The Key To Your South Bay Lifestyle
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930 Belmont Ave, Long Beach 90804

  • ID PROP-­7254019011
  • Listing type: For Sale
  • Bedrooms 8
  • Bathrooms 4
  • Plot Size 5851
  • Living Area 3752
  • Property type: Multi-Family
  • Neighborhood Eastside Long Beach
  • Built In 1931

Property Description

Unique opportunity to restore a classic Eastside Long Beach Spanish 4-plex. Hip and growing area of Long Beach, with all units vacated and ready
for you to finish the project and set the rents, and choose your tenants. All work has been done with plans & permits and will be transferred to the
new owner, including asbestos remediation, plumbing permits, electrical permits, etc. Once completed, you will essentially have a brand new
building down to the studs, with 4 large 2 bedroom units, and finish them as nice as you can to maximize the rental income. Detached garage
parking for 4 cars, along with an additional 4 spaces on the apron of the alley. The estimated value of well over $2M upon completion with updated
rents. The estimated cost to finish is approximately 250-300k. This is an active construction site, do not walk the property without Owner/Contractor
supervision. The property is in framing right now. Buyer and Buyer’s agent to verify all info and do all their own numbers and due diligence. Cash offers
only. This is not in any condition suitable for financing.

Additional Features

Map & Directions

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Contact for more info

Merit Real Estate