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1837 E 3rd ST Long Beach, CA 90802
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Key Details
Sold Price $3,200,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CROC24179431
Sold Date 11/19/24
Originating Board California Regional MLS
Year Built 1958
Lot Size 8,549 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
Interior
Laundry Laundry Area
Exterior
Parking Features Assigned Spaces, Garage, Other
Garage Spaces 12.0
Pool None
Building
Water District - Public
Others
Tax ID 7275018040
Special Listing Condition Not Applicable
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Bought with Anthony Walker