Rare Coastal Triplex Investment Opportunity in Bluff Park | $17,500 Monthly Income | 5% CAP Rate
Welcome to 51 Kennebec Avenue, Long Beach, CA 90803 — a rare opportunity to own a luxury, newly constructed triplex in the highly coveted Bluff Park Historic District near Belmont Heights and Alamitos Beach. Just one block from the ocean and moments from the beach, this premium coastal asset features three Mediterranean-style townhome units, all completed in 2024 and currently tenant-occupied, generating a total of $17,500/month ($210,000/year) in rental income with a 5% CAP rate. Situated on an expansive 8,501 SF lot, each unit boasts high-end finishes, private rooftop decks, and spacious modern layouts.
Property Features:
-3 Fully Rented Townhome-Style Units
-All Units Built in 2024 | Mediterranean Architecture
-Total: 9 Bedrooms | 9.5 Bathrooms
-All Units Include Private Rooftop Decks
-Unit 2230 Also Includes Private Side Yard
-One Block from the ocean and Bluff Park
-Walking Distance to Beach, Dining, and Shops
Unit Breakdown:
• 51 Kennebec Ave – 3 Bed | 3.5 Bath | Rooftop Deck | Ocean Views
• 2234 E 1st St – 3 Bed | 2.5 Bath | Rooftop Deck
• 2230 E 1st St – 3 Bed | 3.5 Bath | Rooftop Deck + Private Side Yard
Whether you’re looking to expand your portfolio with a turnkey luxury coastal property or secure a long-term investment in one of Long Beach’s most desirable neighborhoods, this is a one-of-a-kind opportunity you don’t want to miss.
Welcome to 51 Kennebec Avenue, Long Beach, CA 90803 — a rare opportunity to own a luxury, newly constructed triplex in the highly coveted Bluff Park Historic District near Belmont Heights and Alamitos Beach. Just one block from the ocean and moments from the beach, this premium coastal asset features three Mediterranean-style townhome units, all completed in 2024 and currently tenant-occupied, generating a total of $17,500/month ($210,000/year) in rental income with a 5% CAP rate. Situated on an expansive 8,501 SF lot, each unit boasts high-end finishes, private rooftop decks, and spacious modern layouts.
Property Features:
-3 Fully Rented Townhome-Style Units
-All Units Built in 2024 | Mediterranean Architecture
-Total: 9 Bedrooms | 9.5 Bathrooms
-All Units Include Private Rooftop Decks
-Unit 2230 Also Includes Private Side Yard
-One Block from the ocean and Bluff Park
-Walking Distance to Beach, Dining, and Shops
Unit Breakdown:
• 51 Kennebec Ave – 3 Bed | 3.5 Bath | Rooftop Deck | Ocean Views
• 2234 E 1st St – 3 Bed | 2.5 Bath | Rooftop Deck
• 2230 E 1st St – 3 Bed | 3.5 Bath | Rooftop Deck + Private Side Yard
Whether you’re looking to expand your portfolio with a turnkey luxury coastal property or secure a long-term investment in one of Long Beach’s most desirable neighborhoods, this is a one-of-a-kind opportunity you don’t want to miss.
Property Details
Price:
$3,600,000
MLS #:
PV25116539
Status:
Active
Baths:
0
Address:
51 Kennebec Avenue
Type:
Residential Income
Subtype:
Triplex
Subdivision:
Bluff Park BLF
Neighborhood:
2belmontheightsalamitosheights
City:
Long Beach
Listed Date:
Jun 25, 2025
State:
CA
ZIP:
90803
Lot Size:
8,504 sqft / 0.20 acres (approx)
Year Built:
2024
See this Listing
Mortgage Calculator
Schools
Interior
Appliances
Built- In Range, Dishwasher, Disposal, Gas Oven, Gas Range, Microwave, Range Hood, Refrigerator, Vented Exhaust Fan
Cooling
Central Air
Fireplace Features
Fire Pit
Flooring
Vinyl
Heating
Central
Interior Features
Balcony, Quartz Counters, Recessed Lighting, Unfurnished
Exterior
Community Features
Curbs, Sidewalks, Street Lights
Exterior Features
Lighting
Garage Spaces
3.00
Lot Features
2-5 Units/ Acre, Corner Lot, Landscaped, Paved, Sprinklers Drip System
Parking Features
Direct Garage Access
Parking Spots
6.00
Pool Features
None
Security Features
Automatic Gate, Carbon Monoxide Detector(s), Security Lights, Security System
Sewer
Public Sewer
Spa Features
None
Stories Total
2
View
Neighborhood, Peek- A- Boo
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
All Utilities
Map
Community
- Address51 Kennebec Avenue Long Beach CA
- Area2 – Belmont Heights, Alamitos Heights
- SubdivisionBluff Park (BLF)
- CityLong Beach
- CountyLos Angeles
- Zip Code90803
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51 Kennebec Avenue
Long Beach, CA
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