1837 E 3rd Street, Long Beach CA, 90802

Sold

Closed

1837 E 3rd Street

Long Beach CA, 90802

$3,200,000

$341.22 per sqft

Sold

Closed

9,378 sqft

Condos

Built in 1958

Listed by Pat Swanson with Pat Swanson 213-864-2862

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.

OC24179431

MLSⓇ ID

August 31, 2024

Listed

December 5, 2024

Updated

Map

1837 E 3rd Street
Long Beach CA, 90802

Interior Features

Total Stories: 2
Laundry Description: Common Area
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.2 Acres
Lot Features: 11-15 Units/Acre
Sewer: Public Sewer

Other Property Details

Area Name: 4 - Downtown Area, Alamitos Beach
Days on Market: 61
Garage: Yes
Garage Spaces: 6
Parking: Assigned, Driveway, Garage
Parking Total: 12
View: No
County: Los Angeles
Water Source: Public
Pool: No
Pool Features: None
Zoning: LBR1N

Listing History

Date	Event	Price
11/21/2024	Sold	$3,200,000
11/1/2024	Pending	—

Listing Contact: 949-724-5564

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/5/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 12/5/2024 at 9:31 AM UTC