1785 E 3rd, Long Beach, CA 90802
- $2,125,000
- List Price
- $2,125,000
- Status
- ACTIVE
- MLS#
- PW26118376
- Year Built
- 1963
- Lot Size
- 4,321
- Acres
- 0.10
- Lot Location
- Corner Lot
- Days on Market
- 58
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Neighborhood
- Alamitos Heights (Ah)
Property Description
Three blocks to the ocean. This extremely well maintained asset is in one of the best rental areas of Long Beach. There is 30% upside in rents and there is a potential for the existing basement to be made into an ADU. Outstanding unit mix of (4) 1 bedroom units and (1) 1 bedroom unit. The building also has a laundry room and (4) enclosed garages. Long term owner has completed a number of recent upgrades to the property including: New exterior paint New roof upgraded plumbing new front doors and locks with "invisible" screens. New landscaping New irrigation system Walkscore.com gives the property a score of 97 out of 100, a "Walker's paradise". Local attractions include Retro row, The Pike outlets, The Promenade, Shoreline Village and trendy Pine Avenue.
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Additional Information
- Pool Description
- None
- Garage Spaces Total
- 4
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $133,200
- Operating Expense
- 47580
Listing courtesy of Listing Agent: Steve Gamez (stevenagamez@yahoo.com) from Listing Office: P.R.S. Properties.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.