Seller's Agent in 2020
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
4 in this area
160 Total Sales
1524 E 3rd St Long Beach, CA 90802
North Alamitos Beach Neighborhood
5
Beds
6
Baths
9,044
Sq Ft
8,276
Sq Ft
Highlights
- 0.19 Acre Lot
- Laundry Room
- 3-minute walk to Miracle On Fourth Street Park
- Long Beach Polytechnic High School Rated A
- Landscaped
About This Home
As of April 20201524 East 3rd Street is an 11-unit multifamily investment property in Long Beach, one of the premier housing markets in Southern California. Specifically, 1524 East 3rd Street is located in the Alamitos Beach neighborhood, just a few blocks from the ocean, one mile to Downtown, and minutes to Belmont Shores. The 9,044 square foot property consists of studio, one-bedroom and two-bedroom floor plans. Originally a 4-unit building, built in 1926, with an additional 7 units added in 1984, 1524 East 3rd Street offers amenities including gated ground-level parking, garage parking, private balconies, and an on-site laundry facility.
Last Agent to Sell the Property
Marcus & Millichap RE Invest License #01451551 Listed on: 10/28/2019
Last Buyer's Agent
Marcus & Millichap RE Invest License #01451551 Listed on: 10/28/2019
Property Details
Home Type
- Apartment
Year Built
- Built in 1926
Lot Details
- 8,276 Sq Ft Lot
- No Common Walls
- Landscaped
Parking
- 2 Open Parking Spaces
- 10 Car Garage
Interior Spaces
- 9,044 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 5 Bedrooms
- 6 Bathrooms
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Legal Lot and Block 4 / 130
- Tax Tract Number 576502
- Assessor Parcel Number 7275012017
Community Details
Overview
- 2 Buildings
- 11 Units
Amenities
- Laundry Facilities
Building Details
- 11 Leased Units
- 1 Separate Water Meter
- Electric Expense $1,800
- Fuel Expense $1,800
- Insurance Expense $3,468
- Maintenance Expense $5,775
- Other Expense $4,400
- Professional Management Expense $9,071
- Trash Expense $1,800
- Water Sewer Expense $1,800
- New Taxes Expense $42,289
- Operating Expense $74,003
- Gross Income $186,780
- Net Operating Income $107,411
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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 |
|---|---|---|---|---|
| 04/20/2020 04/20/20 | Sold | $2,900,000 | -14.7% | $321 / Sq Ft |
| 01/29/2020 01/29/20 | Pending | -- | -- | -- |
| 10/28/2019 10/28/19 | For Sale | $3,400,000 | -- | $376 / 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 | $40,076 | $3,171,568 | $765,550 | $2,406,018 |
| 2024 | $40,076 | $3,109,382 | $750,540 | $2,358,842 |
| 2023 | $39,417 | $3,048,415 | $735,824 | $2,312,591 |
| 2022 | $36,988 | $2,988,644 | $721,397 | $2,267,247 |
| 2021 | $36,253 | $2,930,044 | $707,252 | $2,222,792 |
| 2020 | $11,119 | $814,299 | $239,015 | $575,284 |
| 2019 | $10,995 | $798,333 | $234,329 | $564,004 |
| 2018 | $10,601 | $782,681 | $229,735 | $552,946 |
| 2016 | $9,697 | $752,290 | $220,815 | $531,475 |
| 2015 | $9,325 | $740,991 | $217,499 | $523,492 |
| 2014 | $9,315 | $726,477 | $213,239 | $513,238 |
Source: Public Records
Agents Affiliated with this Home
-
Tyler Leeson
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC19252700
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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