Seller's Agent in 2025
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
1 in this area
164 Total Sales
3402 Gundry Avenue is a 10-unit multifamily investment property located in the California Heights neighborhood of Long Beach, CA. 3402 Gundry Avenue offers an attractive mix consisting of 6, one-bedroom units and 4, two-bedroom units. The property offers gated pedestrian access leading to a charming common-area courtyard, nine tuck-under parking with storage lockers, a tandem surface space, an on-site laundry facility, and a spacious storage unit. Additionally, there is an unused open space which could be converted into an additional storage unit, with both storage units providing potential additional revenue streams. 3402 Gundry Avenue is situated in the desirable California Heights neighborhood of Long Beach where residents enjoy convenient access to everyday needs as well as a plethora of cafes, restaurants, and retailers located along Atlantic Avenue. The property is located within 0.50 miles of a Target anchored retail center, providing residents easy access to everyday needs. Additionally, 3402 Gundry Avenue is just over 1.75 miles from Long Beach Exchange, a recently developed outdoor shopping mall with a plethora of retail, dining, and entertainment options. Furthermore, the property is proximate to Long Beach Memorial Medical Center, the third top employer in the city with nearly 5,500 practitioners and staff members according to Long Beach’s 2023 Annual Comprehensive Financial Report. 3402 Gundry benefits from its close proximity to Interstate 405, connecting residents to employment hubs throughout Southern California. The neighborhoods surrounding the property provide tenants convenient access to a wide variety of activities, employment, transportation, and retail amenities. This overall demand for a well-located and maintained apartment building will be a key driver in the continued growth and success at 3402 Gundry Avenue.
Last Agent to Sell the Property
Marcus & Millichap RE Invest Brokerage Email: tleeson@marcusmillichap.com License #01451551 Listed on: 09/09/2024
Last Buyer's Agent
Marcus & Millichap RE Invest Brokerage Email: tleeson@marcusmillichap.com License #01451551 Listed on: 09/09/2024
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/31/2025 01/31/25 | Sold | $2,775,000 | -4.1% | $341 / Sq Ft |
| 11/06/2024 11/06/24 | Pending | -- | -- | -- |
| 09/09/2024 09/09/24 | For Sale | $2,895,000 | -- | $355 / Sq Ft |
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $43,065 | $3,213,000 | $1,020,000 | $2,193,000 |
| 2024 | $41,201 | $3,150,000 | $1,000,000 | $2,150,000 |
| 2023 | $5,862 | $303,934 | $113,081 | $190,853 |
| 2022 | $5,561 | $297,975 | $110,864 | $187,111 |
| 2021 | $5,381 | $292,134 | $108,691 | $183,443 |
| 2019 | $5,305 | $283,471 | $105,468 | $178,003 |
| 2018 | $4,998 | $277,913 | $103,400 | $174,513 |
| 2016 | $4,573 | $267,124 | $99,386 | $167,738 |
| 2015 | $4,427 | $263,113 | $97,894 | $165,219 |
| 2014 | $4,458 | $257,960 | $95,977 | $161,983 |
Seller's Agent in 2025
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
1 in this area
164 Total Sales
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC24187202
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