Mid Century Beach Front Property with Expansive Bay Views *Generational Legacy Asset with Endless Possibilities* Lot and a Half (45 Feet of Frontage) Providing Flexible Space and Development Opportunities* Two Spacious Two Bedroom / One Bathroom Units: Average Unit Size Over 1,000 Square Feet* Lower Unit recently Fully Renovated: New Kitchen, New Bath, &#38' New Flooring *Amenities That All Tenants Value: Synergized Outdoor Space *Washers and Dryers in Each Unit, and Private Parking 90 Walk Score – “Walker’s Paradise” *Ability to Add Two Additional ADU Units to Increase Value for a New Investor
Tenants enjoy living in the Belmont shore Neighborhood East of Downtown Long Beach, a short distance to local beaches, California State University of Long Beach, as well as shopping, restaurants, and nightlife. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. The city is undergoing a building boom with more than $5 billion in private and public investments in various stages of development. The new $520 million Long Beach Civic Center development will house a new City Hall, Port of Long Beach headquarters and the Main Library. Long Beach sustains its ability to attract renters due to its strong economy and quality of life.