1249 E 3rd St
Long Beach, CA 90802
Six Non-Rent Controlled Units in Long Beach · Multifamily Property For Sale
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6 Units
Property Facts
| No. Units | 6 | Lot Size | 0.16 AC |
| Property Type | Multifamily | Building Size | 3,276 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1923 |
| Building Class | C | Parking Ratio | 1.83/1,000 SF |
| Zoning | R3S | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 3,276 SF |
| No. Stories | 1 |
| Year Built | 1923 |
| Parking Ratio | 1.83/1,000 SF |
| Zoning | R3S |
About 1249 E 3RD ST , LONG BEACH, CA 90802
Originally built in 1923, the subject property is a 6 Unit turn-key apartment complex located in the heart of Alamitos Beach in Long Beach, CA and is NOT subject to rent control. Renovations include, but are not limited to refinished original hardwood floors, brand new kitchens with quartz countertops, new hardware and appliances, new lighting fixtures, added private fencing (select units) and numbered parking spaces. There are (5) on-site parking spaces, one unit has an attached garage and four out of six units have private yards/patios. Upside in rents and a pro forma 5.04% Cap Rate. The property is conveniently along Long Beach' s Retro Row and is walking distance to trendy eateries, coffee shops and retail stores. The location boasts a Walk Score of 87 and a Bike Score of 89, meaning most errands can be accomplished without the use of a car. Nearby parks include Carroll Parks, Bluff Park and Victory Park.
Property Taxes
| Parcel Number | 7275-009-014 | Improvements Assessment | $397,953 |
| Land Assessment | $1,124,880 | Total Assessment | $1,522,833 |
Property Taxes
