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1135 E 3rd St
Long Beach, CA 90802 Downtown Long Beach

$2,250,000 USD

Apartments For Sale • 6,715 SF

Property Details

Property Type Apartments
Total Building Size 6,715 SF
Lot Size 0.19 AC
Building Class C
Year Built 1923
Cap Rate 3.72 %
Zoning R3, Long Beach

63 Transit Score

91 Walk Score

                
                    Highlights
                
                                In-Demand Location, Minutes from Alamitos Beach, Downtown, and The Pike Outlets
                            
                                Majority Single Story Units + Detached 3-Bedroom House
                            
                                Gated Access and On-Site Laundry
                            
                                Added Value Opportunity – Projected ±60% in Rental Upside
                            
                                Long Term Ownership – Motivated Seller
                            
                                Part of a (4) Property Portfolio – Can Be Purchase Separately or Together

Financial Summary (Actual)

Net Operating Income: $83,669 USD (2023)

Cap Rate:	3.72 %
Total Expenses:	$56,745 USD

Amenities

Controlled Access
Laundry Facilities

Public Transportation

Transit/Subway	Drive	Walk	Distance
1St Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro))	3 min	16 min	0.9 mi
5Th Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro))	3 min	17 min	0.9 mi
Pacific Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro))	3 min	20 min	1.0 mi
Airport	Drive	Walk	Distance
Long Beach (Daugherty Field)	11 min	-	4.4 mi
John Wayne/Orange County	30 min	-	20.6 mi
Los Angeles International	34 min	-	22.9 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	1
Type:	OneCarGarage
Included in Rent:	Yes

Damien Breaux 949-584-0503 Morgan-Skenderian Investment Real Estate Group

1135 E 3rd St Long Beach, CA 90802 Downtown Long Beach