$2,600,000 - 421 W. 3rd, Long Beach

  • 0Beds
  • Baths
  • 7,500SQ. Feet
  • 0.17Acres

------HUGE PRICE IMPROVEMENT---- perfect downtown Long Beach investment property. This charming craftsman is totally TURN KEY with 7 unique units located in the heart of a fast growing city and only 3 blocks to the beach. This property also falls within the PD-30 Plan for future investors. Each unit is metered separately for gas and electric, has its own tankless water heater AND has private laundry inside each unit. WOW! There are 4 large one bedroom one bath with a lovely balance of upgrades yet keeping the charm alive with exposed beams, hardwood floors and built-ins. Each unit also has their own outdoor balcony space. The 5th one bedroom one bath is a totally remodeled, very popular Air B&B that brings more income to this investment property. Upstairs is a gorgeous 3 bedroom 2 bath with gas fireplace and comes with 2 parking spaces. The last unit is an adorable studio apartment. There are 5 parking spaces on site and one separate garage space on the property. This property is at 100% capacity and tenants that do not park on site, have assigned parking directly across the street at the Gallery. A modern courtyard separates the two structures complete with lounge seating and eating area. This property has 3 security gates that allows for private entry. This investment property has it all and you can't beat this prime location. Close to THE PIKE, shoreline drive, the promenade and freeways. Great opportunity for a 10-31 exchange!!

Sales Agent

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

Essential Information

  • MLS® #:PW20029181
  • Price:$2,600,000
  • Bathrooms:0.00
  • Square Footage:7,500
  • Acres:0.17
  • Year Built:1910
  • Type:Residential Income
  • Style:Craftsman
  • Status:Active

Community Information

  • Address:421 W. 3rd
  • Area:Downtown Area, Alamitos Beach (4)
  • Subdivision:Alamitos Beach (AB)
  • City:Long Beach
  • County:Los Angeles
  • State:CA
  • Zip Code:90802

Amenities

  • Parking Spaces:1
  • # of Garages:1

Interior

  • Stories:Two

Exterior

  • Lot Description:0-1 Unit/Acre

Additional Information

  • Date Listed:February 1st, 2020
  • Days on Market:114

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Provided By: Leslie Stonick(01363678), Compass.

Based on information from California Regional Multiple Listing Service, Inc. as of May 26th, 2020 at 3:46am CDT. 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.