$7,495,000 - 1518 E 3rd Street, Long Beach

  • 0Beds
  • Baths
  • 16,428SQ. Feet
  • 0.19Acres

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.

Sales Agent

Sam SmithBeach Cities Real EstatePhone: 562-355-8228 Cell: 562-355-8228 Contact Agent Now

Essential Information

  • MLS® #:PW19229471
  • Price:$7,495,000
  • Bathrooms:0.00
  • Square Footage:16,428
  • Acres:0.19
  • Year Built:1964
  • Type:Residential Income
  • Status:Active

Community Information

  • Address:1518 E 3rd Street
  • Area:Downtown Area, Alamitos Beach (4)
  • Subdivision:Alamitos Beach (AB)
  • City:Long Beach
  • County:Los Angeles
  • State:CA
  • Zip Code:90802

Amenities

  • Parking Spaces:16
  • # of Garages:2

Interior

  • Heating:Radiant
  • # of Stories:3
  • Stories:Three Or More Levels

Exterior

  • Lot Description:21-25 Units/Acre

Additional Information

  • Date Listed:September 27th, 2019
  • Days on Market:74
  • Zoning:LBR2N

Similar Type Properties to PW19229471, 1518 E 3rd Street, Long Beach

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Similar Neighborhoods to "Alamitos Beach (AB)" in Long Beach, California

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  • City:
    Long Beach
  • Price Range:
    $530,000 - $6,425,000
  • Current Listings:
    19
  • HOA Dues:
    $
  • Average Price per Square Foot:
    $345
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Provided By: Robert Stepp(01456379), Keller Williams Pacific Estate.

Based on information from California Regional Multiple Listing Service, Inc. as of December 11th, 2019 at 10:26pm CST. 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.