1249 E 3rd Street

    Long Beach, CA 90802
    • $1,875,000
    • STATUS: Active
    • ON SITE: 132 days
    • ID#: PW18051327
    $1,875,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,276
      SQFT
    • $572
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:

    School Ratings & Info

    Description

    Just Reduced $75k! The 3rd St. Apartments present the opportunity to acquire a turnkey asset in a high-demand Alamitos Beach location. The property has been extensively upgraded, and there is on-site parking for every unit. In close proximity to Retro Row, Downtown, and the Marina, the location also has a Walk Score of 87, with schools, parks, restaurants and retail destinations all available within minutes. Four units have patios/yards, and one unit has a garage.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-16T00:28:38.717. 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, 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.
    www.playavistaliving.com/homes/81297078

    1249 E 3rd Street Long Beach, CA 90802

    • Price: $1,875,000
    • Status: Active
    • ID#: PW18051327
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    3,276
    SQFT
    $572
    $/SQFT
    1923
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Los Angeles
    Area:
    699 - Not Defined
    Property Description
    Just Reduced $75k! The 3rd St. Apartments present the opportunity to acquire a turnkey asset in a high-demand Alamitos Beach location. The property has been extensively upgraded, and there is on-site parking for every unit. In close proximity to Retro Row, Downtown, and the Marina, the location also has a Walk Score of 87, with schools, parks, restaurants and retail destinations all available within minutes. Four units have patios/yards, and one unit has a garage.
    Exterior Features

    Garage Spaces 1.00 Lot Features 6-10 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 1.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Laundry Features None Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.43 Community Features Sidewalks Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 900.00 Gross Income 124020.00 Gross Multiplier 15.12 Gross Operating Income 120299.00 Gross Scheduled Income 124020.00 Insurance Expense 1310.00 Land Lease YN No Laundry YN No Maintenance Expense 5931.00 Maintenance Percent 5.00 Net Operating Income 83035.00 New Taxes Expense 23727.00 Number Of Separate Electric Meters 7 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 1 Operating Expense 37264.00 Operating Expense Percent 30.00 Other Expense 500.00 Other Expense Description Admin Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Total Expenses 37264.00 Trash Expense 2448.00 Vacancy Allowance 3721 Vacancy Allowance Rate 3.00 Water Sewer Expense 2448.00 Water Source Public Year Built Source Assessor Zoning Lbr3s

    Listing provided courtesy of Damien Breaux of Morgan Skenderian.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-16T00:28:38.717. 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, 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.
     
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