3635 East 1st Street

Versailles Apartments is a well-located coastal multifamily asset in Long Beach’s Belmont Heights/Bluff Park area, minutes to beaches and Belmont Shore’s 2nd Street which offers everyday walkability and seamless regional access. Immediate connectivity to PCH/1 with quick links to the 405/605/710, the Metro A Line via Downtown Long Beach, and Long Beach Airport expands the renter demand.

The community features an efficient unit mix anchored by 1BR/1BA homes (75%), complemented by Studios, 2BR/2BA, and 3BR/2BA (8.3% each). Versailles Apartments draws steady demand from a diversified employment base within minutes, including the Port of Long Beach, MemorialCare/VA medical campuses, California State University, Long Beach, Long Beach City College, and Long Beach Airport, with additional regional employers across the South Bay and North Orange County. This concentration of healthcare, education, logistics, civic, and hospitality jobs underpins durable occupancy. Compelling value-add upside remains. A targeted program of interior renovations and operational improvements—paired with partial recovery of current loss-tolease and expansion of ancillary income (e.g., storage) positions the asset for nearterm NOI growth. In a supply-constrained coastal submarket, Versailles Apartments offers investors a favorable blend of location and many demand drivers.