SeaGlass Apartments is a rare 12-unit multifamily investment property located in the unparalleled Belmont Heights neighborhood of Long Beach, CA. Renovated in 2016, SeaGlass Apartments offers a diverse mix of studio, one, and two-bedroom bungalow style floor plans as well as amenities including a secured entry way, garage parking spaces,… Read More an on-site laundry facility, and ocean views from select units. Ownership has completed modern updates to both the interior and exterior of the property including plumbing, electrical, and windows as well as renovated the interiors to feature premium finishes. SeaGlass Apartments boasts an impressive Walk Score of 86, being steps away from Belmont Veterans Memorial Pier, a Vons grocery store, Belmont Shore’s 2nd Street, Long Beach City Beach, & the Bluff Park Walk. Residents enjoy the property’s idyllic location within walking distance of an abundance of retail, dining, and entertainment options at Belmont Shore’s 2nd Street. SeaGlass Apartments is just over 0.25 miles from Belmont Plaza Pool, a major venue for the 2028 Olympic and Paralympic Games. Furthermore, residents enjoy SeaGlass Apartments’ close proximity to Pacific Coast Highway, providing easy access to neighboring coastal cities and employment hubs. The property’s ideal Belmont Heights location surrounded by an abundance of recreational, entertainment, and retail amenities is a primary draw for potential renters. This overall demand for well-located rental units will be a key driver in the continued growth and success at SeaGlass Apartments. Read Less
Property listed by Marcus & Millichap RE Invest, Tyler Leeson [email protected]
Listing Snapshot
Days Online
2
Last Updated
Property Type
Apartment
Lot Size
0.18 Acres
Year Built
1923
MLS Number
OC25071905
Additional Details
Building
Built in 1923, Building area total: 6,310, Levels: Two, 2 stories, 1 building, Common walls: NoCommonWalls
Community
Curbs, Gutters, Sidewalks
Expenses
Electric expense: $1,704, Fuel expense: $1,704, Insurance expense: $8,400, Maintenance expense: $8,400, New taxes expense: $50,787, Operating expense: $94,069, Trash expense: $1,704, Water sewer expense: $1,704, Other expense: $8,749
Garage
4 spaces
Income
Gross income: $281,127, Net operating income: $178,845
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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