1135 E 3rd St Long Beach, CA 90802
North Alamitos Beach NeighborhoodEstimated payment $11,837/month
Highlights
- 0.19 Acre Lot
- Long Beach Polytechnic High School Rated A
- Laundry Room
About This Home
Pleased to present 1135 E. 3rd Street, an 11-unit apartment investment opportunity located in the sought-after Long Beach neighborhood of Alamitos Beach. Offered for sale for the first time in decades, the property is ideally located just a short walk from the beach, and mere minutes from both Downtown and Retro Row. It is comprised of (10) studios (2 of which are exceptionally large), and (1) detached 3-bedroom/2-bathroom house, with its own garage. 1135 E. 3rd St. offers substantial upside potential by updating the units and bringing rents closer to market levels.
Listing Agent
Morgan Skenderian Brokerage Email: db@morganskenderian.com License #01460301 Listed on: 10/28/2024
Co-Listing Agent
Morgan Skenderian Brokerage Email: db@morganskenderian.com License #01273871
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $25,036
Year Built
- Built in 1923
Lot Details
- 8,459 Sq Ft Lot
- No Common Walls
Parking
- 1 Car Garage
Home Design
- Entry on the 1st floor
Interior Spaces
- 6,715 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 4 Bathrooms
Outdoor Features
- Rain Gutters
Listing and Financial Details
- Legal Lot and Block 14 / 138
- Tax Tract Number 576501
- Assessor Parcel Number 7275005018
- $2,017 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 11 Units
- Downtown Subdivision
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 12 Separate Electric Meters
- 12 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $2,556
- Fuel Expense $2,556
- Insurance Expense $7,407
- Maintenance Expense $8,045
- Other Expense $1,000
- Pest Control $1,080
- Trash Expense $2,556
- Water Sewer Expense $2,556
- New Taxes Expense $25,036
- Operating Expense $52,792
- Gross Income $2,016
- Net Operating Income $108,107
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/22/2025 09/22/25 | Price Changed | $1,850,000 | -5.1% | $276 / Sq Ft |
| 05/19/2025 05/19/25 | Price Changed | $1,950,000 | -7.1% | $290 / Sq Ft |
| 01/30/2025 01/30/25 | Price Changed | $2,100,000 | -6.7% | $313 / Sq Ft |
| 10/28/2024 10/28/24 | For Sale | $2,250,000 | -- | $335 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24222836
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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