33.769295 -118.172455

1518 E 3rd Street Long Beach, CA 90802

251607141 33.769295 -118.172455 124 /listing/251607141-150289293/1518-e-3rd-street-long-beach-ca-90802 False 0 7150000.0 105 PW19229471 False
  • $7,150,000
  • 8,269 lot
  • Est payment $38382.75/mo

Property & Neighborhood Info

Courtesy Of Robert Stepp, Keller Williams Pacific Estate

Multi-Family in Long Beach

1518 E. 3rd Street is a 22-unit apartment complex located in prime Alamitos Beach, just three blocks to the ocean and bike path. The property offers a desirable mix of (19) one-bedroom and (3) two-bedroom units. Seventeen of the 22 units are fully renovated, including new flooring, modern kitchens and baths and upgraded fixtures throughout. A majority of remodeled apartments have in-unit washer/dryers and on-site laundry is available for the remaining units. The property is in close proximity to the hip boutiques, restaurants and bars along Fourth Street/Retro Row and along the Broadway Corridor. The neighborhood is also adjacent to East Village Arts District, Downtown Long Beach and a myriad of employment opportunities. According to Niche website, Alamitos Beach ranks as the number three of 47 Best Neighborhoods for Young Professionals. Rents in this submarket are 19% higher than other Long Beach submarkets, on average. 1518 E. 3rd Street is an attractive investment asset with rental upside potential in an outstanding Alamitos Beach location with historically low vacancy rates.

Courtesy Of Robert Stepp, Keller Williams Pacific Estate
  1. 8,269 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1964
  • Garage: 2.0
  • Floors: 3
  • County: Los Angeles County
  • Units: 22
  • Zoning: LBR2N
  • Subdivision: Alamitos Beach (Ab)
  • MLS Number:PW19229471

Additional Features

  • Laundry:
    • Individual Room
  • Common Walls:
    • 2+ common walls
  • Levels:
    • Three Or More
  • Water Source:
    • Public
  • Year Built Source:
    • Assessor
  • Land Size Source:
    • Assessor
  • Lot Features:
    • 21-25 Units/Acre
  • Pool Features:
    • None
  • Parking:
    • Garage
    • Subterranean
  • Parking Spaces:
    • 16.00
  • Heating:
    • Radiant
  • Sewer:
    • Public Sewer
  • Community Features:
    • Sidewalks
    • Urban
  • Number of Buildings:
    • 1
  • Gross Income:
    • 480550.00
  • Net Operating Income:
    • 325570.00
  • CDOM:
    • 139
  • Special Conditions:
    • Standard
  • Fuel Exp:
    • 3850.00
  • Insurance Expense:
    • 4543.00
  • Listing Key:
    • 363495838
  • Lot Size Acres:
    • 0.1898
  • Lot Size Square Feet:
    • 8269.00
  • Maintenance Exp:
    • 8250.00
  • Operating Expense:
    • 154980.00
  • Price Per SQFT:
    • 435.23
  • Tax ID:
    • 7275012016
  • Total Expenses:
    • 154980.00
Neighborhood info courtesy of Homes.com © 2020

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Lily Liang
Lily Liang
Executive Vice President
550 Silver Spur #240 Rolling Hills Estates CA 90274
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33.769295 -118.172455

1518 E 3rd Street Long Beach, CA 90802

251607141 33.769295 -118.172455 124 /listing/251607141-150289293/1518-e-3rd-street-long-beach-ca-90802 False 0 7150000.0 105 PW19229471 False
  • $7,150,000
  • 8,269 lot
  • Est payment $38382.75/mo