51 Kennebec Avenue new Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90803
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,688 sqft
Price per Sqft $767
Subdivision Bluff Park
MLS Listing ID PV-25116539
Style Mediterranean
Year Built 2024
Lot Size 8,504 Sqft
Property Sub-Type Triplex
Property Description
Rare Coastal Triplex Investment Opportunity in Bluff Park | $17,500 Monthly Income | 5% CAP Rate Welcome to 51 Kennebec Avenue, Long Beach, CA 90803 -- a rare opportunity to own a luxury, newly constructed triplex in the highly coveted Bluff Park Historic District near Belmont Heights and Alamitos Beach. Just one block from the ocean and moments from the beach, this premium coastal asset features three Mediterranean-style townhome units, all completed in 2024 and currently tenant-occupied, generating a total of $17,500/month ($210,000/year) in rental income with a 5% CAP rate. Situated on an expansive 8,501 SF lot, each unit boasts high-end finishes, private rooftop decks, and spacious modern layouts. Property Features: -3 Fully Rented Townhome-Style Units -All Units Built in 2024 | Mediterranean Architecture -Total: 9 Bedrooms | 9.5 Bathrooms -All Units Include Private Rooftop Decks -Unit 2230 Also Includes Private Side Yard -One Block from the ocean and Bluff Park -Walking Distance to Beach, Dining, and Shops Unit Breakdown: o 51 Kennebec Ave - 3 Bed | 3.5 Bath | Rooftop Deck | Ocean Views o 2234 E 1st St - 3 Bed | 2.5 Bath | Rooftop Deck o 2230 E 1st St - 3 Bed | 3.5 Bath | Rooftop Deck + Private Side Yard Whether you're looking to expand your portfolio with a turnkey luxury coastal property or secure a long-term investment in one of Long Beach's most desirable neighborhoods, this is a one-of-a-kind opportunity you don't want to miss.
Location
State CA
County Los Angeles
Area 2 - Belmont Heights, Alamitos Heights
Zoning LBR3S
Interior
Interior Features Balcony,Recessed Lighting,Unfurnished
Heating Central
Flooring Vinyl
Fireplaces Type Fire Pit
Laundry Dryer Included,Electric Dryer Hookup,Washer Hookup,Washer Included
Exterior
Exterior Feature Lighting
Parking Features Direct Garage Access
Garage Spaces 3.0
Pool None
Community Features Curbs,Sidewalks,Street Lights
View Y/N Yes
View Peek-A-Boo
Building
Lot Description Corner Lot,Landscaped,Paved,Sprinklers Drip System,2-5 Units/Acre
Sewer Public Sewer