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$3,100,000

  • Sold
  • Closed
  • Multi-Family
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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.

Full Property Details for 51 Kennebec Ave

General

  • Sold For: $3,100,000
  • Status: Closed
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: PV25116539
  • Added to Site: 205 day(s) ago

Interior

  • Rooms/Areas: All Bedrooms Up, Kitchen, Living Room, Primary Bathroom, Primary Bedroom, Primary Suite, Walk-In Closet
  • Interior Features: Balcony, Quartz Counters, Recessed Lighting, Unfurnished
  • Fireplace(s): Firepit
  • Appliances: Built-In Range, Dishwasher, Disposal, Gas Oven, Gas Range, Microwave, Range Hood, Refrigerator, Vented Exhaust Fan
  • Flooring: Vinyl

Rooms

Other Rooms

  • Laundry: Dryer Included, Electric Dryer Hookup, Washer Hookup, Washer Included

Additional Information

  • Pool Description: None
  • Spa Description: None

Exterior

  • Exterior Features: Lighting

Parking

  • Garage Spaces: 3
  • Parking Features: Direct Garage Access
  • Parking: Garage (Direct Access)

Location

  • Area: 2 - Belmont Heights, Alamitos Heights
  • County: Los Angeles
  • Development Name: 2 - Belmont Heights, Alamitos Heights
  • Driving Directions: Kennebec and Ocean Blvd

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 3
  • # Gas Meters: 3
  • # Electric Meters: 3

Structural Information

  • Architectural Style: Mediterranean
  • Entry Location: Kennebec & First
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 4,688
  • Year Built: 2024

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 4
  • Bedrooms: 3

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 3
  • Bedrooms: 3

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 4
  • Bedrooms: 3

Lot Features

  • Property View: Neighborhood, Peek-a-Boo
  • Lot Size (Acres): 0.1952
  • Lot Size Source: Assessor
  • Zoning: LBR3S
  • Lot Description: 2-5 Units/Acre, Corner Lot, Landscaped, Paved, Drip Sprinkler System

Financial Considerations

  • Price Per Sq. Ft.: $661.26
  • Price Per Unit: 1200000

Listed by West Shores Realty, Inc., Hannah Steed
Sold by Bullock Russell RE Services, Anthony Zueck

Listing agent

— 51 Kennebec Ave —

  • Hannah Steed

    West Shores Realty, Inc.

808-651-9675

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 51 Kennebec Ave

School District:Long Beach Unified School District
NameGradesDistance
Burbank Elementary School, Long Beach, CA
501 Junipero Avenue, Long Beach, CA 90814
K-50.6 mi
Jefferson Leadership Academies School
750 Euclid Avenue, Long Beach, CA 90804
6-81.2 mi
Wilson High School
4400 East 10th Street, Long Beach, CA 90804
9-121.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 51 Kennebec Ave

Date
Details
Price
Change
Source
10/20/2025
Sold
$3,100,000
-13.89%
MLS
6/26/2025
Listed
$3,600,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by West Shores Realty, Inc., Hannah Steed
Sold by Bullock Russell RE Services, Anthony Zueck

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51 Kennebec Avenue, Long Beach, CA 90803 (MLS# PV25116539) is a Multi-Family property that was sold at $3,100,000 on October 20, 2025. Want to learn more about 51 Kennebec Avenue? Do you have questions about finding other Multi-Family real estate for sale in Long Beach? You can browse all Long Beach real estate or contact a Coldwell Banker agent to request more information.