1837 E 3Rd Street, Long Beach, CA 90802

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Property 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.


Interior Features

Laundry Information
Location(s) Common Area
Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 1837 E 3Rd Street
City Long Beach
State CA
Zip 90802
County Los Angeles
Listing Agent Pat Swanson DRE #01382974
Courtesy Of Pat Swanson
List Price $3,535,000
Status Active
Type Residential Income
Subtype Apartment
Structure Size N/A
Lot Size 8,549
Year Built 1958

Listing information courtesy of: Pat Swanson, Pat Swanson. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:00 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.