1028 E 3RD ST $5,700,000

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    1028 E 3RD ST LONG BEACH, CA 90802

    • 14 Beds
    • 12 Baths
    • 9,452 sq. ft.
    • Multi-Family
    • MLS# 22-157707
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    Views: 90 Days On Site: 142

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    Property Details

    **FULLY RENOVATED: Over $50k Spent Per Unit** **4.5% Year One Cash-on-Cash Return** **100% Occupied w/Robust Rents** This 12-unit property offers 10 - one/bedrooms and 2- two/bedrooms w/two baths with all units fully remodeled to an extremely high standard, including wood laminate flooring, custom cabinetry, quartz countertops, farmhouse sinks, stainless steel appliances/dishwashers, ceiling fans/air-conditioning, bathroom vanities/porcelain tiled flooring and designer lighting throughout. The plumbing was updated to 100% copper and all units have their own private laundry and are separately metered for gas/electric. This location affords tenants the convenience of being adjacent to the hip/eclectic East Village Arts District as well as Retro Row while being just a short bike ride to Shoreline Village/Belmont Shore.

    • General Features
      • County Los Angeles
    • Building Features
      • Bathroom Features Remodeled
      • Total # of Baths 12.00
      • Total Bedrooms 14
      • Cooking Appliances Microwave, Cooktop - Gas, Oven
      • Cooling Air Conditioning
      • Heating Wall Gas
      • Kitchen Features Remodeled
      • Laundry Laundry Closet Stacked
      • Levels Multi/Split
      • Living Area 9452
      • Stories 0
    • Property Features
      • Foundation Details Raised
      • Other Structures None

    Contact

    Greg Maffei

    Greg Maffei

    Broker Associate / Realtor

    DRE# 01091979

    Sepulveda Office

    Cell: 310-800-0388

    Neighborhood

    90802 (LONG BEACH) Demographics

    36 Median Age
    2,621 Population Density (per sq. mile)
    49% College Educated
    $60,939 Estimated Median Income
    4,148 Estimated Total Home Owners
    16,693 Estimated Total Renters
    20% / 80% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    39,165 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $490,000 Median Sales Price
    41 Homes Sold
    50 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $5,700,000
        5/17/2022 11:11:00 AM New in Database Source: Multiple Listing Service New Value: $5,700,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.