Est. cap rate

2.5%

Assumed rent, all units

$5,020/mo

Units

2

Price per unit

$600,000

Est. annual NOI

$30,120

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

2

Building size

1,528 sqft

Lot size

6,504 sqft

Year built

1919

Stories

1

Garage spaces

1

Style

Cottage

Heating

Wall Furnace

Cooling

Wall/Window Unit(s)

Pool

None

View

Neighborhood

Status

ComingSoon

Days on market

0

MLS #

248894530

About this property

Beautifully remodeled duplex in the heart of Belmont Heights , featuring a two-bedroom, one-bath front home and a charming one-bedroom, one-bath rear residence on an oversized lot. An exceptional opportunity for owner-users or investors! Situated on a spacious lot, these two residences offer comfortable living, thoughtful upgrades, and separate outdoor spaces for privacy and entertaining. The inviting front home features a welcoming living room flowing into a spacious dining area with a fireplace, creating a warm and comfortable setting. The updated kitchen features newer appliances, quartz countertops, subway tile backsplash, plenty of cubpoard space and convenient access to the backyard. The remodeled full bathroom showcases quartz tile and custom cabinetry, while the generously sized primary bedroom provides a peaceful retreat. A spacious back patio offers the perfect setting for outdoor dining and entertaining, while the charming front porch welcomes you home. Tucked away at the rear of the property, the delightful remodeled one-bedroom, one-bath residence offers its own private entrance and a lovely side yard shaded by mature trees, ideal for relaxing or entertaining. Inside, the home features a remodeled kitchen with an eat-in bar, a remodeled three-quarter bathroom, and a comfortable living area with a wall of built-in cabinetry. Parking includes a one-car garage and additional driveway space. Adjacent to the garage is a separate laundry area complete with bathroom and shower, providing added convenience and flexibility. The garage and adjoining space may also offer potential for conversion to an accessory dwelling unit (ADU), subject to city approval. Located in one of Long Beach's most established and desirable neighborhoods, this property is just moments from the vibrant shops, cafés, and restaurants along Fourth Street's Retro Row, with the beach and the popular shopping and dining destinations of Belmont Shore's Second Street nearby. A wonderful opportunity to enjoy the charm and lifestyle of Belmont Heights while benefiting from the flexibility and income potential of two separate residences.

Location

3938 E 5th

Long Beach, Los Angeles, CA, 90814