NOT LISTED FOR SALE

3312 E 2nd St Long Beach, CA 90803

Bluff Park Neighborhood
-- Bed
10 Baths
4,920 Sq Ft
8,255 Sq Ft Lot

Last Sold August 08, 2024

Last sale price $2,450,000 $498 Per Sq Ft

63 Days on Market

Highlights

  • No HOA
  • Wall Furnace
  • 1-Story Property
  • Woodrow Wilson High School Rated A

About This Home

As of August 2024

Location, Location, Location, 12 Units in one of Long Beach’s most sought-after neighborhoods. This lovely single-story multi-unit apartment consists of 12 single units, All units are well maintained and some of them have been updated with new flooring, newer kitchen cabinets, and updated bathrooms, Property is located only a short distance from the water and close to coffee shops, restaurants, entertainment, public transportation, Enjoy world-class coastal living at its finest in this beautiful area that will yield investors a nice appreciation play for the future, This property will attract high-quality tenants and generate strong returns for years to come do not this opportunity to own a piece of one of the best areas of Long Beach.

Last Agent to Sell the Property

Martin Gonzalez

Realty Executives All Cities Brokerage Phone: 562-843-1103 License #01204139 Listed on: 03/19/2024

Realty Executives All Cities

Last Buyer's Agent

Dean Lueck

Compass License #01752859

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 8,255 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Composition Roof

Interior Spaces

  • 10 Bathrooms
  • 4,920 Sq Ft Home
  • 1-Story Property

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 13566
  • Assessor Parcel Number 7264011005

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 12 Units
  • Bluff Park Subdivision

Building Details

  • 12 Leased Units
  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $5,000
  • Professional Management Expense $8,000
  • Trash Expense $4,000
  • Water Sewer Expense $12,000
  • Operating Expense $29,000
  • Gross Income $181,800
  • Net Operating Income $118,170

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Price Per Unit: 220833
  • Professional Management Expense: 8000.00
  • Property Attached: No
  • Subdivision Name Other: Bluff Park (BLF)
  • Water Sewer Expenses: 12000.00
  • Zoning: LBR2L
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 7264011005
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: Street
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 497.97

Exterior Features

  • Pool Private: No
  • Roof: Composition

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 4000.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8255.00
  • Lot Size Acres: 0.1895
  • Latitude Manual: 33.76334900

Multi Family

  • Average Studio Area: 410 Square Feet
  • Gross Income: 181800.00
  • Gross Operating Income: 181800.00
  • Gross Scheduled Income: 181800.00
  • Insurance Expense: 5000.00
  • Lot Size Area: 8255.0000 Square Feet
  • Net Operating Income: 118170.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 12
  • Number Of Units Total: 12
  • Operating Expense: 63630.00
  • Rent Control: No
  • Total Actual Rent: 15150.00
  • Total Expenses: 29000.00

Tax Info

  • Tax Census Tract: 5772.00
  • Tax Lot: 2
  • Tax Tract Number: 13566

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
08/08/2024 08/08/24 Sold $2,450,000 -7.5% $498 / Sq Ft
05/21/2024 05/21/24 Pending -- -- --
04/10/2024 04/10/24 For Sale $2,650,000 +8.2% $539 / Sq Ft
04/08/2024 04/08/24 Off Market $2,450,000 -- --
03/19/2024 03/19/24 For Sale $2,650,000 -- $539 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Martin Gonzalez

    Seller's Agent in 2024

    Martin Gonzalez

    Realty Executives

    (562) 843-1103

    1 in this area

    143 Total Sales

    Martin Gonzalez
    Section Image
  • Dean Lueck

    Buyer's Agent in 2024

    Dean Lueck

    Compass

    (949) 275-1801

    1 in this area

    140 Total Sales

    Dean Lueck
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS24052598

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90803 Bluff Park

3312 E 2nd St, Long Beach, CA

This home is located at 3312 E 2nd St, Long Beach, CA 90803 since 19 March 2024. This property was built in 1923. 3312 E 2nd St is a home located in Los Angeles County with nearby schools including Mann Elementary School, Woodrow Wilson High School, and Maple Village Waldorf School.

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.

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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