33.770813 -118.19692

421 W. 3rd Long Beach, CA 90802

262568650 33.770813 -118.19692 124 /listing/262568650-150201580/421-w-3rd-long-beach-ca-90802 False 0 2600000.0 105 PW20029181 False
  • $2,600,000
  • 7,500 lot
  • Est payment $13957.36/mo

Property & Neighborhood Info

Courtesy Of Leslie Stonick, Compass

Multi-Family in Long Beach

------HUGE PRICE IMPROVEMENT---- perfect downtown Long Beach investment property. This charming craftsman is totally TURN KEY with 7 unique units located in the heart of a fast growing city and only 3 blocks to the beach. This property also falls within the PD-30 Plan for future investors. Each unit is metered separately for gas and electric, has its own tankless water heater AND has private laundry inside each unit. WOW! There are 4 large one bedroom one bath with a lovely balance of upgrades yet keeping the charm alive with exposed beams, hardwood floors and built-ins. Each unit also has their own outdoor balcony space. The 5th one bedroom one bath is a totally remodeled, very popular Air B&B that brings more income to this investment property. Upstairs is a gorgeous 3 bedroom 2 bath with gas fireplace and comes with 2 parking spaces. The last unit is an adorable studio apartment. There are 5 parking spaces on site and one separate garage space on the property. This property is at 100% capacity and tenants that do not park on site, have assigned parking directly across the street at the Gallery. A modern courtyard separates the two structures complete with lounge seating and eating area. This property has 3 security gates that allows for private entry. This investment property has it all and you can't beat this prime location. Close to THE PIKE, shoreline drive, the promenade and freeways. Great opportunity for a 10-31 exchange!!

Courtesy Of Leslie Stonick, Compass
  1. 7,500 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1910
  • Garage: 1.0
  • County: Los Angeles County
  • Units: 7
  • Subdivision: Alamitos Beach (Ab)
  • MLS Number:PW20029181

Additional Features

  • CDOM:
    • 110
  • Fuel Exp:
    • 0.00
  • Gross Income:
    • 100.00
  • Insurance Expense:
    • 0.00
  • Listing Key:
    • 364007158
  • Lot Size Acres:
    • 0.1722
  • Lot Size Square Feet:
    • 7500.00
  • Net Operating Income:
    • 145548.00
  • Number of Buildings:
    • 2
  • Operating Expense:
    • 31836.00
  • Parking Spaces:
    • 1.00
  • Price Per SQFT:
    • 346.67
  • Tax ID:
    • 7280013028
  • Total Expenses:
    • 16080.00
  • Flooring:
    • Wood
  • Sewer:
    • Public Sewer
  • Assessments:
    • Buyer to Verify
  • Water Source:
    • Public
  • Fencing:
    • Security
  • Lot Features:
    • 0-1 Unit/Acre
  • Parking:
    • Assigned
  • Special Conditions:
    • Standard
  • Common Walls:
    • 1 common wall
  • Laundry:
    • Inside
  • Year Built Source:
    • Assessor
  • Community Features:
    • Biking
  • Levels:
    • Two
  • Pool Features:
    • None
  • Architecture:
    • Craftsman
  • Land Size Source:
    • Assessor
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.
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Gail McClendon
Gail McClendon
Realtor Specialist
27802 Vista Del Lago, E2 Mission Viejo CA 92692
33.770813 -118.19692

421 W. 3rd Long Beach, CA 90802

262568650 33.770813 -118.19692 124 /listing/262568650-150201580/421-w-3rd-long-beach-ca-90802 False 0 2600000.0 105 PW20029181 False
  • $2,600,000
  • 7,500 lot
  • Est payment $13957.36/mo