3024 E 3rd St | Long Beach, CA 90814
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- LoopNet Team
3024 E 3rd St
Long Beach, CA 90814
Multifamily Property For Sale · 15 Units
INVESTMENT HIGHLIGHTS
- Excellent opportunity to acquire a turnkey building at a 5.70% current cap rate
- Three brand new ADU’s boost the unit count to take advantage of the area’s high rental demand and generate significant additional income
- Located in the desirable Bluff Heights neighborhood walkable to dining, retail, and the beach
- 12% rental upside
PROPERTY FACTS
| No. Units | 15 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 8,981 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low Rise | Year Built | 1957 |
| Building Class | C | Parking Ratio | 0.67/1,000 SF |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 8,981 SF |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 0.67/1,000 SF |
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | - | - |
| 1+1 | 11 | - | - |
| 2+2 | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 7257-028-004 | Improvements Assessment | $1,326,510 |
| Land Assessment | $1,989,765 | Total Assessment | $3,316,275 |
PROPERTY TAXES
Parcel Number
7257-028-004
Land Assessment
$1,989,765
Improvements Assessment
$1,326,510
Total Assessment
$3,316,275
ZONING
| Zoning Code | LBR2A |
| LBR2A |
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