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Belmont Shore Triplex 230 Nieto Ave 3 Unit Apartment Building $2,464,437 CAD ($821,479 CAD/Unit) Long Beach, CA 90803



Executive Summary
Investment highlights:
Belmont Shore continues to stand out as one of the most desirable coastal rental markets in Southern California, offering a rare combination of lifestyle appeal, strong tenant demand, and long-term investment stability. This well-located triplex presents an outstanding opportunity for both investors and owner/users, featuring an attractive unit mix of two spacious 2-bedroom/1-bath units and one 1-bedroom/1-bath unit. The property is ideally suited for an owner-occupant seeking supplemental rental income while enjoying the benefits of living just moments from the beach, Alamitos Bay, and the vibrant dining and retail corridor along 2nd Street. Income-producing properties in Belmont Shore are highly sought after due to the area’s limited inventory, walkability, and strong rental fundamentals. Residents are drawn to the coastal lifestyle, excellent neighborhood amenities, and convenient access to major employment centers throughout Long Beach and Orange County. Whether positioned as a long-term hold, lifestyle investment, or strategic owner/user acquisition, this property offers the ability to generate stable income while benefiting from the long-term appreciation historically associated with prime coastal real estate.
Belmont Shore continues to stand out as one of the most desirable coastal rental markets in Southern California, offering a rare combination of lifestyle appeal, strong tenant demand, and long-term investment stability. This well-located triplex presents an outstanding opportunity for both investors and owner/users, featuring an attractive unit mix of two spacious 2-bedroom/1-bath units and one 1-bedroom/1-bath unit. The property is ideally suited for an owner-occupant seeking supplemental rental income while enjoying the benefits of living just moments from the beach, Alamitos Bay, and the vibrant dining and retail corridor along 2nd Street. Income-producing properties in Belmont Shore are highly sought after due to the area’s limited inventory, walkability, and strong rental fundamentals. Residents are drawn to the coastal lifestyle, excellent neighborhood amenities, and convenient access to major employment centers throughout Long Beach and Orange County. Whether positioned as a long-term hold, lifestyle investment, or strategic owner/user acquisition, this property offers the ability to generate stable income while benefiting from the long-term appreciation historically associated with prime coastal real estate.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$97,930
|
$34.78
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$97,930
|
$34.78
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$19,586
|
$6.96
|
| Net Operating Income |
$78,344
|
$27.82
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $97,930 |
| Annual Per SF | $34.78 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $97,930 |
| Annual Per SF | $34.78 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $19,586 |
| Annual Per SF | $6.96 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $78,344 |
| Annual Per SF | $27.82 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $2,816 CAD | - |
| 2+1 | 1 | $2,809 CAD | - |
| 1+1 | 1 | $2,535 CAD | - |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 7249-028-014 | Improvements Assessment | $314,624 CAD |
| Land Assessment | $471,964 CAD | Total Assessment | $786,588 CAD |
Property Taxes
Parcel Number
7249-028-014
Land Assessment
$471,964 CAD
Improvements Assessment
$314,624 CAD
Total Assessment
$786,588 CAD
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Belmont Shore Triplex | 230 Nieto Ave
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