$2,675,000 - 262 Park Avenue, Long Beach

  • 0Beds
  • Baths
  • 4,980SQ. Feet
  • 0.15Acres

262 Park Avenue is a 4-unit property located in the Estates Section of Belmont Heights, presenting the unique opportunity to own an income property in a phenomenal rental market with tremendous growth potential. Conveniently located blocks away from the beach, Alamitos Bay, Naples Island, East 2nd Street, and the new 2nd & PCH outdoor shopping center set to open in Summer 2019.Complete restoration of this 1920's Spanish Colonial style property with ocean views from select units features new kitchens with stamp-concrete tile, bathrooms featuring carrera-marble, new heating, plumbing, electrical, individual laundry hook-ups and hardwood floors throughout. Each unit also features one dedicated oversized garage with additional storage in each.Long Beach home sales prices have increased over 35% since January 2015, making it more difficult for home ownership and ensuring a continued strong rental market. With overall rent increases of 30% over the same time period, multi-family has

Sales Agent

Sam SmithBeach Cities Real EstatePhone: 562-355-8228 Cell: 562-355-8228 Contact Agent Now

Essential Information

  • MLS® #:18413266
  • Price:$2,675,000
  • Bathrooms:0.00
  • Square Footage:4,980
  • Acres:0.15
  • Year Built:1923
  • Type:Residential Income
  • Status:Closed

Community Information

  • Address:262 Park Avenue
  • Area:Belmont Heights, Alamitos Heights (2)
  • Subdivision:Belmont Heights
  • City:Long Beach
  • County:Los Angeles
  • State:CA
  • Zip Code:90803


  • Parking Spaces:4
  • # of Garages:4


  • Appliances:Built In Range, Dishwasher, Electric Cooking, Refrigerator, Electric Dryer Hookup
  • Cooling:None, Wall or Window Units
  • # of Stories:2


  • Roof:Spanish Tile

Additional Information

  • Date Listed:November 19th, 2018
  • Days on Market:136
  • Zoning:LBR1N

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Provided By: David Harrington(01320460), Matthews Real Estate Investmen.

Based on information from California Regional Multiple Listing Service, Inc. as of May 26th, 2020 at 1:21pm CDT. 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.