$2,795,000

Estimated payment $17,715/month

12 Beds
8 Baths
7,025 Sq Ft
$398 Price per Sq Ft

Highlights

  • Laundry Room
  • Rectangular Lot
  • Wall Furnace
  • Woodrow Wilson High School Rated A

About This Home

Charming Spanish-style 8-unit building located in the highly desirable and historic Bluff Heights neighborhood of Long Beach. Built in 1931, 2930 E. 3rd Street offers 7,025 square feet on a 7,502 square foot lot, featuring an attractive unit mix of (4) two-bedroom, one-bath units and (4) one-bedroom, one-bath units, along with five single-car garages. Seven of the eight units were thoughtfully upgraded between 2016–2018 with modern kitchens and bathrooms, including new cabinetry, quartz countertops, and custom tile. The property retains its original charm with hardwood floors, faux fireplaces, plaster moldings, built-ins, and classic wood windows. Major system improvements include updated plumbing with new hot and cold water lines and a new main sewer line (2016–2017). With strong in-place income of $19,045 per month, the property provides immediate cash flow in a premier coastal rental market. The five garages also offer potential for ADU conversion, creating additional upside. A rare opportunity to acquire a well-maintained, character-rich asset in one of Long Beach’s most sought-after neighborhoods, offering both stable income and long-term appreciation potential.

Listing Agent

Spencer Pabst

Pabst, Kinney & Associates Brokerage Phone: 562-884-6875 License #01849377 Listed on: 04/16/2026

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1931

Lot Details

  • 7,502 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot

Parking

  • 5 Car Garage

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 7,025 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tax Lot 20
  • Tax Tract Number 5767
  • Assessor Parcel Number 7257025012
  • Seller Considering Concessions

Community Details

Overview

  • 8 Units
  • Bluff Park Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 8 Leased Units
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $19,045
  • Net Operating Income $228,540

Property Details

Home Type

Multi-Family

Year Built

Built in 1931

Lot Details

7,502 Sq Ft Lot

Parking

5

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Bluff Park (BLF)
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7257025012
  • Year Built: 1931
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 397.86

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 7502.00
  • Lot Size Acres: 0.1722

Rental Info

  • Garage Rental Rate: 100.00

Multi Family

  • Garage Income: 400.00
  • Gross Income: 19045.00
  • Gross Scheduled Income: 228540.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 150.00
  • Lot Size Area: 7502.0000 Square Feet
  • Net Operating Income: 228540.00
  • Number Of Rented Garages: 5
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Rent Control: No
  • Total Actual Rent: 18495.00

Tax Info

  • Tax Lot: 20
  • Tax Tract Number: 5767

Map

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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
04/16/2026 04/16/26 For Sale $2,795,000 -- $398 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW26080939

California Regional Multiple Listing Service (CRMLS)
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