3817 Livingston dr, Long Beach, CA 90803
Active
$4,095,000
12 Units
3 Beds
3 Baths
6,310 Area(sq.ft.)
Lot: 7,840 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 8 | studio | 1 | No | $ 14,204 | $ 14,204 | $ 15,200 |
| Unit 2 | 3 | 1 | 1 | No | $ 5,985 | $ 5,985 | $ 6,885 |
| Unit 3 | 1 | 2 | 1 | No | $ 2,625 | $ 2,625 | $ 3,195 |
| 12 | 5 | 12 | $ 134,212 | $ 134,212 | $ 145,450 |
| MLS #: | OC25071905MR |
| Days On Market: | 22 |
| Listing Date: | April 2, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 649 |
| Price per unit: | $ 341,250 |
| Year Built: | 1923 |
Property Details
SeaGlass Apartments is a rare 12-unit multifamily investment property located in the unparalleled Belmont Heights neighborhood of Long Beach, CA. Renovated in 2016, SeaGlass Apartments offers a diverse mix of studio, one, and two-bedroom bungalow style floor plans as well as amenities including a secured entry way, garage parking spaces, an on-site laundry facility, and ocean views from select units. Ownership has completed modern updates to both the interior and exterior of the property including plumbing, electrical, and windows as well as renovated the interiors to feature premium finishes. SeaGlass Apartments boasts an impressive Walk Score of 86, being steps away from Belmont Veterans Memorial Pier, a Vons grocery store, Belmont Shore s 2nd Street, Long Beach City Beach, & the Bluff Park Walk. Residents enjoy the property s idyllic location within walking distance of an abundance of retail, dining, and entertainment options at Belmont Shore s 2nd Street. SeaGlass Apartments is just over 0.25 miles from Belmont Plaza Pool, a major venue for the 2028 Olympic and Paralympic Games. Furthermore, residents enjoy SeaGlass Apartments close proximity to Pacific Coast Highway, providing easy access to neighboring coastal cities and employment hubs. The property s ideal Belmont Heights location surrounded by an abundance of recreational, entertainment, and retail amenities is a primary draw for potential renters. This overall demand for well-located rental units will be a key driver in the continued growth and success at SeaGlass Apartments.Interested in this Listing?
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Income Details
| Rent Control: | False |
| Gross Operating Income: | $ 265,555 |
| Total Annual Expense: | $ 94,069 |
| Net Operating Income: | $ 178,845 |
| Cap Rate: | 4.37% |
| Gross Rent Multiplier: | 14.57 |
Structure
| Community Features: | Curbs, Gutters, Sidewalks |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | LBR4R |
| Land Lease Type: | Fee |
Interior
| Laundry: | Community |
Exterior
| Pool: | No |
Detailed Map
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