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1028 E 3rd St

Long Beach, CA 90802 View Map $5,700,000 Schedule a Tour
Sq.Ft. Lot7,505
Year1962
Nancy Barfield

Nancy Barfield

(714) 271-0789
DRE No.: 01085438

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Status: Active
Property Type:Residential Income (Multi-Family)
MLS #:22157707
On Site:138 Days
Lot Size:7,505 Sq. Ft.
County:Los Angeles

Listing Agent/Office

Agent:Byron Field
Office:Keller Williams Larchmont
**FULLY RENOVATED: Over $50k Spent Per Unit** **4.5% 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 affords 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.

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$000 Monthly Payment
Loan and interest only.

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Community Information

Address:1028 E 3rd St Long Beach, CA 90802
Zip Code:90802

Architecture

Year Built:1962
Stories:Multi/Split
Building Area: 9452.0
Number of Buildings: 2
Total Units: 12
Unit 1: 10 Units • 1 Bed • 1 Bath • Unfurnished • $2,390 actual rent • $2,390 total rent • $2,390 pro forma
Unit 2: 2 Units • 2 Beds • 2 Baths • Unfurnished • $2,900 actual rent • $2,900 total rent • $2,900 pro forma
Foundation: Raised
Garage Spaces: 6.0
Parking Total: 8.0

Features / Amenities

Interior Features: Ceiling Fan(s)
Appliances: Dishwasher, Gas Cooktop, Microwave, Oven, Dryer, Washer
Laundry: Stacked
Direction Faces: North

Property Features

Lot Size: 0.17 Acres / 7,505 Sq. Ft.
Zoning:LBR3S
Directions:East of Alamitos, East of Cerritos, South of 4th St & North of Appleton

Tax and Financial Info

Gross Income: $356,400
Net Operating Income: $322,008

Schools

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1028 E 3rd St Long Beach, CA 90802
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1028 E 3rd St Long Beach, CA 90802
 
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Listing agent / office Byron Field, Keller Williams Larchmont.
Based on information from California Regional Multiple Listing Service, Inc. as of October 1, 2022. 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. IDX provided by Sierra Interactive.