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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.

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

Price $2,464,437 CAD
Price Per Unit $821,479 CAD
Sale Type Investment
No. Units 3
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Apartments
Apartment Style Low-Rise
Building Class C
Lot Size 0.07 AC
Building Size 2,816 SF
No. Stories 2
Year Built 1950
Parking Ratio 1.07/1,000 SF
Zoning LBR2S - Two-Family Dwellings R1 Uses, Home Occupations (15)

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 -
Moderately walkable
70/100
Moderately drivable
60/100
Limited public transit
30/100
Moderately bikeable
70/100

Property Taxes

Property Taxes

Parcel Number
7249-028-014
Land Assessment
$471,964 CAD
Improvements Assessment
$314,624 CAD
Total Assessment
$786,588 CAD
  • Listing ID: 41205771

  • Date on Market: 2026-07-08

  • Last Updated:

  • Address: 230 Nieto Ave, Long Beach, CA 90803

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