1212 E 3rd St Long Beach, CA 90802
North Alamitos Beach NeighborhoodHighlights
- 0.38 Acre Lot
- Long Beach Polytechnic High School Rated A
- Laundry Room
About This Home
1212 and 1216 East 3rd Street is a 36-unit apartment community on two contiguous parcels in Long Beach, California. With three brand new ADU’s, 17 remodeled units, a great location in the Alamitos Beach neighborhood, and 11 percent rental upside, this offering is a great investment opportunity. The subject property consists of two two-story buildings with a mix of 18 studios, 15 one-bed/one-bath units, one two-bed/one-bath unit, and two two-bed/two-bath units. The buildings share a beautifully landscaped courtyard with picnic tables for tenants’ enjoyment and also feature controlled access and shared laundry.
Listing Agent
Steven M. Bogoyevac, Broker Brokerage Email: steve.bogoyevac@marcusmillichap.com License #01332755 Listed on: 03/23/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1957
Lot Details
- 16,529 Sq Ft Lot
- No Common Walls
- 7275010005
Home Design
- Entry on the 1st floor
Interior Spaces
- 19,248 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Bathrooms
Location
- Suburban Location
Listing and Financial Details
- Legal Lot and Block 2 / 132
- Assessor Parcel Number 7275010004
- $6,545 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 36 Units
- Alamitos Beach Subdivision
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 36 Separate Electric Meters
- 36 Separate Gas Meters
- 2 Separate Water Meters
- Operating Expense $292,788
- Gross Income $832,592
- Net Operating Income $527,011
Map
Home Values in the Area
Average Home Value in this Area
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 | $47,790 | $3,708,921 | $2,223,230 | $1,485,691 |
| 2024 | $47,790 | $3,636,198 | $2,179,638 | $1,456,560 |
| 2023 | $46,970 | $3,564,900 | $2,136,900 | $1,428,000 |
| 2022 | $44,082 | $3,495,000 | $2,095,000 | $1,400,000 |
| 2021 | $6,416 | $365,910 | $70,586 | $295,324 |
| 2020 | $6,396 | $362,159 | $69,863 | $292,296 |
| 2019 | $6,323 | $355,059 | $68,494 | $286,565 |
| 2018 | $6,068 | $348,098 | $67,151 | $280,947 |
| 2016 | $5,557 | $334,584 | $64,545 | $270,039 |
| 2015 | $5,374 | $329,559 | $63,576 | $265,983 |
| 2014 | $5,407 | $323,104 | $62,331 | $260,773 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/23/2026 03/23/26 | For Sale | $10,595,000 | -- | $550 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW26062312
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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Ask me questions while you tour the home.