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Address
1518 E 3rd Street Long Beach, CA
Price
$ 7,495,000
Property Attributes
  • MLS#PW19229471
  • TypeIncome
  • CountyLOS ANGELES
  • CityLong Beach
  • AreaDowntown Area - Alamitos Beach
  • NeighborhoodAlamitos Beach
  • Zip90802
  • Style
  • Price$ 7,495,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage16428
  • Lot Size8,268 SqFt
Listing Provided Courtesy Of:
Robert Stepp with Keller Williams Pacific Estate.
Property Description

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.

Price History
9/27/2019 Listed $7,495,000

General Features

Attached Structure Attached
Co-Listing Agent Last Name Hawke
Co-Listing Agent Last Name Todd
Co-Listing Agent State License # 01376219
Co-listing Agent Todd Hawke - BRE#01376219
Community Features Sidewalks, Urban
Directions E 3rd St & Cherry Ave
Levels Three Or More
Listagentaor Pacific West
Listing Agent Robert Stepp - BRE#01456379
Listing Agent State License 01456379
MLS Area 4 - Downtown Area, Alamitos Beach
Price Per Square Foot 456.23
Property Attached Y/N Yes
Source System CRMLS
Special Listing Conditions Standard
Subdivision Name Alamitos Beach (AB)
Subdivision Name Alamitos Beach (AB)
Total Units 22
Zoning LBR2N

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Common Walls 2+ Common Walls
Heating Radiant
Heating Y/N Yes
Laundry Features Individual Room
Laundry Y/N Yes
Studio Area Unit Type Square Feet
Total Stories 3

Exterior Features

Building Area Total 16428.00
Garage Spaces 2.00
Lot Features 21-25 Units/Acre
Lot Size Acres 0.1898
Lot Size Area 8269.0000
Lot Size Source Assessor
Lot Size Square Feet 8269.00
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 23
Number of Separate Gas Meters 1
Number of Separate Water Meters 1
Parking Features Garage, Subterranean
Parking Y/N Yes
Pool Features None
Sewer Public Sewer
Total Parking 16.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90802

Price
AVG $2.46M
$7.5M
Visits
AVG 21
85
Year Built
AVG 1926
1964
Walkscore
AVG 89
91
Data Provided by Walkscore ® not using MLS data

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