1837 E 3rd Street
Long Beach, CA, 90802
$3,535,000
Beds
0 Baths
SqFt
0.2 Acres
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Priced to move…3 blocks from the Beach…6% Actual CAP Rate…25%+ upside! If your client is looking for a "Unicorn" building with a combination of Cash flow, Location, and a Clean property, this is the investment for them. The building includes (10) 1-bedroom units (750+/- sq. ft.), (1) 2-bedroom/1-bath unit, and (1) 2-bedroom/2-bath (owner’s unit). Amenities include very large units, upgraded vinyl windows, on-site laundry, six garages (two with driveways), an electric gated entrance, and a 96 walk score! This rare coastal asset is NOT subject to rent control (other than CA) and is being offered for the first time in 26 years.

Property Details

Price:
$3,535,000
MLS #:
OC24179431
Status:
Active
Baths:
0
Address:
1837 E 3rd Street
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
4downtownareaalamitosbeach
City:
Long Beach
Listed Date:
Aug 29, 2024
State:
CA
ZIP:
90802
Lot Size:
8,549 sqft / 0.20 acres (approx)
Year Built:
1958
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Schools

Interior

Exterior

Community Features
Biking, Sidewalks
Garage Spaces
6.00
Lot Features
11-15 Units/ Acre
Parking Features
Assigned, Driveway, Garage
Parking Spots
12.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public

Financial

Map

Community

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1837 E 3rd Street
Long Beach, CA