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1028 E 3rd St
Long Beach, CA 90802
Multifamily Property For Sale
·
12 Units
Investment Highlights
- 5.4% Year One Cash-on-Cash Return
- Stabilized Market Rents w/4.35% Cap Rate
- 6 Single Car Garages
- Extensively Renovated w/Over $50k Per Unit
- Units Feature Brand New A/C, Dishwasher & Private Laundry
- 100% Occupied w/Robust Rents
Property Facts
| No. Units | 12 | Building Size | 9,452 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1962/2020 |
| Building Class | C | Parking Ratio | 0.63/1,000 SF |
| Lot Size | 0.17 AC | ||
| Zoning | LBR3S | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 9,452 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1962/2020 |
| Parking Ratio | 0.63/1,000 SF |
| Zoning | LBR3S |
Amenities
Unit Amenities
- Washer/Dryer
- Ceiling Fans
- Stainless Steel Appliances
Site Amenities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | $2,188 | - |
| 2+1 | 2 | $2,900 | - |
Property Taxes
| Parcel Number | 7275-003-022 | Improvements Assessment | $1,859,197 |
| Land Assessment | $1,640,468 | Total Assessment | $3,499,665 |
Property Taxes
Parcel Number
7275-003-022
Land Assessment
$1,640,468
Improvements Assessment
$1,859,197
Total Assessment
$3,499,665
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