1837 E 3rd Street Long Beach, CA 90802
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 TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site34 Days
- MLS StatusActive
- MLS ID NumberOC24179431
- Home Size Source N/A
- Year Built1958
- Lot Size0.1963 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking AssignedDrivewayGarage
- Parking Spaces 12
- Sewer Public Sewer
- Number of Stories 22
- Acreage 0.1963
- Water Public
- Property Sub Type Apartment
- Garage Spaces 6
- Zoning LBR1N
- Listing Conditions Standard
Interior Features
- Laundry Features Common Area
Exterior Features
- Pool Features None
- Lot 11-15 Units/ Acre
Community Features
- Community Features BikingSidewalks
- Senior Community No
- MLS Area 4 - Downtown Area, Alamitos Beach