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

3

Bathrooms

3

Building size

1,528 sqft

Lot size

6,504 sqft

Year built

1919

Stories

1

Garage spaces

2

Style

Cottage

Heating

Wall Furnace

Cooling

Wall/Window Unit(s)

Pool

None

View

Neighborhood

Status

Active

Days on market

0

MLS #

249052475

About this property

Beautifully remodeled, 2 homes on one lot, in the heart of Belmont Heights! Situated on an oversized lot, this exceptional property features a spacious two-bedroom, one-bath front home and a charming one-bedroom, one-bath rear residence, each with its own private outdoor living space and a 2 car garage plus 3 parking spots! Perfect for owner-users or investors! The inviting front home features a welcoming front porch, spacious living and dining areas with a wood-burning fireplace, and a beautifully updated kitchen with newer appliances, quartz countertops, subway tile backsplash, abundant cabinetry, and access to the backyard. The remodeled bathroom showcases a nine-foot quartz countertop, custom cabinetry, and a dedicated makeup area. The generously sized primary bedroom offers 12 feet of closet space, while the second bedroom features built-in shelving and a closet. A spacious rear patio is ideal for outdoor dining and entertaining. Tucked privately at the rear, the delightful one-bedroom, one-bath residence features its own entrance, a remodeled kitchen with granite countertops and eat-in bar, an updated three-quarter bathroom, and a comfortable living area with a wall of built-in cabinetry. A private brick patio, grassy yard shaded by mature trees, and storage shed complete this charming retreat. Generous parking includes a two-car garage, two additional driveway spaces, and a parallel parking space in the alley. Adjacent to the garage is a separate laundry area with a three-quarter bathroom (unpermitted). The garage and adjoining space may offer potential for ADU conversion, subject to city approval. Ideally located in one of Long Beach's most desirable neighborhoods, just moments from the shops, cafés, and restaurants of Fourth Street's Retro Row, with the beach and Belmont Shore's vibrant Second Street nearby. A wonderful opportunity to enjoy the Belmont Heights lifestyle while benefiting from the flexibility and income potential of two beautifully updated residences!

Location

3938 E 5th

Long Beach, Los Angeles, CA, 90814