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Listed by Mike Marcu • Mike Marcu, Broker
$11,700,000
Est. payment /mo
29,850 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 29,850 sqft
Price per Sqft $391
MLS Listing ID CROC25194563
HOA Y/N No
Year Built 1971
Lot Size 0.379 Acres
Property Sub-Type Other
Source Datashare California Regional
Property Description
Belmont Heights stands as one of Long Beach’s most desirable and supply-constrained coastal submarkets. Renowned for its historic architecture, walkable streets, and proximity to the shoreline, this neighborhood continues to attract a stable and high-quality tenant base. Professionals, retirees, and renters-by-choice are drawn to the area’s unique character, vibrant community feel, and unmatched lifestyle amenities, including 2nd Street’s dining and retail corridor, Bluff Park, and California State University, Long Beach. With its consistent track record of strong occupancy and rent growth, Belmont Heights remains one of the most enduring multifamily markets in Southern California. The Versailles Apartments present an investor with a rare opportunity to acquire a well-positioned, 36-unit community in this coveted submarket. The property offers a diverse mix of units, including three studio (600 SF), twenty-seven one-bedroom (750 SF), three two-bedroom/two-bath unit (1,200 SF), and three three-bedroom/two-bath units (1,400 SF). Designed with operational efficiency in mind, all units are individually metered for electricity, feature their own water heaters, and are supported by laundry facilities on each floor. Additional highlights include a secured parking garage with 36 sp
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Other
Building
Lot Description Other
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