$1,750,000
SOLD DEC 22, 2025
3 Beds
4 Baths
6,715 Sq Ft
8,459 Sq Ft Lot

Recently Sold

$261 Per Sq Ft

22% Below List Price

408 Days on Market

Highlights

  • 0.19 Acre Lot
  • Long Beach Polytechnic High School Rated A
  • Laundry Room

About This Home

As of December 2025

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.

Last Agent to Sell the Property

Damien Breaux

Morgan Skenderian Brokerage Email: db@morganskenderian.com License #01460301 Listed on: 10/28/2024

Co-Listed By

Rick Applebaum

Morgan Skenderian Brokerage Email: db@morganskenderian.com License #01273871

Last Buyer's Agent

Damien Breaux

Morgan Skenderian Brokerage Email: db@morganskenderian.com License #01460301 Listed on: 10/28/2024

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$25,036

Year Built

Built in 1923

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • CapRate: 5.84
  • Property Attached: No
  • Subdivision Name Other: Downtown (DT)
  • Water Sewer Expenses: 2556.00
  • Zoning: LBR3S
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7275005018
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 260.61

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Pest Control Expense: 1080.00
  • Sewer: Public Sewer
  • Trash Expense: 2556.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 8459.00
  • Lot Size Acres: 0.1942

Multi Family

  • Electric Expense: 2556.00
  • Fuel Expense: 2556.00
  • Gross Income: 2016.00
  • Gross Multiplier: 11.15
  • Gross Operating Income: 160899.00
  • Gross Scheduled Income: 165876.00
  • Insurance Expense: 7407.00
  • Laundry Income: 2016.00
  • Lot Size Area: 8459.0000 Square Feet
  • Maintenance Expense: 8045.00
  • Net Operating Income: 108107.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 11
  • Operating Expense: 52792.00
  • Other Expense: 1000.00
  • Other Expense Description: admin
  • Rent Control: Yes
  • Total Actual Rent: 13655.00
  • Total Expenses: 52792.00

Tax Info

  • New Taxes Expense: 25036.00
  • Tax Block: 138
  • Tax Census Tract: 5765.01
  • Tax Lot: 14
  • Tax Tract Number: 576501
  • Tax Annual Amount: 25036.00
  • TaxOtherAnnualAssessmentAmount: 2017.00
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/22/2025 12/22/25 Sold $1,750,000 -5.4% $261 / Sq Ft
12/10/2025 12/10/25 Pending -- -- --
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)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,000 $568,742 $227,494 $341,248
2024 $9,000 $557,591 $223,034 $334,557
2023 $8,828 $546,659 $218,661 $327,998
2022 $8,331 $535,941 $214,374 $321,567
2021 $8,106 $525,433 $210,171 $315,262
2020 $8,084 $520,706 $208,016 $312,690
2019 $7,990 $510,510 $203,938 $306,572
2018 $7,675 $500,514 $199,940 $300,574
2016 $7,055 $480,446 $192,177 $288,269
2015 $6,804 $473,230 $189,291 $283,939
2014 $6,817 $463,962 $185,584 $278,378
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24222836

California Regional Multiple Listing Service (CRMLS)