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 youre looking to expand your portfolio with a turnkey luxury coastal property or secure a long-term investment in one of Long Beachs most desirable neighborhoods, this is a one-of-a-kind opportunity you dont want to miss.
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 youre looking to expand your portfolio with a turnkey luxury coastal property or secure a long-term investment in one of Long Beachs most desirable neighborhoods, this is a one-of-a-kind opportunity you dont want to miss.