Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1970
Sq.Footage
N/A
Belmont Heights is one of Long Beach’s most desirable and supply-constrained coastal submarkets. Known for its historic architecture, walkable streets, and proximity to the beach, the neighborhood continues to attract a high-quality tenant base made up of professionals, retirees, and renters-by-choice. Residents are drawn to the area’s unique charm, community feel, and lifestyle amenities, including easy access to 2nd Street’s dining and retail, Bluff Park, and California State University, Long Beach. With consistently strong occupancy and rent growth, Belmont Heights represents one of the most enduring and stable multifamily markets in Southern California. The Euclid Apartments present an opportunity to acquire a well-located and fundamentally strong asset in the heart of this prestigious neighborhood. The property is comprised of 24 spacious one-bedroom units averaging approximately 750 square feet, along with three two-bedroom, two-bath units averaging 1,300 square feet. All units are individually metered, all-electric, and equipped with individual water heaters, providing operational efficiency and ease of management. The community offers 26 secured parking spaces, laundry rooms on every floor, and elevator service. With a newer roof and several major systems already in place, the property provides a solid foundation for future improvements. Currently in clean and functional condition, the Euclid Apartments are primed for repositioning through targeted interior and exterior upgrades. Investors have the opportunity to enhance rental income by modernizing unit interiors, improving common areas, and elevating the overall curb appeal. The strength of Belmont Heights as a supply-constrained, rent-growth-driven submarket amplifies the upside potential, allowing buyers to capture both near-term renovation-driven NOI growth and long-term appreciation. Ultimately, the Euclid Apartments represent a rare chance to establish or expand a foothold in Belmont Heights. The combination of location, resident demand, operational strength, and clear value-add potential make this offering a compelling investment opportunity in one of Long Beach’s most resilient and sought-after neighborhoods.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Pet friendly
N/A
Exterior
-
Garage
Yes
-
Garage spaces
27
-
Parking
Assigned
-
Pool
Yes
-
Pool Features
None
Area & Lot
-
Lot Features
Near Public Transit
-
Lot Size(acres)
0.2986
-
Property Type
Residential Income
-
Property Sub Type
Apartment
Price
-
Sales Price
$8,350,000
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
4
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
9
-
Water Source
Public
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Location
County
Los Angeles
Elementary School
Middle School
High School
Listing Courtesy of Mike Marcu , Mike Marcu, Broker
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