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3316 E 3rd Street

Long Beach, CA 90814
  • $2,950,000
  • STATUS: Active
  • ON SITE: 418 Days
  • ID#: PW23192968
$2,950,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1973
County:

School Ratings & Info

Listing Agent(s): Eugene Rogachevsky of Broadmoor Realty, Inc. (562-596-1000)


Description

3316 E 3rd Str. is 7-unit fully-renovated apartment building located in the sought-after Belmont Heights area of Long Beach minutes from the beach. This buildings consists four (4) one-bedroom one-bath units, two (2) studios and one (1) one-bedroom one-bath garage-conversion ADU. In 2023, the building underwent tremendous capital improvements and now features a new roof, new plumbing, new electrical subpanels and 400A main panel, new tankless water heaters, new windows, waterproof vinyl flooring, shaker cabinets with quartz countertops, stainless-steel appliances and in-unit laundry in every unit as well as newly painted interior and exterior. There are also four (4) single-car garages and an additional surface parking space. The building is now separately metered for electrical, gas, and is sub-metered for water and all utilities are tenant's responsibility. This property is minutes from the beach, shops and restaurants located both at the 4th Street Corridor and those located at Belmont Shore's 2nd Street!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-12-09T00:24:43.483. 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 deemed reliable but is not guaranteed accurate by the MLS or CFC Realty, Inc. Licensed in the State of California, USA.
www.cfc-realty.com/homes/144447967
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3316 E 3rd Street Long Beach, CA 90814

  • Price: $2,950,000
  • Status: Active
  • On Site: 418 Days
  • ID#: PW23192968
0
Beds
0
Baths
0
½ Baths
0.11
Acres
1973
Built
Neighborhood:
Belmont Heights (Bh)
County:
Los Angeles
Area:
2 - Belmont Heights, Alamitos Heights
Property Description
3316 E 3rd Str. is 7-unit fully-renovated apartment building located in the sought-after Belmont Heights area of Long Beach minutes from the beach. This buildings consists four (4) one-bedroom one-bath units, two (2) studios and one (1) one-bedroom one-bath garage-conversion ADU. In 2023, the building underwent tremendous capital improvements and now features a new roof, new plumbing, new electrical subpanels and 400A main panel, new tankless water heaters, new windows, waterproof vinyl flooring, shaker cabinets with quartz countertops, stainless-steel appliances and in-unit laundry in every unit as well as newly painted interior and exterior. There are also four (4) single-car garages and an additional surface parking space. The building is now separately metered for electrical, gas, and is sub-metered for water and all utilities are tenant's responsibility. This property is minutes from the beach, shops and restaurants located both at the 4th Street Corridor and those located at Belmont Shore's 2nd Street!
Exterior Features

Entry Level 1 Entry Location 1 Lot Features 6-10 Units/Acre Number Of Separate Electric Meters 7 Open Parking Spaces 1 Parking Features AssignedDoor-SingleGarageOn Street Parking Total 5 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Accessibility Features Parking Appliances DishwasherDisposalGas OvenGas RangeMicrowaveRefrigeratorTankless Water HeaterVented Exhaust FanDryerWasher Common Walls 2+ Common WallsEnd Unit Cooling Wall/Window Unit(s) Cooling YN Yes Flooring Vinyl Heating Wall Furnace Heating YN Yes Interior Features Ceiling Fan(s)Quartz CountersRecessed Lighting

Property Features

Additional Parcels YN No Cap Rate 4.53 Common Interest Community Apartment Community Features Street LightsSidewalks Electric Expense 240 Fuel Expense 0 Garage YN Yes Gross Income 194400 Gross Scheduled Income 194400 Inclusions All appliances and washer/dryer units Insurance Expense 3600 Land Lease YN No Laundry Features Gas Dryer HookupInside Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventionalFannie MaeFreddie Mac Maintenance Expense 4200 Net Operating Income 132910 New Construction YN No New Taxes Expense 35641 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 7 Number Of Units Leased 0 Operating Expense 61490 Other Expense 4200 Pest Control Expense 660 Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGasWater Total Actual Rent 0 Trash Expense 1200 Water Sewer Expense 960 Water Source Public Zoning LBR2A



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-12-09T00:24:43.483. 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 deemed reliable but is not guaranteed accurate by the MLS or CFC Realty, Inc. Licensed in the State of California, USA.
 
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CFC Realty, Inc
931 Pueblo Drive
Lake Havasu City AZ, 86406
Listing Agent(s): Eugene Rogachevsky of Broadmoor Realty, Inc. (562-596-1000)