3817 E Livingston Dr - Apartments FOR SALE


Long Beach, CA 90803- Belmont Heights
$4,095,000 USD
714-713-9086
3817 E Livingston Dr, Long Beach, CA for Sale
$4,095,000 USD
Apartments - FOR SALE
1/12
null | 4.37% Cap Rate

3817 E Livingston Dr
Long Beach, CA 90803
Belmont Heights


HIGHLIGHTS

  • Desirable Unit Mix of Studio, One, & Two-Bedroom Floor Plans | Four Garage Spaces, Providing Ownership with an Additional Revenue Stream
  • Updated Major Building Systems Including Plumbing, Electrical, & Windows
  • Select Units Offer Ocean Views, a Highly Sought After Amenity | Located Just 200 Feet from a Vons Grocery Store
  • Controlled Access Property with an On-Site Laundry Facility
  • Unparalleled Belmont Heights Location, Just Steps from the Pier
  • Just Under Half-a-Mile from Belmont Shore’s Famous 2nd Street, Home to an Eclectic Mix of Shops and Restaurants

OVERVIEW

The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire SeaGlass Apartments, 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, 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. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

FOR SALE DETAILS

PRICE

$4,095,000 USD

PRICE/SF

$649 USD /SF

# OF UNITS

12

PRICE/UNIT

$341,250

CAP RATE

4.37%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

SeaGlass: Assumable Chase Financing

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,901 SF

ZONING

R4R, Long Beach

APN/PARCEL ID

7256-003-016

ASK ABOUT THIS PROPERTY

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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Tyler LeesonMarcus & MillichapMore Info
714-713-9086

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.