Long Beach, CA 90802 1135 E 3rd Street
$2,100,000
11 more
Presented By: Damien Breaux with Morgan Skenderian; db@morganskenderian.com
Beds • 3
Baths • 4
SQFT • 6,715
Garage • 1
Year Built • 1923
Home Details
Pleased to present 1135 E. 3rd Street, an 11-unit apartment investment opportunity located in the sought-after Long Beach neighborhood of Alamitos Beach. Offered for sale for the first time in decades, the property is ideally located just a short walk from the beach, and mere minutes from both Downtown and Retro Row. It is comprised of (10) studios (2 of which are exceptionally large), and (1) detached 3-bedroom/2-bathroom house, with its own garage. 1135 E. 3rd St. offers substantial upside potential by updating the units and bringing rents closer to market levels.
Presented By: Damien Breaux with Morgan Skenderian; db@morganskenderian.com
Interior Features for 1135 E 3rd 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 1135 E 3rd Street
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.51
Carport Y/NNo
CityLong Beach
Community FeaturesCurbs, Gutters, Sidewalks
CountyLos Angeles
DirectionsNorth of E. Broadway and East of Alamtios Avenue
Electric Expense2556.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense2556.0
Garage Spaces1.0
Garage Y/NYes
Gross Income2016.0
HOANo
Home Warranty Y/NNo
Insurance Expense7407.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan, Conventional
Lot Size Square Feet8459.0
Lot Size UnitsSquareFeet
MLS Area4 - Downtown Area, Alamitos Beach
MaintenanceExpense7507.0
MobileHomeRemainsYNNo
Net Operating Income94767.0
New ConstructionNo
Number Of Units Total11
Operating Expense55365.0
Pool FeaturesNone
Property Attached Y/NNo
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Subdivision NameDowntown (DT)
Tax Annual Amount28147.0
Tax Lot14
Taxes$28,147
Total Actual Rent12730.0
Trash Expense2556.0
Water Sewer Expense2556.0
Waterfront Y/NNo
Year Built1923
Year Built SourceAssessor
ZoningLBR3S
Exterior for 1135 E 3rd Street
Building Area Total6715.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1942
Lot Size Area8459.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters12
Number of Separate Gas Meters12
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking1.0
Water SourcePublic
Additional Details
Price History
Alexandra Eston
Sales Associate
Price
$2,100,000
MLS#PW24222836
List Date
10/28/2024
Property Type
Multi-Family
Phone
(562) 537-4182
