21,900 SqFt
21,900 SqFt
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Pending
Purchase Type For Sale
Square Footage 21,900 sqft
Price per Sqft $381
MLS Listing ID OC-25194420
Year Built 1970
Lot Size 0.299 Acres
Property Sub-Type Apartment
Source California Regional Multiple Listing Service (CRMLS)
Property Description
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
Laundry Common Area
Exterior
Parking Features Assigned
Garage Spaces 27.0
Pool None
Community Features Park, Sidewalks
Building
Lot Description Near Public Transit, Park Nearby, Walkstreet, 36-40 Units/Acre
Sewer Public Sewer
NEARBY SCHOOL & BUSINESS
- 10
Lowell Bayside Academy
Public | KG - 5
- 10
Naples Bayside Academy
Public | KG - 5
- 10
Kettering Elementary School
Public | KG - 5
- 9
Fremont Elementary School
Public | KG - 5
- 9
Gant Elementary School
Public | KG - 5
- 9
Prisk Elementary School
Public | KG - 5
- 8
Signal Hill Elementary School
Public | KG - 5
- 8
Alvarado Elementary School
Public | KG - 5
- 8
Bixby Elementary School
Public | KG - 5
- 8
Emerson Parkside Academy
Public | KG - 5
- 7
Robert Louis Stevenson Elementary School
Public | KG - 5
- 7
Lincoln Elementary School
Public | KG - 5
- 6
Robinson K - 8 Academy
Public | KG - 8
- 6
Roosevelt Elementary School
Public | KG - 5
- 6
Mann Elementary School
Public | KG - 5
- 6
Bryant Elementary School
Public | KG - 5
- 5
Oropeza Elementary School
Public | KG - 5
- 5
Smith Elementary School
Public | KG - 5
- 5
Burbank Elementary School
Public | KG - 5
- 5
Nieto Herrera Elementary School
Public | KG - 5
- 8
Rogers Middle School
Public | 6 - 8
- 8
Stanford Middle School
Public | 6 - 8
- 6
Franklin Classical Middle School
Public | 6 - 8
- 6
Jessie E. Nelson Academy
Public | 6 - 8
- 5
Jefferson Leadership Academies
Public | 6 - 8
- 0
Zinsmeyer Academy
Private | 8 - 12
- 0
Select Community Day (Secondary)
Public | 7 - 12
- 0
Hill Classical Middle School
Public | 6 - 8
- 7
Renaissance High School for the Arts
Public | 9 - 12
- 7
Wilson High School
Public | 9 - 12
- 6
Polytechnic High School
Public | 9 - 12
- 6
Millikan High School
Public | 9 - 12
- 1
Beach High-Intensive Learning Program
Public | 9 - 12
- 0
St Anthony High School
Private | 9 - 12
- 0
Long Beach Unified School District Regional Occupational Program
Public | 10 - 12
