280 Park, Long Beach, California 90803, Long Beach, 90803 - 0 bed, 0 bath
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Long Beach, California 90803
This Belmont Heights Triplex represents a High-Potential Investment Opportunity with a List Price of $1,650,000—positioned well below the $1,855,409 Fair Market Value by 11%. This valuation gap provides $205,409 in Instant Equity for buyers. Currently holding a Condition Rating of 4, the 1923 asset requires modernization but offers a strong unit mix and three single-car garages just blocks from the ocean. Proximity to 9/10 rated Lowell Elementary ensures high rental demand. This is a premier acquisition for Buy-and-Hold Investors or Value-Add Specialists seeking forced appreciation in a coastal submarket.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 280 Park Subject | $1,650,000* List Price | 0 | 0 | 3,552 | $522 | - |
A 223 Bennett Sold | $1,660,000 | 5 | 2 | 3,240 | $512 | 0.4 mi |
B 66 Santa Ana Avenue Sold | $1,500,000 | 0 | 0 | 3,300 | $455 | 0.8 mi |
C 267 La Verne Avenue Sold | $1,525,000 | 0 | 0 | 2,880 | $530 | 0.4 mi |
D 61 Bennett Sold | $1,424,003 | 0 | 0 | 2,362 | $603 | 0.6 mi |
E 118 Roycroft Avenue Active Under Contract | $1,600,000 List Price | 0 | 0 | 2,722 | $588 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1923, this triplex is functional and appears to have been maintained through regular upkeep, but it is significantly outdated. The kitchen features older flat-panel cabinetry and dated vinyl tile flooring, while the living areas are covered in aged wall-to-wall carpeting. The listing explicitly markets the property as a 'value-add opportunity' for investors, confirming that while the units are livable, the finishes, appliances, and likely the major systems require modernization to meet current market standards.
Elementary School: Lowell Elementary School (9/10).
Situated in the highly desirable Belmont Heights neighborhood, this property is just blocks from the ocean and within walking distance to the vibrant dining and shopping of Belmont Shore.
The triplex offers a versatile layout including a 2-bedroom plus office unit and a detached rear unit, with the rare and valuable addition of a single-car garage for every tenant.
Built in 1923 and marketed as a value-add opportunity, the property likely requires significant capital expenditure to update aging systems and finishes to meet modern tenant expectations.
With a list price of $1.65M for a property requiring renovation, the entry cost is high, which may tighten margins for investors once construction costs and carrying fees are factored in.
***** EXCEPTIONAL OPPORTUNITY FOR SAVVY INVESTORS ***** .. don't miss this opportunity .. .. .. Rare Belmont Heights triplex just blocks from the ocean. Excellent value-add opportunity in one of Long Beach’s most desirable coastal neighborhoods. Property offers a strong unit mix with a 2-bedroom plus an Office and 2-bedroom unit in the front, a detached 1-bedroom unit in the rear. Each unit has its own single-car garage. Property hos tons of potential presenting an excellent value-add opportunity for investors or owner-users looking to create upside potential through renovation and rent growth. Prime location near Belmont Shore dining, shopping, and major
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.6 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,552 | 2,324 | 88% |
| Lot Size | 6,339 | 3,218 | 79% |
| Price | $1.65M | $1.53M | 75% |
| Price per sq ft | $465 | $715 | 13% |
| Built year | 1923 | 1942 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 148 | 8% |
Apr 9, 2026
$1,650,000
Initial Listing