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Multifamily

44 Park Ave

44 Park Ave, Long Beach, CA 90803

Listing Price: $1,999,000

Cap Rate
2.53%
Number of Units
2
GRM
23.46
Price/Unit
$999,500
Price/Gross SF
$1,152.16
Gross SF
1,735

Investment Overview

Marcus & Millichap is pleased to present to market the stunning property located 44 Park Avenue in Long Beach, California. This can’t-miss asset boasts a gorgeous two-bedroom/two-bath home that was renovated in 2008 and a two-bedroom/one-bath rear unit that generates income. Located in Long Beach’s sought-after Belmont Shore neighborhood, 44 Park Avenue is just steps from the beach and Second Street, popular for its dining, retail, and entertainment. The front home will be delivered vacant, making this an excellent opportunity for anyone seeking the California laid-back beach lifestyle, walkability to outstanding restaurants, and extra income from a rental unit.

Investment Highlights

  • Outstanding opportunity to live in a beautifully renovated Belmont Shore home just steps from the beach and Second Street and enjoy income from a separate rental unit
  • Front home boasts two bedrooms and two bathrooms; primary bedroom is on its own floor and boasts a second-floor patio, ensuite bathroom, and large walk-in closet
  • Additional amenities in the front home include a fireplace, built-in sound system, custom cabinetry, rooftop deck, hardwood floors, an attached two-car garage and more
  • Rental unit offers two bedrooms, one bath, vaulted ceilings with wood beams, open concept living, air conditioning, a single-car garage with laundry, and a balcony

Exclusively Listed By

Financing By

Multifamily

44 Park Ave

Listing Price: $1,999,000

Cap Rate
2.53%
Number of Units
2
GRM
23.46
Price/Unit
$999,500
Price/Gross SF
$1,152.16
Gross SF
1,735

Investment Highlights

  • Outstanding opportunity to live in a beautifully renovated Belmont Shore home just steps from the beach and Second Street and enjoy income from a separate rental unit
  • Front home boasts two bedrooms and two bathrooms; primary bedroom is on its own floor and boasts a second-floor patio, ensuite bathroom, and large walk-in closet
  • Additional amenities in the front home include a fireplace, built-in sound system, custom cabinetry, rooftop deck, hardwood floors, an attached two-car garage and more
  • Rental unit offers two bedrooms, one bath, vaulted ceilings with wood beams, open concept living, air conditioning, a single-car garage with laundry, and a balcony

Investment Overview

Marcus & Millichap is pleased to present to market the stunning property located 44 Park Avenue in Long Beach, California. This can’t-miss asset boasts a gorgeous two-bedroom/two-bath home that was renovated in 2008 and a two-bedroom/one-bath rear unit that generates income. Located in Long Beach’s sought-after Belmont Shore neighborhood, 44 Park Avenue is just steps from the beach and Second Street, popular for its dining, retail, and entertainment. The front home will be delivered vacant, making this an excellent opportunity for anyone seeking the California laid-back beach lifestyle, walkability to outstanding restaurants, and extra income from a rental unit.

Exclusively Listed By

Financing By

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