, parasailing activities, Dog Beach, and Monty’s on the Beach restaurant right on the oceanfront. The building features eight spacious studio (bachelor) units with bright, open layouts, excellent natural light, and classic 1990s character that continues to attract strong tenant demand. Units offer a timeless coastal feel with functional floor plans. On-site laundry provides additional income for ownership. While there is no on-site parking, the property benefits from easy street parking and exceptional walkability, allowing tenants to walk to the beach, cafés, markets, and local shops. A 7-minute walk leads to the vibrant Belmont Shore 2nd Street corridor, known for its restaurants, boutiques, nightlife, and year-round community events. Supermarkets and daily conveniences are nearby. The property is also close to public transportation, offering access throughout Long Beach and convenient connections to Downtown Los Angeles and surrounding employment centers. Its coastal location and proximity to transit position the property well for long-term demand and future growth, including increased activity tied to the 2028 Los Angeles Olympic Games. A solid, low-maintenance investment with stable tenants, steady income, and upside potential through interior upgrades in a supply-constrained beachside market. Properties this close to the ocean in Belmont Shore rarely come to market.