445 E 3rd St Long Beach, CA 90802
East Village NeighborhoodEstimated payment $30,301/month
Highlights
- 0.11 Acre Lot
- 5-minute walk to 1St Street Station
- 5-minute walk to Harvey Milk Promenade Park
- Long Beach Polytechnic High School Rated A
- Laundry Facilities
About This Home
445 E. 3rd Street is a 22-unit multifamily asset located in Long Beach’s East Village Arts District, a dense, walkable submarket within Downtown that continues to attract a steady base of renters driven by proximity to employment, transit, and lifestyle amenities. The property consists of (14) studio units and (8) 1BD/1BA, providing an efficient unit mix aligned with prevailing demand in the area. The seller has invested approximately $530,000 in capital improvements, including interior common areas (hallways, stairwells, keypads), unit interior renovations, new turf and landscaping on exteriors.
All unit interiors are completely renovated with designer fixtures and finishes. Approximately $18,200 has been invested per studio unit renovation and ~$19,200 invested per 1BD/1BA renovation. 445 E. 3rd Street is priced at a 5.84% cap rate and 10.10 GRM in place, with clear embedded upside. As rents move to market and RUBS is implemented, the property stabilizes at a 6.82% cap rate and 9.12 GRM—a 98-basis-point expansion in yield and nearly a full point of GRM compression. That equates to $41,075 of additional annual NOI, a 16% increase in cash flow at no change in basis.
Listing Agent
Keller Williams Realty Downey Brokerage Phone: 310-463-2916 License #01456379 Listed on: 08/06/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1922
Lot Details
- 5,005 Sq Ft Lot
- Two or More Common Walls
- Density is 21-25 Units/Acre
Home Design
- Property Attached
- Entry on the 1st floor
Interior Spaces
- 12,150 Sq Ft Home
- 3-Story Property
Bedrooms and Bathrooms
- 1 Bedroom
- 2 Bathrooms
Listing and Financial Details
- Legal Lot and Block 28 / 77
- Tax Tract Number 5762
- Assessor Parcel Number 7281010017
- $7,294 per year additional tax assessments
Community Details
Building Details
- Rent Control
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $10,617
- Fuel Expense $10,617
- Gardener Expense $1,200
- Insurance Expense $19,020
- Maintenance Expense $13,200
- Other Expense $4,400
- Pest Control $1,000
- Professional Management Expense $25,125
- Trash Expense $10,617
- Water Sewer Expense $10,617
- New Taxes Expense $58,340
- Operating Expense $165,955
- Gross Income $425,000
- Net Operating Income $259,044
Additional Features
- 22 Units
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $73,968 | $5,352,344 | $3,743,456 | $1,608,888 |
| 2025 | $73,968 | $5,247,397 | $3,670,055 | $1,577,342 |
| 2024 | $70,740 | $5,144,508 | $3,598,094 | $1,546,414 |
| 2023 | $69,438 | $5,043,637 | $3,527,544 | $1,516,093 |
| 2022 | $65,213 | $4,944,743 | $3,458,377 | $1,486,366 |
| 2021 | $63,296 | $4,847,788 | $3,390,566 | $1,457,222 |
| 2020 | $63,076 | $4,804,380 | $3,355,800 | $1,448,580 |
| 2019 | $66,997 | $4,710,300 | $3,290,000 | $1,420,300 |
| 2018 | $47,920 | $3,543,660 | $2,476,152 | $1,067,508 |
| 2016 | $44,133 | $3,400,000 | $2,380,000 | $1,020,000 |
| 2015 | $28,866 | $2,145,640 | $1,913,684 | $231,956 |
| 2014 | $28,719 | $2,103,611 | $1,876,198 | $227,413 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/06/2026 08/06/26 | For Sale | $4,400,000 | -- | $362 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $4,704,000 | Chicago Title Company | |
| Grant Deed | $3,400,000 | Chicago Title | |
| Grant Deed | $1,850,000 | First American Title Ins Co | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | Fidelity National Title | |
| Interfamily Deed Transfer | -- | Fidelity National Title Ins | |
| Interfamily Deed Transfer | -- | Fidelity National Title Co | |
| Grant Deed | -- | Fidelity National Title Co |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $3,675,000 | Commercial | |
| Previous Owner | $2,945,000 | Construction | |
| Previous Owner | $1,975,000 | Commercial | |
| Previous Owner | $1,600,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $1,345,000 | Negative Amortization | |
| Previous Owner | $1,000,000 | Commercial |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW26170001
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.
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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