$28,600,000
$33,000,000
13.3%For more information regarding the value of a property, please contact us for a free consultation.
0.8 Acres Lot
SOLD DATE : 12/04/2019
Key Details
Sold Price $28,600,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Belmont Shore (Bsd)
MLS Listing ID PW19231556
Sold Date 12/04/19
HOA Y/N No
Year Built 1964
Lot Size 0.800 Acres
Property Description
Welcome to Surf Terrace Apartments, a truly iconic 60-unit apartment building in the hidden gem beachside community known as Belmont Shore. Surf Terrace Apartments is perfectly situated along the Belmont Shore boardwalk, adjacent to Belmont Veterans Memorial Pier, providing many of the units with breathtaking ocean and pier views, while all of the residents are just steps to the sand. On the market for the first time ever, this once in a lifetime opportunity is desirably comprised of mostly 2 and 3-bedroom units. Surf Terrance apartments is just a half-mile from E. 2nd Street, a 15 block “main street” stretch offering quiet cafes, boutique shopping, countless dining options and a bustling nightlife that has something for everyone. Just 3 miles up the coast is Downtown Long Beach, a thriving hub that is experiencing a development boom, including a new civic center, an expanded aquarium, and updates to the iconic Queen Mary and surrounding retail. Surf Terrace is a staple of Belmont Shore and any investor will be proud to include it as part of their real estate portfolio.
Location
State CA
County Los Angeles
Area 1 - Belmont Shore/Park, Naples, Marina Pac, Bay Hrbr
Zoning LBPD2
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 96.0
Garage Description 96.0
Pool Community
Community Features Curbs, Storm Drain(s), Street Lights, Pool
Total Parking Spaces 96
Private Pool No
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7256002018
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Todd Hawke • Keller Williams Pacific Estate
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Broker Associate | Lic# 01398838