Marcus & Millichap is pleased to present a Duplex multifamily property. Built in 1947, the subject property consists of 2,276 rentable square feet spread throughout a
3,649 square foot lot and a half. The building consists of two 2-bedroom / 1-bathroom units. It contains two garages and two spaces providing ample on-site parking for
this location.
Tenants enjoy living in the Belmont shore Neighborhood East of Downtown Long Beach, a short distance to local beaches, California State University of Long Beach, as
well as shopping, restaurants, and nightlife. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach
port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. The city is undergoing a building boom
with more than $5 billion in private and public investments in various stages of development. The new $520 million Long Beach Civic Center development will house a
new City Hall, Port of Long Beach headquarters and the Main Library. Long Beach sustains its ability to attract renters due to its strong economy and quality of life.