3641 E 1st Street, Long Beach, CA 90803

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Glen Henderson

[email protected] +1(619) 889-7646

$11,700,000

Est. payment - /mo

6 Beds

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25194563

Bedrooms 6

Property Sub-Type Res Income 2-4 Units

Type of Financing Cash

Property Type Res Income 2-4 Units

Property Description

Belmont Heights stands as one of Long Beachs most desirable and supply-constrained coastal submarkets. Renowned for its historic architecture, walkable streets, and proximity to the shoreline, this neighborhood continues to attract a stable and high-quality tenant base. Professionals, retirees, and renters-by-choice are drawn to the areas unique character, vibrant community feel, and unmatched lifestyle amenities, including 2nd Streets dining and retail corridor, Bluff Park, and California State University, Long Beach. With its consistent track record of strong occupancy and rent growth, Belmont Heights remains one of the most enduring multifamily markets in Southern California. The Versailles Apartments present an investor with a rare opportunity to acquire a well-positioned, 36-unit community in this coveted submarket. The property offers a diverse mix of units, including three studio (600 SF), twenty-seven one-bedroom (750 SF), three two-bedroom/two-bath unit (1,200 SF), and three three-bedroom/two-bath units (1,400 SF). Designed with operational efficiency in mind, all units are individually metered for electricity, feature their own water heaters, and are supported by laundry facilities on each floor. Additional highlights include a secured parking garage with 36 spaces, elevator service, and a roof less than two years old. The fourth floor boasts ocean views and access to a rooftop balcony, enhancing the propertys long-term tenant appeal. Currently in clean and functional condition, the Versailles is primed for repositioning through targeted renovations. Strategic upg

Location

State CA

County Los Angeles

Zoning Assessor

Direction Redondo and 1st Street

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 4

Level or Stories 4

Others

Tax ID 7256005084

Acceptable Financing Cash

Listing Terms Cash

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Listed by Mike Marcu Mike Marcu, Broker

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

3641 E 1st Street Long Beach, CA 90803

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

Get More Information