Keegan Cin | Realtor® | License # DRE 01971604

Property

Long Beach, CA 90804 3243 E 10th Street

3243 E 10th Street Long Beach, CA - Image 13243 E 10th Street Long Beach, CA - Image 23243 E 10th Street Long Beach, CA - Image 3
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3243 E 10th Street Long Beach, CA - Image 43243 E 10th Street Long Beach, CA - Image 53243 E 10th Street Long Beach, CA - Image 63243 E 10th Street Long Beach, CA - Image 73243 E 10th Street Long Beach, CA - Image 83243 E 10th Street Long Beach, CA - Image 9
Presented By: Tyler Leeson with Marcus & Millichap RE Invest; tleeson@marcusmillichap.com
  • MLS# OC25050168
  • 03/06/2025
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  • Beds • 8
  • Baths • 3
  • SQFT • 4,543
  • Garage • 3
  • Year Built • 1958

Home Details

3243 East 10th Street is an 8-unit multifamily investment opportunity located in Long Beach, CA. 3243 East 10th Street offers an attractive mix of studio, one, and two-bedroom floor plans, which helps the property appeal to a diverse renter pool. Additionally, the well-maintained property features a central courtyard, dual-pane windows, and security doors, as well as income-producing amenities including an on-site laundry facility 1, surface parking space, and 3, garage parking spaces. Resident’s enjoy the property’s walkable access to the Food 4 Less and Rite Aid anchored Belmont Center, at the intersection of Anaheim Street and Obispo Avenue. Additionally, 3243 East 10th Street benefits from its optimal central Long Beach location, providing convenient access throughout the city. The property places residents a short drive away from Woodrow Wilson High School, Recreation Park, Retro Row, and an abundance of Long Beach’s most popular beaches. Furthermore, 3243 East 10th Street is within 2 miles of California State University, Long Beach and the Veteran Affairs Medical Center, two of the city’s premier employers with a combined total of over 7,000 employees, according to Long Beach’s 2023 Annual Comprehensive Financial Report. In summary, 3243 East 10th Street’s fantastic location offers residents a wide variety of activities, employment, transportation, and retail amenities, all of which will attract a diverse renter pool. With substantial upside and strong rental metrics, 3243 East 10th Street represents an attractive opportunity for a new owner seeking well located units.
Presented By: Tyler Leeson with Marcus & Millichap RE Invest; tleeson@marcusmillichap.com

Interior Features for 3243 E 10th Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2

Other Rooms

Entry Level1

General for 3243 E 10th Street

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.56
Carport Y/NNo
CityLong Beach
Community FeaturesCurbs, Gutters, Sidewalks
CountyLos Angeles
DirectionsCross Streets of 10th Street & Coronado Avenue
Electric Expense1194.0
Electric On Property Y/NNo
Entry LocationFirst level
Fuel Expense1194.0
Garage Spaces3.0
Garage Y/NYes
Gross Income152453.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense6400.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan, Conventional, Exchange1031
Lot Size Square Feet3920.4
Lot Size UnitsAcres
MLS Area3 - Eastside, Circle Area
MaintenanceExpense5600.0
MobileHomeRemainsYNNo
Net Operating Income94461.0
New ConstructionNo
Number Of Units Total8
Open Parking Spaces1.0
Operating Expense53478.0
Pool FeaturesNone
Property Attached Y/NNo
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Subdivision NameEastside (ES)
Tax Lot24
Taxes$21,084
Trash Expense1194.0
Water Sewer Expense1194.0
Waterfront Y/NNo
Year Built1958
Year Built SourceAssessor
ZoningLBR2N

Exterior for 3243 E 10th Street

Building Area Total4543.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesStreetLevel
Lot Size Acres0.09
Lot Size Area0.09
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters8
Number of Separate Gas Meters8
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking4.0
Water SourcePublic

Additional Details

Price History

Keegan Cin

Team Lead
Price $1,700,000
MLS#OC25050168
List Date 03/06/2025
Property Type Multi-Family
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