Skip To Content

1028 E 3Rd Street

Long Beach, CA 90802
  • $5,700,000
  • STATUS: Active
  • ON SITE: 126 Days
  • ID#: 21751042
$5,700,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1962
County:

School Ratings & Info

Description

**FULLY RENOVATED: Over $50k Spent Per Unit** **5.4% Year One Cash-on-Cash Return** **100% Occupied w/Robust Rents** This 12-unit property offers 10 - one/bedrooms and 2- two/bedrooms w/two baths with all units fully remodeled to an extremely high standard, including wood laminate flooring, custom cabinetry, quartz countertops, farmhouse sinks, stainless steel appliances/dishwashers, ceiling fans/air-conditioning, bathroom vanities/porcelain tiled flooring and designer lighting throughout. The plumbing was updated to 100% copper and all units have their own private laundry and are separately metered for gas/electric. This location afford tenants the convenience of being adjacent to the hip/eclectic East Village Arts District as well as Retro Row while being just a short bike ride to Shoreline Village/Belmont Shore.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-24T00:26:01.947. 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 deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
www.therealestategirl.com/homes/118515963
Print Image

1028 E 3Rd Street Long Beach, CA 90802

  • Price: $5,700,000
  • Status: Active
  • ID#: 21751042
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1962
Built
Neighborhood:
4 - Downtown Area, Alamitos Beach
County:
Los Angeles
Area:
4 - Downtown Area, Alamitos Beach
Property Description
**FULLY RENOVATED: Over $50k Spent Per Unit** **5.4% Year One Cash-on-Cash Return** **100% Occupied w/Robust Rents** This 12-unit property offers 10 - one/bedrooms and 2- two/bedrooms w/two baths with all units fully remodeled to an extremely high standard, including wood laminate flooring, custom cabinetry, quartz countertops, farmhouse sinks, stainless steel appliances/dishwashers, ceiling fans/air-conditioning, bathroom vanities/porcelain tiled flooring and designer lighting throughout. The plumbing was updated to 100% copper and all units have their own private laundry and are separately metered for gas/electric. This location afford tenants the convenience of being adjacent to the hip/eclectic East Village Arts District as well as Retro Row while being just a short bike ride to Shoreline Village/Belmont Shore.
Exterior Features

Foundation Details Raised Parking Total 6 Roof Common Roof

Interior Features

Appliances DishwasherGas CooktopDisposalGas OvenMicrowaveDryerWasher Flooring Wood Heating Electric Heating YN Yes Interior Features Ceiling Fan(S)

Property Features

Garage YN Yes Gross Income 351384 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 247764 Property Condition Updated/Remodeled Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGas Vacancy Allowance Rate 0 Zoning Lbr3s

Listing provided courtesy of Byron Field of Keller Williams Larchmont


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-24T00:26:01.947. 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 deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_365632896-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_365632896-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_365632896-1.jpg
Logo
Keller Williams Realty
,