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Listed by Mike Marcu • Mike Marcu, Broker
$11,700,000
Est. payment /mo
0.38 Acres Lot
New
3641 E 1st ST Long Beach, CA 90803
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC25194563
Year Built 1971
Lot Size 0.379 Acres
Source California Regional MLS
Property Description
Belmont Heights stands as one of Long Beach's 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 area's unique character, vibrant community feel, and unmatched lifestyle amenities, including 2nd Street's 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,
Location
State CA
County Los Angeles
Area 2 - Belmont Heights, Alamitos Heights
Interior
Laundry Laundry Area, Washer/Dryer - Leased
Exterior
Parking Features Assigned Spaces
Garage Spaces 35.0
Pool None
Building
Story Three or More Stories
Water District - Public
Others
Tax ID 7256005084
Special Listing Condition Not Applicable
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