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$5,700,000
1028 E 3rd St, Long Beach, CA 90802
0 Beds
0 Baths
9,452 SqFt

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**FULLY RENOVATED: Over $50k Spent Per Unit** **4.5% Year One Cash-on-Cash Return** **100% Occupied w/Robust Rents** This 12-unit property offers 10 - one/bedrooms and 2- two/bedrooms w/two baths with all units fully remodeled to an extremely high standard, including wood laminate flooring, custom cabinetry, quartz countertops, farmhouse sinks, stainless steel appliances/dishwashers, ceiling fans/air-conditioning, bathroom vanities/porcelain tiled flooring and designer lighting throughout. The plumbing was updated to 100% copper and all units have their own private laundry and are separately metered for gas/electric. This location affords tenants the convenience of being adjacent to the hip/eclectic East Village Arts District as well as Retro Row while being just a short bike ride to Shoreline Village/Belmont Shore.
  • Price:
  • $5,700,000
  • Square Footage:
  • 9,452
  • Acreage:
  • 0.17
  • Year Built:
  • 1962
  • Listing ID #:
  • 22157707
  • Street Address:
  • 1028 E 3rd St
  • City:
  • Long Beach
  • State:
  • California
  • Postal Code:
  • 90802
  • County:
  • Los Angeles
  • Community:
  • Downtown Area/ Alamitos Beach
  • Listing Status:
  • Active
  • Listing Type:
  • Residential Income
  • Building Condition:
  • Updated/Remodeled
  • Building Faces:
  • North
  • Foundation:
  • Raised
  • Interior Features:
  • Ceiling Fan(s)
  • Number Of Floors In Unit:
  • Multi/Split
  • Number Of Units:
  • 12
  • Total # Of Buildings:
  • 2
  • Total Building Square Footage:
  • 9452
  • Year Built:
  • 1962
  • Gross Income:
  • 356400
  • Net Operating Income:
  • 322008
  • Conforms To Zoning:
  • Lbr3s
  • Lot Size:
  • 7505
  • Lot Square Footage:
  • 7505
  • Days On Market:
  • 139
  • On Market Date:
  • 2022-05-13
  • Originating Mls:
  • Crmls
  • Laundry:
  • Stacked
  • Garage Parking Spaces:
  • 6
  • Has Garage:
  • Yes
  • Parking Spaces:
  • 8
  • Appliances:
  • Dishwasher, Gas Cooktop, Microwave, Oven, Dryer, Washer
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Agent Byron Field with Keller Williams Larchmont
  • CACRMLS

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