Long Beach, CA 90802,1837 E 3rd ST
Long Beach, CA 90802,1837 E 3rd ST
Long Beach, CA 90802,1837 E 3rd ST
12
$3,200,000
$3,535,000
9.5%
Est.Price: ?

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8,550 Sqft Lot

1837 E 3rd ST Long Beach, CA 90802

Est. payment /mo
SOLD DATE : 11/19/2024

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Key Details

Sold Price $3,200,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID OC24179431

Year Built 1958

Lot Size 8,550 Sqft

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 4 - Downtown Area, Alamitos Beach

Zoning LBR1N

Interior

Laundry Common Area

Exterior

Garage Assigned, Driveway, Garage

Garage Spaces 6.0

Garage Description 6.0

Pool None

Community Features Biking, Sidewalks

Building

Lot Description 11-15 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Pat Swanson • Pat Swanson • 213-864-2862
Bought with Anthony Walker • Buckingham Investments, Inc

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Norma Mardelli

Agent | License ID: 01477249

+1(818) 400-3794

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