Apartment Broker in Belmont Heights & Belmont Shore

Belmont Heights & Belmont Shore Market

What you actually need to know about Belmont Heights & Belmont Shore multifamily

Belmont Heights and Belmont Shore are the highest-rent multifamily pockets in Long Beach. Inventory is smaller — 4 to 12 units is typical — and buildings sit on tree-lined streets like Ximeno, Argonne, Roycroft, and Covina, or directly on the Ocean Boulevard bluff. Tenant quality is the highest in the city and vacancy is structurally low, which compresses cap rates relative to downtown or North Long Beach and shifts the buyer profile toward long-hold private capital, 1031 exchange buyers, and owner-users who want a coastal building they can hold for decades. Because rents already sit near the top of the market, the value-add case is usually cosmetic and unit-by-unit rather than a full repositioning, and Long Beach's tenant protection and relocation rules make turnover-dependent pro formas risky to underwrite. Cameron has closed on Ximeno, Roycroft, Covina, East Ocean, and the upper Broadway corridor, and knows which blocks support the top of the rent range.