3010 E 3rd Street, Long Beach, CA 90814

$3,400,000
List Price
$3,400,000
Price Change
▼ $100,000 1664835472
Status
ACTIVE
MLS#
PW22120296
Year Built
1923
Lot Size
7,501
Acres
0.17
Lot Location
Zero Lot Line
Days on Market
228
Property Type
Multifamily
Style
Spanish
Property Sub Type
Mixed Use
Stories
Two Levels
Neighborhood
Belmont Heights (Bh)

Property Description

Classically Aesthetic 14 Unit Apartment Building in Bluff Heights Historical District. Ideal location in a highly desirable rental area. Being beach close with nearby amenities such as Retro Row, Broadway Corridor, numerous bike paths and great walkability yields a typically low vacancy rate. The building offers a mix of 3 upper level one Bedrooms and 11 Studio units. All have vintage built-ins, flooring and fixtures with enduring appeal. Tenants benefit from small private outdoor spaces for five studio units, and the other five have a short outdoor stoop large enough for small tables and chairs. Majority of the roof is approximately 5-6 years old. Separate electrical meters, with upgrades to both electrical and plumbing. Some gas furnaces have been replaced with electric. The building has three 1 car garages providing additional income. Consistently performing asset with market upside on rents.

Additional Information

Appliances
Gas Range, Refrigerator
Pool Description
None
Heat
Wall Furnace
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
View
None
Roof
Flat
Garage Spaces Total
3
Sewer
Public Sewer
Water
Public
Interior Features
Ceiling Fan(s), UtilityRoom
Attached Structure
Attached
Number Of Units Total
14
Gross Scheduled Income
$231,605
Operating Expense
80116

Listing courtesy of Listing Agent: Wayne Ishimine (wayneish@kw.com) from Listing Office: Keller Williams Pacific Estate.

Mortgage Calculator

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Calculator source: Real Geeks

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.