Long Beach, CA 90802,1837 E 3rd Street
Long Beach, CA 90802,1837 E 3rd Street
Long Beach, CA 90802,1837 E 3rd Street
$3,200,000
Est. payment /mo
$3,535,000
9.5%
Est.Price: ?

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9,378 SqFt
SOLD DATE : 11/19/2024

Key Details

Sold Price $3,200,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 9,378 sqft

Price per Sqft $341

MLS Listing ID CROC24179431

Sold Date 11/19/24

HOA Y/N No

Year Built 1958

Lot Size 8,549 Sqft

Acres 0.2

Property Description

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.

Location

State CA

County Los Angeles

Area Listing

Zoning LBR1

Interior

Fireplace No

Laundry Other

Building

Sewer Public Sewer

Water Public

New Construction No

Others

Tax ID 7275018040

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Bridge MLS
Listed by Pat Swanson • Pat Swanson
Bought with AnthonyWalker

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Parisa Samimi

+1(510) 410-4050

Founder & Real Estate Broker | License ID: 01858122

Founder & Real Estate Broker License ID: 01858122

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