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    2055 E 3rd Street

    Long Beach, CA 90814
    • $5,450,000
    • STATUS: Active
    • ON SITE: 58 days
    • ID#: PW21054014
    UPDATED: 56 min ago
    $5,450,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,286
      SQFT
    • $587
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1927
    County:

    School Ratings & Info

    Description

    We are pleased to present a 13-unit multifamily property. Built in 1927, Casa del Patio is a quintessential example of Spanish Colonial Revival. The subject property consists of 9,286 rentable square feet spread throughout a 9,226 square foot lot. The building consists of six studio units, six 1-bedroom / 1-bathroom units, and one 2-bedroom / 1-bathroom unit. It contains five Lift Master mechanical garages and numerous private and communal patios for tenants.The units were fully renovated and re-imagined, including creative amenities such as hardwood floors, vaulted ceilings, and open living areas. The layout for each unit was redesigned to maximize living space, emphasize natural light, and to accentuate architectural elements. The complete renovation ensured the building would be brought up to current standards post Title-24. This included all new interiors, new kitchens and bathrooms, new washers / dryers in every unit, new wiring, new HVAC, new plumbing and sewers, foundation upgrades, new commercial-grade water heater, replaced missing roof tiles, exterior paint, 2 water main, and landscaping.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-13T17:39:28.44. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/115126196
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    2055 E 3rd Street Long Beach, CA 90814

    • Price: $5,450,000
    • Status: Active
    • Updated: 56 min ago
    • ID#: PW21054014
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    9,286
    SQFT
    $587
    $/SQFT
    1927
    Built
    Neighborhood:
    Alamitos Beach (Ab)
    County:
    Los Angeles
    Area:
    4 - Downtown Area, Alamitos Beach
    Property Description
    We are pleased to present a 13-unit multifamily property. Built in 1927, Casa del Patio is a quintessential example of Spanish Colonial Revival. The subject property consists of 9,286 rentable square feet spread throughout a 9,226 square foot lot. The building consists of six studio units, six 1-bedroom / 1-bathroom units, and one 2-bedroom / 1-bathroom unit. It contains five Lift Master mechanical garages and numerous private and communal patios for tenants.The units were fully renovated and re-imagined, including creative amenities such as hardwood floors, vaulted ceilings, and open living areas. The layout for each unit was redesigned to maximize living space, emphasize natural light, and to accentuate architectural elements. The complete renovation ensured the building would be brought up to current standards post Title-24. This included all new interiors, new kitchens and bathrooms, new washers / dryers in every unit, new wiring, new HVAC, new plumbing and sewers, foundation upgrades, new commercial-grade water heater, replaced missing roof tiles, exterior paint, 2 water main, and landscaping.
    Exterior Features

    Lot Features 11-15 Units/Acre Number Of Separate Electric Meters 0 Parking Total 5 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Appliances DryerWasher Common Walls 2+ Common Walls Fireplace Features None Fireplace YN No

    Property Features

    Additional Parcels YN No Common Interest None Community Features CurbsSidewalks Electric Expense 1230 Fuel Expense 1230 Garage YN Yes Gross Income 309240 Gross Scheduled Income 309240 Insurance Expense 5517 Land Lease YN No Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Maintenance Expense 7500 Net Operating Income 213448 New Construction YN No New Taxes Expense 68125 Number Of Separate Gas Meters 13 Number Of Separate Water Meters 1 Operating Expense 98695 Other Expense 1300 Rent Control YN Yes Senior Community YN No Sewer Septic Type UnknownUnknown Special Listing Conditions Standard Trash Expense 1230 Water Sewer Expense 1230 Water Source Public Zoning Lbr1n

    Listing provided courtesy of Kevin King of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-13T17:39:28.44. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
     
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