1837 E 3rd Street, Long Beach, California 90802
  • $3,535,000

Overview

Property ID: OC24179431
  • Apartment, Residential Income
  • Property Type
  • 6.0
  • Garages
  • 9378 Sqft
  • Area Size
  • 1958
  • Year Built

Description

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.

  • Address: 1837 E 3rd Street
  • City: Long Beach
  • State/county: CA
  • Zip/Postal Code: 90802
  • Country: US

Details

Updated on November 21, 2024 at 12:30 am
  • Property ID OC24179431
  • Price $3,535,000
  • Property Size 9378 Sqft
  • Land Area 0.1963 Acres
  • Garages 6.0
  • Year Built 1958
  • Property Type Apartment, Residential Income
  • Property Status Closed

Additional details

  • Listing Terms Cash to New Loan
  • Sewer Public Sewer
  • County Los Angeles
  • Property Type Residential Income
  • Pool None
  • Parking Assigned, Driveway, Garage
  • Community Features Biking, Sidewalks

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