51 Kennebec Avenue, Long Beach, CA 90803
- $3,100,000
- Sold Price
- $3,100,000
- List Price
- $3,600,000
- Closing Date
- Oct 20, 2025
- Status
- CLOSED
- MLS#
- PV25116539
- Year Built
- 2024
- Lot Size
- 8,504
- Acres
- 0.20
- Lot Location
- 2-5 Units/Acre, Corner Lot, Drip Irrigation/Bubblers, Landscaped, Paved
- Days on Market
- 54
- Property Type
- Multifamily
- Style
- Mediterranean
- Property Sub Type
- Triplex
- Stories
- Two Levels
- Neighborhood
- Bluff Park (Blf)
Property Description
Rare Coastal Triplex Investment Opportunity in Bluff Park | $17,500 Monthly Income | 5% CAP Rate Welcome to 51 Kennebec Avenue, Long Beach, CA 90803 — a rare opportunity to own a luxury, newly constructed triplex in the highly coveted Bluff Park Historic District near Belmont Heights and Alamitos Beach. Just one block from the ocean and moments from the beach, this premium coastal asset features three Mediterranean-style townhome units, all completed in 2024 and currently tenant-occupied, generating a total of $17,500/month ($210,000/year) in rental income with a 5% CAP rate. Situated on an expansive 8,501 SF lot, each unit boasts high-end finishes, private rooftop decks, and spacious modern layouts. Property Features: -3 Fully Rented Townhome-Style Units -All Units Built in 2024 | Mediterranean Architecture -Total: 9 Bedrooms | 9.5 Bathrooms -All Units Include Private Rooftop Decks -Unit 2230 Also Includes Private Side Yard -One Block from the ocean and Bluff Park -Walking Distance to Beach, Dining, and Shops Unit Breakdown: • 51 Kennebec Ave – 3 Bed | 3.5 Bath | Rooftop Deck | Ocean Views • 2234 E 1st St – 3 Bed | 2.5 Bath | Rooftop Deck • 2230 E 1st St – 3 Bed | 3.5 Bath | Rooftop Deck + Private Side Yard Whether you’re looking to expand your portfolio with a turnkey luxury coastal property or secure a long-term investment in one of Long Beach’s most desirable neighborhoods, this is a one-of-a-kind opportunity you don’t want to miss.
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Additional Information
- Appliances
- Built-In Range, Dishwasher, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator, Range Hood, Vented Exhaust Fan, Dryer, Washer
- Pool Description
- None
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- View
- Neighborhood, Peek-A-Boo
- Garage Spaces Total
- 3
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Balcony, Quartz Counters, Recessed Lighting, Unfurnished, All Bedrooms Up, Primary Suite, Walk-In Closet(s)
- Attached Structure
- Attached
- Number Of Units Total
- 3
- Gross Scheduled Income
- $210,000
- Operating Expense
- 36980
Listing courtesy of Listing Agent: Hannah Steed (hannahsteedrpv@gmail.com) from Listing Office: West Shores Realty, Inc..
Listing sold by Anthony Zueck from Bullock Russell RE Services
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.