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3024 E 3rd St
Long Beach, CA 90814 Belmont Heights

$4,500,000 USD

Apartments For Sale  •  7,681 SF

Property Details

  • Property Type Apartments
  • Total Building Size 7,681 SF
  • Lot Size 0.17 AC
  • Building Class C
  • Year Built 1957
  • Zoning LBR2A
45 Transit Score
91 Walk Score

Highlights

Excellent opportunity to acquire a turnkey building at a 5.56% current cap rate
Located in the desirable Bluff Heights neighborhood walkable to dining, retail, and the beach
Three brand new ADU’s boost the unit count to take advantage of the area’s high rental demand and generate significant additional income
14% rental upside

Public Transportation

AirportDriveWalkDistance
Long Beach (Daugherty Field) 11 min - 5.1 mi
John Wayne/Orange County 28 min - 19.7 mi
Los Angeles International 35 min - 23.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 6
Type: Covered
Included in Rent: Yes
Steve Bogoyevac 424-405-3826 Marcus & Millichap
Steve Bogoyevac 424-405-3826 Marcus & Millichap