DRE #00338699
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1518 E 3rd Street $7,495,000

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1518 E 3rd Street Long Beach, CA 90802

  • 0 Beds
  • 0 Baths
  • 16,428 sq.ft.
  • Multi-Family
MLS# PW19229471 | Active
Days On Market: 21 5 Views
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Property Details

1518 E. 3rd Street is a 22-unit apartment complex located in prime Alamitos Beach, just three blocks to the ocean and bike path. The property offers a desirable mix of (19) one-bedroom and (3) two-bedroom units. Seventeen of the 22 units are fully renovated, including new flooring, modern kitchens and baths and upgraded fixtures throughout. A majority of remodeled apartments have in-unit washer/dryers and on-site laundry is available for the remaining units. The property is in close proximity to the hip boutiques, restaurants and bars along Fourth Street/Retro Row and along the Broadway Corridor. The neighborhood is also adjacent to East Village Arts District, Downtown Long Beach and a myriad of employment opportunities. According to Niche website, Alamitos Beach ranks as the number three of 47 Best Neighborhoods for Young Professionals. Rents in this submarket are 19% higher than other Long Beach submarkets, on average. 1518 E. 3rd Street is an attractive investment asset with rental upside potential in an outstanding Alamitos Beach location with historically low vacancy rates.

  • General Features
    • Number Of Separate Water Meters 1
    • Number Of Separate Electric Meters 23
    • Number Of Separate Gas Meters 1
    • Number Of Units Total 22
    • Year Built 1964
    • Subdivision Name Alamitos Beach (AB)
    • County Or Parish Los Angeles
    • Number Of Buildings 1
    • Community Features Sidewalks, Urban
  • Building Features
    • Heating Radiant
    • Laundry Features Individual Room
  • Property Features
    • Lot Size Acres 0.18
    • Lot Features 21-25 Units/Acre
    • Pool Private Y/N 0
    • Pool Features None
    • Parking Total 16.00

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Market Last 30 Days

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Property History

Date Event Price Percent Change
-- Current Price Source New Value: $7,495,000
9/27/2019 9:49:00 AM New in Database Source

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Based on information from California Regional Multiple Listing Service, Inc. as of 10/19/2019 5:57:08 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.