**FULLY RENOVATED: Over $50k Spent Per Unit** **5.4% 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 afford 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.
Off market
$2,896,600
1028 E 3rd St, Long Beach, CA 90802
--beds
0baths
9,452sqft
MultiFamily
Built in 1962
-- sqft lot
$2,896,600 Zestimate®
$306/sqft
$2,461 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Forced air, Electric, Gas
Cooling
- Central
Appliances
- Included: Dishwasher, Dryer, Garbage disposal, Microwave, Washer
- Laundry: In Unit
Features
- Flooring: Tile, Hardwood
Interior area
- Total interior livable area: 9,452 sqft
Property
Parking
- Total spaces: 8
- Parking features: Garage - Attached
Lot
- Size: 7,505 sqft
Construction
Type & style
- Home type: MultiFamily
Condition
- Updated/Remodeled
- Year built: 1962
Community & neighborhood
Location
- Region: Long Beach
Other
Other facts
- County: Los Angeles
- Equipment: Dishwasher, Garbage Disposal, Range/Oven, Ceiling Fan, Dryer, Microwave, Washer
- ListingStatus: Active
- PropertyType: Residential Income
- SourceLivingArea: Vendor Enhanced
- SourceLotSizeArea: Vendor Enhanced
- Cooling: Air Conditioning, Ceiling Fan
- BathroomFeatures: Tile, Shower and Tub
- Laundry: In Unit
- Flooring: Hardwood, Ceramic Tile
- CookingAppliances: Cooktop - Gas, Microwave, Oven-Gas
- ParkingGarage: Garage Is Attached
- PropertyCondition: Updated/Remodeled
- WaterHeaterFeatures: Central Water Heater, Gas
- Heating: Electric
- Country: US
- ListingArea: Downtown Area, Alamitos Beach
- OtherStructuralFeatures: Full Copper Plumbing
- Roof: Common Roof
- FoundationDetails: Raised
- UnitTypeType: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115, 2116, 2117
Services availability
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Estimated market value
$2,896,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$2,896,600