917 Belmont Avenue

  • Long Beach

  • $950,000
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Residential Income Details

Description
Two great houses in Alamitos Heights on a large lot (zoned R2). 917 Belmont is a quaint 2 bedroom, 1 bath house (approx. 750 s.f) with a detached one car garage and an enourmous front yard. 921 Belmont consists of a main house (approx. 850 s.f) with 2 bedrooms and 2 full bathrooms and a back studio, with a kitchenette and a full bath (approx. 350 s.f) PLUS a 2-car garage. 921 Belmont really functions as a 3 bed / 3 bath property. The houses, located on one of the quietest streets as there is no direct access off of 7th Street, sit side by side, and do not share any common walls. Recent upgrades include: 917 Belmont - front landscaping and irrigation system. 921 Belmont - front and back landscaping and irrigation, one new bathroom, refurbished hardwood floors, vinyl windows and a newer kitchen. Both houses have solar panels that are 100% owned (no lease) and result in a near zero electric bill for the tenants. Both houses have A/C. The tenant in 917 is MTM. The tenant in 921 is under a 1 year lease that expires on 1-31-2019. The nearby greenbelt (former Red Line right-of-way) provides a nice place to relax, play catch, or walk the dogs. Existing cap rate on actual rents of 3.7% and 4.3% based upon market rents.
Essential
MLS #PW18142121
Price$950,000
Number of Units2
Sale TypeStandard
StatusActive Under Contract
Listing BrokerageBryant Drive Properties, Inc.
Listing AgentWilliam Smith
Listing Agent BRE #01431853
Interior
FloorConcrete,Wood
CoolingCentral,Gas
HeatingCentral Furnace
FireplaceLiving Room,Wood
Exterior
Garage Spaces3
PoolNone
Community
Area2 - Belmont Heights, Alamitos Heights
TractAlamitos Heights (AH)
CommunityUrban
Address917 Belmont Avenue
CityLong Beach
CountyLos Angeles
StateCA
ZipCode90804
School

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Based on information from California Regional Multiple Listing Service, Inc. as of Thursday, July 26, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.