$3,200,000
SOLD DEC 19, 2024
15 Beds
14 Baths
9,378 Sq Ft
8,549 Sq Ft Lot

Recently Sold

$341 Per Sq Ft

25% Below List Price

157 Days on Market

Highlights

  • 0.2 Acre Lot
  • No HOA
  • Laundry Room
  • Long Beach Polytechnic High School Rated A
  • 6 Car Attached Garage

About This Home

As of December 2024

Prime Coastal Investment Opportunity Just three blocks from the beach, this 12-unit complex on 3rd St. boasts an impressive walk score of 96! On the market for the first time in 26 years, this well-maintained building features ten 1-bedroom/1-bathroom units, one 2-bedroom/1-bathroom unit, and one 2-bedroom/2-bathroom unit ideal for an owner's residence. Recently upgraded with vinyl windows, the property also includes on-site laundry facilities, six garages (two with driveways), and a secure, gated entrance. With over 25% upside potential, this property represents a rare chance to acquire a coastal asset with minimal rent control restrictions (limited to CA state laws). Don't miss out on this exceptional investment opportunity!

Last Agent to Sell the Property

Patrick Swanson

Pat Swanson Brokerage Phone: 213-864-2862 License #01382974 Listed on: 06/26/2024

Last Buyer's Agent

Anthony Walker

Buckingham Investments, Inc License #01908153

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 8,549 Sq Ft Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Parking

  • 6 Car Attached Garage

Home Design

  • Apartment
  • Mixed Use

Interior Spaces

  • 9,378 Sq Ft Home
  • 2-Story Property
  • Entryway
  • Laundry Room

Bedrooms and Bathrooms

  • 15 Bedrooms | 14 Main Level Bedrooms
  • 14 Full Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 19
  • Assessor Parcel Number 7275018040
  • $2,305 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 12 Units

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Parking

6

Listing Details

  • Structure Type: Mixed Use
  • Assessments: No
  • Property Attached: Yes
  • View: No
  • Zoning: LBR1N
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential
  • Parcel Number: 7275018040
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 9378.00 Square Feet
  • Stories: 2
  • Entry Location: Front and Back
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 14
  • Full And Three Quarter Bathrooms: 14
  • Total Bedrooms: 15
  • Levels: Two
  • Main Level Bathrooms: 13
  • Main Level Bedrooms: 14
  • Price Per Square Foot: 341.22
  • Room Type: Entry

Exterior Features

  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: Long Beach Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 8549.00
  • Lot Size Acres: 0.1963

Multi Family

  • Lease Considered: No
  • Lot Size Area: 8549.0000 Square Feet
  • Number Of Units Total: 12

Tax Info

  • Tax Census Tract: 5765.03
  • Tax Lot: 19
  • TaxOtherAnnualAssessmentAmount: 2305.00

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Range of Values:

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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 Change Sq Ft Price
12/19/2024 12/19/24 Sold $3,200,000 0.0% $341 / Sq Ft
11/19/2024 11/19/24 Sold $3,200,000 -9.5% $341 / Sq Ft
10/31/2024 10/31/24 Pending -- -- --
08/31/2024 08/31/24 For Sale $3,535,000 +10.5% $377 / Sq Ft
07/08/2024 07/08/24 Off Market $3,200,000 -- --
06/26/2024 06/26/24 For Sale $4,295,000 -- $458 / 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: OC24129394

California Regional Multiple Listing Service (CRMLS)