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405 W 3rd St
Long Beach, CA 90802
Multifamily Property For Sale
·
9 Units
Property Facts
| No. Units | 9 | Lot Size | 0.06 AC |
| Property Type | Multifamily | Building Size | 4,320 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1922 |
| Building Class | C | ||
| Zoning | LBPD30 - Industrial Planned Development | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,320 SF |
| No. Stories | 2 |
| Year Built | 1922 |
| Zoning | LBPD30 - Industrial Planned Development |
About 405 W 3RD ST , LONG BEACH, CA 90802
405 W 3rd St Ave is a two story apartment building comprised of two (2) studios and seven (7) one-bedrooms with all units separately metered for gas and electric. The building is located in the heart of Downtown Long Beach, known for it's historical architecture and thriving cultural arts scene along with numerous tourist attractions, hotels and restaurants that serve locals, tourists, and convention visitors alike. The area has been experiencing a major flurry of development lately, with nearly three dozen new projects on the way, valued at roughly $3.5 billion making this a fantastic opportunity for the value-add buyer looking for significant upside potential.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | $685.00 | 300 |
| 1+1 | 7 | $845.00 | 525 |
Property Taxes
| Parcel Number | 7280-013-032 | Improvements Assessment | $585,645 |
| Land Assessment | $1,338,620 | Total Assessment | $1,924,265 |
Property Taxes
Parcel Number
7280-013-032
Land Assessment
$1,338,620
Improvements Assessment
$585,645
Total Assessment
$1,924,265
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