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1837 E 3rd St
Long Beach, CA 90802
12 Units Three Blocks to the Beach · Multifamily Property For Sale
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12 Units
Investment Highlights
- 6% Actual CAP Rate / 8.21% Pro-Forma CAP Rate
- 6 Garages with 6 Open Parking Spots avail behind each
- No Rent Control (Other than CA)
- 3 Blocks to the Water with a 96 Walk Score!
- Very Large Units!
- 5 Year Old Roof with Double Pained Windows throughout
Property Facts
| No. Units | 12 | Building Size | 9,378 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1958 |
| Building Class | C | Parking Ratio | 1.28/1,000 SF |
| Lot Size | 0.20 AC | ||
| Zoning | R4N, Long Beach | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 9,378 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 1.28/1,000 SF |
| Zoning | R4N, Long Beach |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
- Vinyl Flooring
Site Amenities
- Controlled Access
- Laundry Facilities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | 750 |
| 2+1 | 1 | - | 875 |
| 2+2 | 1 | - | 1,000 |
Property Taxes
| Parcel Number | 7275-018-040 | Improvements Assessment | $1,500,000 |
| Land Assessment | $1,700,000 | Total Assessment | $3,200,000 |
Property Taxes
Parcel Number
7275-018-040
Land Assessment
$1,700,000
Improvements Assessment
$1,500,000
Total Assessment
$3,200,000
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