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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 |
| Zoning | LBR2A | ||
| 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 |
| Zoning | LBR2A |
Amenities
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 | $1,353,040 |
| Land Assessment | $2,029,560 | Total Assessment | $3,382,600 |
Property Taxes
Parcel Number
7257-028-004
Land Assessment
$2,029,560
Improvements Assessment
$1,353,040
Total Assessment
$3,382,600
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