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ALMOST COMPLETED! TIME TO BUY: NEW CONSTRUCTION. NOT SUBJECT TO RENT CONTROL. Purchase Price: $2,989,000. (Projected ) Pro-Forma Monthly Gross Rent: $20,200. Pro-Forma Annual Gross Rent: $242,400. Vacancy & Operating Costs (20%): $48,480. Pro-Forma NOI: $155,170. CAP RATE 5.01%(@ $2,989,000 Purchase Price): GRM (@ $2,989,000 Purchase Price): 12.78* Great, Quiet neighborhood* Proximity to beaches* Easy access to 110 Freeway (direct artery to 405 Freeway)* Surrounded by affluent communities of Rancho Palos Verdes & Rolling Hills Estates * Proximity to the Port of Los Angeles & Port of Long Beach* Close to new Ports O'Call, undergoing $150 Million Renovation All Units Include:* 1 Tandem Garage Space (2 Spaces)* Individually metered for electric, gas, and water * individual tankless water heater* Central A/C and Heat* Washer & Dyer* Refrigerator* Dishwasher Investment Opportunity* Brand-New Construction* Multifamily Apartment Complex* All Units Can be delivered Vacant
Listing agent: Lacy Burke DRE #01906970 lacyburke@hotmail.com, Listing office: Lacy Burke Broker
MLS data updated 10/31/2026, 7:16:35 AM PT
Source: CRMLS, MLS #: 18324832
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Dec 28, 2018
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
No recordNo property-price record in this range.ZIP 90731 · Oct 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.