NOT LISTED FOR SALE
2 Beds
2 Baths
3,276 Sq Ft
1923 Built

Last Sold June 02, 2017

Last sale price $1,845,000 $563 Per Sq Ft

16 Days on Market

Highlights

  • 6,769 Sq Ft lot
  • Long Beach Polytechnic High School Rated A
  • Private Yard

About This Home

As of June 2017

Charming Apartment at 1249 E. 3rd St., Long Beach, CA 90802

Unit Description

This inviting unit at 1249 E. 3rd St. features a blend of modern conveniences and timeless charm. It offers a well-appointed kitchen with stainless steel appliances, including a sleek gas stove, complemented by crisp white cabinetry and polished granite countertops. The spacious living area is accentuated by large windows that fill the space with natural light, showcasing the beautiful hardwood floors that run throughout the unit. The bedroom includes ample closet space and easy access to the adjacent bathroom, which features elegant fixtures and a contemporary design. This unit combines practicality with style, catering to the comfort and preferences of working millennials.

Property Amenities

The property at 1249 E. 3rd St. boasts several amenities designed to enhance the lifestyle of its residents. The exterior showcases well-maintained landscaping and a charming white picket fence, adding to the propertys curb appeal. The property provides convenient off-street parking, ensuring hassle-free access for residents. Additionally, the property is equipped with secure entry points for added safety and peace of mind. The overall ambiance is relaxed and inviting, offering a comfortable living environment.

Neighborhood Description

Located in the heart of Long Beach, the property at 1249 E. 3rd St. is situated in a vibrant and convenient neighborhood. Residents can enjoy easy access to a variety of local amenities, including parks, shopping centers, and healthcare facilities. The area is well-connected by public transportation, making commuting a breeze for working professionals. The neighborhood exudes a lively and dynamic atmosphere, perfect for young professionals looking to immerse themselves in the Southern California lifestyle. The proximity to schools and recreational areas further enhances the appeal, making it an ideal location for both convenience and leisure.

Last Agent to Sell the Property

Andrew McAllister

eXp Realty of Greater L.A License #01946829 Listed on: 03/28/2017

eXp Realty of Greater L.A

Last Buyer's Agent

Robert Stepp

Keller Williams Realty Downey License #01456379

Keller Williams Realty Downey

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $20,925

Year Built

  • Built in 1923

Lot Details

  • 6,769 Sq Ft Lot
  • No Common Walls
  • Private Yard

Parking

  • 5 Open Parking Spaces
  • 1 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 3,276 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 5765
  • Assessor Parcel Number 7275009014

Community Details

Overview

  • 2 Buildings
  • 6 Units

Building Details

  • 6 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • New Taxes Expense $20,925
  • Operating Expense $35,203
  • Gross Income $122,280
  • Net Operating Income $83,408

Property Details

Home Type

Apartment

Est. Annual Taxes

$20,925

Year Built

Built in 1923

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • CapRate: 4.48
  • Property Attached: No
  • Subdivision Name Other: Alamitos Beach (AB)
  • Zoning: LBR3S
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7275009014
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 563.19

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 5.00

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Yard
  • Lot Size Sq Ft: 6769.00

Multi Family

  • Gross Income: 122280.00
  • Gross Multiplier: 15.21
  • Gross Operating Income: 118612.00
  • Gross Scheduled Income: 122280.00
  • Net Operating Income: 83408.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 35203.00
  • Operating Expense Percent: 30.00
  • Rent Control: No
  • Total Actual Rent: 10190.00
  • Total Expenses: 35203.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 20925.00
  • Tax Census Tract: 5765.02
  • Taxes Percent: 1.12
  • Tax Lot: 7
  • Tax Rate: 1.12
  • Tax Tract Number: 5765
  • Tax Annual Amount: 20925.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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 Prior Sale
09/03/2025 09/03/25 Off Market $1,795 -- --
06/11/2025 06/11/25 Price Changed $1,795 -12.2% --
12/25/2024 12/25/24 For Rent $2,045 0.0% --
06/02/2017 06/02/17 Sold $1,845,000 -0.8% $563 / Sq Ft
04/13/2017 04/13/17 Pending -- -- --
03/28/2017 03/28/17 For Sale $1,860,000 +106.9% $568 / Sq Ft
01/30/2014 01/30/14 Sold $899,000 0.0% $274 / Sq Ft View Prior Sale
11/21/2013 11/21/13 Pending -- -- --
11/18/2013 11/18/13 For Sale $899,000 -- $274 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS17063939

California Regional Multiple Listing Service (CRMLS)