NOT LISTED FOR SALE

1750 E 3rd St Long Beach, CA 90802

North Alamitos Beach Neighborhood
1 Bed
1 Bath
6,732 Sq Ft
8,270 Sq Ft Lot

Last Sold October 22, 2024

Last sale price $2,650,000 $394 Per Sq Ft

162 Days on Market

Highlights

  • 0.19 Acre Lot
  • Property is near a park
  • Laundry Room
  • Long Beach Polytechnic High School Rated A
  • No HOA
  • Rectangular Lot

About This Home

As of October 2024

Prime Alamitos Beach location. Excellent low vacancy rental area. First time for sale in 28 years! Court style 16 unit apt. building with 4-(1 Br's), 12-(Studio's), 4-(Garages). New paint and stucco within past 3 years. New vinyl windows and laminate flooring in most units. Fixer opportunity...Property needs repiping! Separate Electric meters, Master Gas. Huge Lot 55 X 151.

Last Agent to Sell the Property

Mark Kachigan

Pabst, Kinney & Associates Brokerage Phone: 562-225-4848 License #00644779 Listed on: 04/03/2024

Last Buyer's Agent

Anthony Walker

Buckingham Investments, Inc License #01908153

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 8,270 Sq Ft Lot
  • Lot Dimensions are 55' x 151'
  • Two or More Common Walls
  • Rectangular Lot
  • Level Lot

Parking

  • 4 Car Garage

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 6,732 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Location

  • Property is near a park
  • Property is near public transit

Utilities

  • Natural Gas Connected

Listing and Financial Details

  • Legal Lot and Block 7 / 129
  • Tax Tract Number 1004
  • Assessor Parcel Number 7275013020
  • $2,595 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 16 Units
  • Alamitos Beach Subdivision

Building Details

  • Rent Control
  • 17 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $1,500
  • Insurance Expense $5,047
  • Other Expense $10,693
  • Pest Control $1,045
  • Professional Management Expense $20,911
  • Operating Expense $98,707
  • Gross Income $254,400
  • Net Operating Income $148,061

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 20911.00
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Subdivision Name Other: Alamitos Beach (AB)
  • Zoning: LBR2N
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1500.00
  • Parcel Number: 7275013020
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 393.64

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Pest Control Expense: 1045.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Rectangular Lot, Level, Near Public Transit, Park Nearby
  • Lot Size: 55' X 151'
  • Lot Size Sq Ft: 8270.00
  • Lot Size Acres: 0.1899

Multi Family

  • Average1 Bed Area: 500 Square Feet
  • Average Studio Area: 395 Square Feet
  • Gross Income: 254400.00
  • Gross Multiplier: 11.40
  • Gross Operating Income: 246768.00
  • Gross Scheduled Income: 254400.00
  • Insurance Expense: 5047.00
  • Lot Size Area: 8270.0000 Square Feet
  • Net Operating Income: 148061.00
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 17
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 16
  • Operating Expense: 98707.00
  • Operating Expense Percent: 40.00
  • Other Expense: 10693.00
  • Other Expense Description: Utility
  • Other Income Description: Laundry with "WASH", Garages
  • Rent Control: Yes
  • Total Actual Rent: 21200.00
  • Total Expenses: 98707.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Block: 129
  • Tax Census Tract: 5765.03
  • Tax Lot: 7
  • Tax Tract Number: 1004
  • TaxOtherAnnualAssessmentAmount: 2595.00

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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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
10/22/2024 10/22/24 Sold $2,650,000 -8.6% $394 / Sq Ft
09/12/2024 09/12/24 Pending -- -- --
07/30/2024 07/30/24 Price Changed $2,900,000 -6.5% $431 / Sq Ft
06/06/2024 06/06/24 Price Changed $3,100,000 -3.1% $460 / Sq Ft
04/03/2024 04/03/24 For Sale $3,200,000 -- $475 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Mark Kachigan

    Seller's Agent in 2024

    Mark Kachigan

    Pabst, Kinney & Associates

    (562) 225-4848

    3 in this area

    36 Total Sales

    Mark Kachigan
    Section Image
  • Anthony Walker

    Buyer's Agent in 2024

    Anthony Walker

    Buckingham Investments, Inc

    (310) 982-7055

    8 in this area

    90 Total Sales

    Anthony Walker
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24057484

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90802 North Alamitos Beach

1750 E 3rd St, Long Beach, CA

Not Listed for Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) 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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