Sold for $3,200,000

Listing Provided by: Pat Swanson

Bought with: Buckingham Investments, Inc

$3,200,000

1837 E 3rd St, Long Beach, CA 90802

15beds

9,378sqft

Mixed Use

Built in 1958

8,549 Square Feet Lot

$3,374,900 Zestimate^®

$341/sqft

$2,120 Estimated rent

Home value

$3,374,900

$3.00M - $3.81M

$2,120/mo

Zestimate^® history

Owner options

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$2,120/mo

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$2,120/mo

Rent Zestimate^®

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$20,743/mo

Est. payment

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$20,743/mo

Est. payment

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What's special

Prime Coastal Investment Opportunity Just three blocks from the beach, this 12-unit complex on 3rd St. boasts an impressive walk score of 96! On the market for the first time in 26 years, this well-maintained building features ten 1-bedroom/1-bathroom units, one 2-bedroom/1-bathroom unit, and one 2-bedroom/2-bathroom unit ideal for an owner's residence. Recently upgraded with vinyl windows, the property also includes on-site laundry facilities, six garages (two with driveways), and a secure, gated entrance. With over 25% upside potential, this property represents a rare chance to acquire a coastal asset with minimal rent control restrictions (limited to CA state laws). Don't miss out on this exceptional investment opportunity!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 15
Bathrooms: 14
Full bathrooms: 14
Main level bathrooms: 13
Main level bedrooms: 14

Cooling

None

Appliances

Laundry: Common Area

Features

Has fireplace: No
Fireplace features: None
Common walls with other units/homes: 2+ Common Walls

Interior area

Total interior livable area: 9,378 sqft

Property

Parking

Total spaces: 6
Parking features: Garage - Attached
Attached garage spaces: 6

Features

Levels: Two
Stories: 2
Entry location: Front and Back
Pool features: None
Has view: Yes
View description: None

Lot

Size: 8,549 sqft
Features: 11-15 Units/Acre

Details

Parcel number: 7275018040
Zoning: LBR1N
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Property subtype: Mixed Use
Attached to another structure: Yes

Condition

New construction: No
Year built: 1958

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & neighborhood

Community

Community features: Curbs, Sidewalks, Urban

Location

Region: Long Beach

Other

Other facts

Listing terms: Cash to New Loan

Price history

Date	Event	Price
12/19/2024	Sold	$3,200,000-9.5%$341/sqft
Source: CRMLS #OC24129394 Report a problem
11/1/2024	Pending sale	$3,535,000$377/sqft
Source: CRMLS #OC24179431 Report a problem
8/31/2024	Listed for sale	$3,535,000$377/sqft
Source: CRMLS #OC24179431 Report a problem