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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.
| DAYS ON MARKET | 117 | LAST UPDATED | 10/20/2025 |
|---|---|---|---|
| TRACT | Bluff Park (BLF) | YEAR BUILT | 2024 |
| COMMUNITY | 2 - Belmont Heights, Alamitos Heights | GARAGE SPACES | 3.0 |
| COUNTY | Los Angeles | STATUS | Sold |
| PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Built-In Range, Dishwasher, Disposal, Dryer, Gas Oven, Gas Range, Microwave, Range Hood, Refrigerator, Vented Exhaust Fan, Washer |
| AREA | 2 - Belmont Heights, Alamitos Heights |
| EXTERIOR | Balcony, Fire Pit, Lighting |
| FIREPLACE | Yes |
| GARAGE | Yes |
| HEAT | Central |
| INTERIOR | Recessed Lighting, Walk-In Closet(s) |
| LOT | 8503 sq ft |
| LOT DESCRIPTION | Corner Lot, Landscaped, Paved |
| PARKING | Direct Access, Garage |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Mediterranean |
| SUBDIVISION | Bluff Park (BLF) |
| VIEW | Yes |
| VIEW DESCRIPTION | Neighborhood |
| WATER | Public |
MORTGAGE CALCULATOR
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Listed with West Shores Realty, Inc.
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