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2722 E 3rd St
Long Beach, CA 90814
Multifamily Property For Sale
·
12 Units
Property Facts
| No. Units | 12 | Building Size | 7,014 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1961 |
| Building Class | C | Parking Ratio | 0.42/1,000 SF |
| Lot Size | 0.17 AC | ||
| Zoning | LBR2A | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 7,014 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 0.42/1,000 SF |
| Zoning | LBR2A |
Amenities
Site Amenities
- Laundry Facilities
About 2722 E 3RD ST , LONG BEACH, CA 90814
Coldwell Banker Commercial Blair Westmac is pleased to present the opportunity to acquire 2722 E. 3rd Street. The property is a 7,150 Square Foot building set on an lot of 7,544 square feet that consists of (10) One Bedroom/ One bathroom units and (2) Two bedroom/ One Bathroom units. 2722 E. 3rd Street offers 7 garages to tenants as well as on-site laundry. The property presents investors with an opportunity to acquire a value-add asset with an opportunity to raise rents. The building is located in the trendy Alamitos Beach neighborhood and walking distance to the beach as well as numerous cafes, restaurants, boutiques and parks. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment of $2.2 billion. An example of this large-scale redevelopment is the Long Beach Civic Center, which is estimated to be completed early 2019. The Civic Center will include a new city hall and the Port of Long Beach headquarters, as well as multi family residential units. Long Beach sustains its ability to attract renters due to its strong economy, access to the beach and high quality of life.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | - | - |
Property Taxes
| Parcel Number | 7263-027-008 | Improvements Assessment | $2,241,973 |
| Land Assessment | $1,093,645 | Total Assessment | $3,335,618 |
Property Taxes
