Discover the exceptional potential of 807 Belmont Ave, a premier multi-family property nestled in the coveted Belmont Heights district of Long Beach. This charming two-story Spanish-style building offers a total of 9 units, with incredible opportunities for expansion and increased revenue. The property comes with “Ready to Issue” (RTI) plans for two ADU units and the conversion of ?ve enclosed garages into additional 1- and 2-bedroom units, allowing you to maximize the income potential from day one. Situated on a spacious 7,790 SF corner lot, this property features 7,597 SF of rentable space, providing ample room for tenants to enjoy. The serene fenced courtyard, complemented by minimal water vegetation and ample shade, offers a tranquil retreat for residents, perfect for soaking in the refreshing ocean breeze. The well-maintained units boast a blend of original charm and modern upgrades, including resurfaced hardwood ?oors, fresh two-tone paint, ceiling fans, and new bathrooms. While some units retain their original kitchens and bathrooms, they present an excellent opportunity for further value enhancement, enabling you to achieve market rents through strategic renovations. A standout feature of this property is the ?ve enclosed garages, offering secure and convenient parking—a highly sought-after amenity in this area. The current owner has already submitted plans to convert these garages into two additional ADU units, with approved designs for a 2-bedroom/1-bath and a 1-bedroom/1-bath, ready for construction upon closing. Recent improvements, including a new composite shingle roof, fresh paint, and new ?ooring in select units, demonstrate the meticulous care invested in maintaining this property in pristine condition. The potential to convert the non-conforming manager’s unit further adds to the versatility and value of this exceptional investment. Seize this rare opportunity to acquire a highly desirable property with signi?cant upside potential in one of Long Beach’s most sought-after neighborhoods. 807 Belmont Ave is not just a property; it's a gateway to elevated returns and a thriving community.
Property Details
Property Features
Property Information:
Year Built: 1948
Stories: 2
Listing Office:
Office Name: Justin White
Office Phone: 714.231.2537
Listing Agent: Justin White
Interior Features
Interior Information:
Flooring Type: Wood
Exterior Features
Exterior Information:
Private Pool: No
Exterior: Rain Gutters
Parking Information:
Garage Space: 5 spaces
Lot Features
Lot Information:
Lot: Landscaped
Lot Size: 0.18 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
Other
Directions Information:
Directions: Headed East on 7th St. turn left on Termino Ave, and right onto 8th St.
Price Information
Listing Price Info
Price Summary:
List Price: $3,925,000
Tax Information:
Annual Amount: $12,384
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Long Beach, CA.
This property is $3.1M more than the Median Sold Price in Long Beach, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #PW24206404
Listing Office:
Office Name: Justin White
Office Phone: 714.231.2537
Listing Agent: Justin White
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/21/2024, 5:21:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Dec 13, 2000
Dec 13, 2000Home Sold
$650,000
Dec 29, 1989
Dec 29, 1989Home Sold
$205,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$12,384
$905,788
2020
$12,206
$895,571
2019
$11,816
$878,011
2018
$11,691
$860,796
2017
$11,691
$843,918
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$19.6K
Per Month
Principal & Interest
$19.5K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$11.8K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
8
/10
Fremont Elementary School
4000 E 4th St
Distance between this listing and this school0.41 miles
Public District Grades KG-5
7
/10
Bryant Elementary School
4101 E Fountain St
Distance between this listing and this school0.44 miles
Public District Grades KG-5
5
/10
Willard Elementary School
1055 Freeman Ave
Distance between this listing and this school0.65 miles
Public District Grades KG-5
Nearby Schools
7
/10
Jefferson Leadership Academies
750 Euclid Ave
Distance between this listing and this school0.21 miles
Public District Grades 6-8
7
/10
Rogers Middle School
365 Monrovia Ave
Distance between this listing and this school1.07 miles
Public District Grades 6-8
4
/10
Jessie E. Nelson Academy
1951 Cherry Ave
Distance between this listing and this school1.77 miles
Public District Grades 6-8
Nearby Schools
6
/10
Wilson High School
4400 E 10th St
Distance between this listing and this school0.25 miles
Public District Grades 9-12
4
/10
Richard D. Browning High School
2120 Obispo Ave
Distance between this listing and this school1.41 miles
Public District Grades 9-12
1
/10
Beach High-Intensive Learning Program
3701 E Willow St
Distance between this listing and this school1.96 miles
The neighbors living near this home have an average income of $56,522. The majority of Long Beach, CA residents have income between $35k-100k annually. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 807 Belmont Ave
What is the listing price of this property?
The listing price of 807 Belmont Ave property is $3,925,000.
What type of property is this?
The property 807 Belmont Ave is a condo located in Long Beach, California, 90804.
Is this property for sale now?
Active Listing: 807 Belmont Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $12,384 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on December 13, 2000 for $650,000. (source: MLS/tax record).
Which year was this property built?
The year of construction for 807 Belmont Ave is 1948.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 807 Belmont Ave in Long Beach, CA and zip code 90804 in the The Harbor neighborhood. This home, which was built in 1948, sits on a 0.18 acre lot. It has been listed on Rocket Homes since October 04, 2024 and is currently priced at $3,925,000.
Over 94 listings were sold over their listed price in October 2024 in Long Beach, CA. In the same period over 83 listings were sold below the listed price and 35 listings were sold for the listed price. The inventory of homes for sale in Long Beach, CA between September 2024 and October 2024 decreased by 0.1%. In October 2024, listings were on the market for 34 days. During the same period, the median list price in this real estate market was $824,667.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
Major League Soccer (MLS)
Major League Soccer (MLS)
Music Concerts
Art Museums
Banana Republic
H&M
Bloomingdales
Jack In The Box
Chipotle
Starbucks
Toyota
Volkswagen
Audi
Jazz
Rhythmic Contemporary Hits
News