Seller's Agent in 2021
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
4 in this area
156 Total Sales
1347 E 3rd St Long Beach, CA 90802
North Alamitos Beach Neighborhood
4
Beds
4
Baths
10,042
Sq Ft
0.3
Acres
Highlights
- 0.3 Acre Lot
- Laundry Room
- Level Lot
- Long Beach Polytechnic High School Rated A
About This Home
As of March 20211347 East 3rd Street is an 11-unit multifamily investment property located in Long Beach, one of the premier housing markets in Southern California. Built in 1949, 1347 East 3rd Street offers 10, spacious 1 bed/1 bath units and 1, 3 bed/2.5 bath townhouse. The well-maintained property has recently been renovated with luxury unit upgrades including modern lighting, hardwood floors, paint, ceiling fans, countertops, cabinets, and appliances. In addition to the upgrades, the property features amenities including garage and uncovered parking, private patios and balconies, and in unit washer and dryer hook-ups.
Last Agent to Sell the Property
Marcus & Millichap RE Invest License #01451551 Listed on: 09/24/2020
Property Details
Home Type
- Apartment
Year Built
- Built in 1949
Lot Details
- 0.3 Acre Lot
- No Common Walls
- Level Lot
Parking
- 3 Open Parking Spaces
- 6 Car Garage
Interior Spaces
- 10,042 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Washer and Electric Dryer Hookup
Listing and Financial Details
- Legal Lot and Block 4 / S
- Tax Tract Number 576502
- Assessor Parcel Number 7275009022
Community Details
Overview
- 11 Units
Building Details
- 11 Leased Units
- Rent Control
- 11 Separate Electric Meters
- 11 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $2,640
- Fuel Expense $2,640
- Insurance Expense $4,400
- Maintenance Expense $6,600
- Other Expense $6,200
- Professional Management Expense $11,701
- Trash Expense $2,640
- Water Sewer Expense $2,640
- New Taxes Expense $46,347
- Operating Expense $85,808
- Gross Income $241,100
- Net Operating Income $148,209
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/25/2021 03/25/21 | Sold | $3,575,000 | -3.0% | $356 / Sq Ft | |
| 01/19/2021 01/19/21 | Pending | -- | -- | -- | |
| 09/24/2020 09/24/20 | For Sale | $3,685,000 | +14.3% | $367 / Sq Ft | |
| 06/30/2016 06/30/16 | Sold | $3,225,000 | -6.0% | $321 / Sq Ft | View Prior Sale |
| 05/23/2016 05/23/16 | Pending | -- | -- | -- | |
| 04/10/2016 04/10/16 | For Sale | $3,432,000 | +56.0% | $342 / Sq Ft | |
| 12/04/2015 12/04/15 | Sold | $2,200,000 | -4.3% | $219 / Sq Ft | View Prior Sale |
| 10/26/2015 10/26/15 | Pending | -- | -- | -- | |
| 05/01/2015 05/01/15 | For Sale | $2,300,000 | -- | $229 / 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 | $51,742 | $3,869,694 | $2,511,242 | $1,358,452 |
| 2024 | $49,499 | $3,793,818 | $2,462,002 | $1,331,816 |
| 2023 | $48,668 | $3,719,430 | $2,413,728 | $1,305,702 |
| 2022 | $45,677 | $3,646,500 | $2,366,400 | $1,280,100 |
| 2021 | $44,190 | $3,527,006 | $1,093,645 | $2,433,361 |
| 2020 | $44,075 | $3,494,032 | $1,082,432 | $2,411,600 |
| 2019 | $43,559 | $3,425,585 | $1,061,208 | $2,364,377 |
| 2018 | $42,409 | $3,358,480 | $1,040,400 | $2,318,080 |
| 2016 | $29,349 | $2,200,000 | $1,800,000 | $400,000 |
| 2015 | $22,319 | $1,833,652 | $1,100,193 | $733,459 |
| 2014 | $22,197 | $1,797,734 | $1,078,642 | $719,092 |
Source: Public Records
Agents Affiliated with this Home
-
Tyler Leeson
-
Greg Bassirpou
Buyer's Agent in 2021
Greg Bassirpou
Marcus & Millichap RE Invest
(949) 419-3269
2 in this area
30 Total Sales
-
Cameron Jacques
Seller's Agent in 2016
Cameron Jacques
Kinnery's Brokerage House
(562) 800-0838
1 in this area
58 Total Sales
-
George Bustamante
Seller Co-Listing Agent in 2016
George Bustamante
Coldwell Banker Commercial
(562) 326-5043
42 Total Sales
-
M
Buyer's Agent in 2016
Michael Gelfond
Bedford Properties
-
Steve Warshauer
Seller Co-Listing Agent in 2015
Steve Warshauer
Coldwell Banker Commercial
(562) 495-6070
21 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC20200600
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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