$1,625,000
SOLD JUL 9, 2025
3 Beds
3 Baths
4,543 Sq Ft
3,920 Sq Ft Lot

Recently Sold

$358 Per Sq Ft

4% Below List Price

56 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 5-minute walk to Rose Park
  • Woodrow Wilson High School Rated A
  • Level Lot

About This Home

As of July 2025

3243 East 10th Street is an 8-unit multifamily investment opportunity located in Long Beach, CA. 3243 East 10th Street offers an attractive mix of studio, one, and two-bedroom floor plans, which helps the property appeal to a diverse renter pool. Additionally, the well-maintained property features a central courtyard, dual-pane windows, and security doors, as well as income-producing amenities including an on-site laundry facility 1, surface parking space, and 3, garage parking spaces. Resident’s enjoy the property’s walkable access to the Food 4 Less and Rite Aid anchored Belmont Center, at the intersection of Anaheim Street and Obispo Avenue. Additionally, 3243 East 10th Street benefits from its optimal central Long Beach location, providing convenient access throughout the city. The property places residents a short drive away from Woodrow Wilson High School, Recreation Park, Retro Row, and an abundance of Long Beach’s most popular beaches. Furthermore, 3243 East 10th Street is within 2 miles of California State University, Long Beach and the Veteran Affairs Medical Center, two of the city’s premier employers with a combined total of over 7,000 employees, according to Long Beach’s 2023 Annual Comprehensive Financial Report. In summary, 3243 East 10th Street’s fantastic location offers residents a wide variety of activities, employment, transportation, and retail amenities, all of which will attract a diverse renter pool. With substantial upside and strong rental metrics, 3243 East 10th Street represents an attractive opportunity for a new owner seeking well located units.

Last Agent to Sell the Property

Tyler Leeson

Marcus & Millichap RE Invest Brokerage Email: tleeson@marcusmillichap.com License #01451551 Listed on: 03/06/2025

Last Buyer's Agent

Juan Huizar

Sage Real Estate Group Inc License #01417642

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1958

Lot Details

  • 3,920 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 1 Open Parking Space
  • 3 Car Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 4,543 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tax Lot 24
  • Tax Tract Number 576903
  • Assessor Parcel Number 7258005030
  • $1,421 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 8 Units
  • Eastside Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,194
  • Fuel Expense $1,194
  • Insurance Expense $6,400
  • Maintenance Expense $5,600
  • Other Expense $8,221
  • Professional Management Expense $7,397
  • Trash Expense $1,194
  • Water Sewer Expense $1,194
  • New Taxes Expense $21,084
  • Operating Expense $53,478
  • Gross Income $152,453
  • Net Operating Income $94,461

Property Details

Home Type

Apartment

Year Built

Built in 1958

Lot Details

0

Parking

3

Listing Details

  • CapRate: 5.56
  • Professional Management Expense: 7397.00
  • Property Attached: No
  • Subdivision Name Other: Eastside (ES)
  • Water Sewer Expenses: 1194.00
  • Zoning: LBR2N
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7258005030
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 357.69

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1194.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 3920.40
  • Lot Size Acres: 0.0900

Multi Family

  • Electric Expense: 1194.00
  • Fuel Expense: 1194.00
  • Gross Income: 152453.00
  • Gross Multiplier: 11.15
  • Gross Operating Income: 145942.00
  • Gross Scheduled Income: 150456.00
  • Insurance Expense: 6400.00
  • Lot Size Area: 0.0900 Acres
  • Maintenance Expense: 5600.00
  • Net Operating Income: 94461.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 53478.00
  • Operating Expense Percent: 36.10
  • Other Expense: 8221.00
  • Other Expense Description: Misc
  • Other Income1: 1997.00
  • Other Income Description: Misc
  • Rent Control: No
  • Total Expenses: 53478.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 21084.00
  • Tax Census Tract: 5769.03
  • Tax Lot: 24
  • Tax Tract Number: 576903
  • TaxOtherAnnualAssessmentAmount: 1421.00

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 List to Sale Price per Sq Ft
07/09/2025 07/09/25 Sold $1,625,000 -4.4% $358 / Sq Ft
05/01/2025 05/01/25 Pending -- -- --
03/06/2025 03/06/25 For Sale $1,700,000 -- $374 / 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: OC25050168

California Regional Multiple Listing Service (CRMLS)