CA > Long Beach
Long Beach, CA 90803,206 Euclid AVE
Long Beach, CA 90803,206 Euclid AVE
Long Beach, CA 90803,206 Euclid AVE
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Sat
30
Aug
Sun
31
Aug
Mon
1
Sep
The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$8,350,000
Est. payment /mo
0.3 Acres Lot
Save

UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25194420

HOA Y/N No

Year Built 1970

Lot Size 0.299 Acres

Property Sub-Type Apartment

Property Description

Belmont Heights is one of Long Beach's most desirable and supply-constrained coastal submarkets. Known for its historic architecture, walkable streets, and proximity to the beach, the neighborhood continues to attract a high-quality tenant base made up of professionals, retirees, and renters-by-choice. Residents are drawn to the area's unique charm, community feel, and lifestyle amenities, including easy access to 2nd Street's dining and retail, Bluff Park, and California State University, Long Beach. With consistently strong occupancy and rent growth, Belmont Heights represents one of the most enduring and stable multifamily markets in Southern California.
The Euclid Apartments present an opportunity to acquire a well-located and fundamentally strong asset in the heart of this prestigious neighborhood. The property is comprised of 24 spacious one-bedroom units averaging approximately 750 square feet, along with three two-bedroom, two-bath units averaging 1,300 square feet. All units are individually metered, all-electric, and equipped with individual water heaters, providing operational efficiency and ease of management. The community offers 26 secured parking spaces, laundry rooms on every floor, and elevator service. With a newer roof and several major systems already in place, the property provides a solid foundation for future improvements.
Currently in clean and functional condition, the Euclid Apartments are primed for repositioning through targeted interior and exterior upgrades. Investors have the opportunity to enhance rental income by modernizing unit interiors, improving common areas, and elevating the overall curb appeal. The strength of Belmont Heights as a supply-constrained, rent-growth-driven submarket amplifies the upside potential, allowing buyers to capture both near-term renovation-driven NOI growth and long-term appreciation.
Ultimately, the Euclid Apartments represent a rare chance to establish or expand a foothold in Belmont Heights. The combination of location, resident demand, operational strength, and clear value-add potential make this offering a compelling investment opportunity in one of Long Beach's most resilient and sought-after neighborhoods.

Location

State CA

County Los Angeles

Area 2 - Belmont Heights, Alamitos Heights

Zoning LBR4R

Interior

Fireplace No

Laundry Common Area

Exterior

Parking Features Assigned

Garage Spaces 27.0

Garage Description 27.0

Pool None

Community Features Sidewalks, Park

Total Parking Spaces 27

Private Pool No

Building

Lot Description 36-40 Units/Acre, Near Park, Near Public Transit, Walkstreet

Story 4

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7256007026

Acceptable Financing Cash, Cash to Existing Loan

Listing Terms Cash, Cash to Existing Loan

Special Listing Condition Standard

Read Less Info
CRMLS – RECore
Listed by Mike Marcu Mike Marcu, Broker 949 688 1224

MORTGAGE CALCULATOR

Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.
$
$
%
%
Advanced
Payment
Schedule
Your mortgage payments over 30 years will add up to $0.
 
Serving Southern California

Custom Quick Search Tools To Explore Nearby Zip Codes, Cities & Neighborhoods In Your Preferred Destinations

There are 30 quick searches
 
Serving Arizona
Custom Quick Search Tools To Explore Nearby Zip Codes, Cities & Neighborhoods In Your Preferred Destinations
More