$1,230,000 - 702 E 3rd Street, Long Beach

  • 0Beds
  • Baths
  • 3,264SQ. Feet
  • 0.06Acres

HIGHLY MOTIVATED SELLER LOOKING TO MAKE A QUICK DECISION. We are pleased to offer 702-708 E. 3rd Street, Long Beach, a 4-unit apartment building full of charming historic character located in the heart of Downtown Long Beach and positioned in an ‘Opportunity Zone” adding potential tax benefits to the Buyer. Situated on a hard-to-find corner lot, this investment opportunity offers excellent curb appeal with fresh exterior paint and landscaping, all completed this year. The owner also invested in a new roof (2016), and various degrees of upgrades to the majority of the kitchens, including granite or quartz countertops. The 3rd Streets apartments also offers an unbeatable location with just 2 blocks to Alamitos Beach and the boardwalk, and just steps to trendy shops, chic eateries, and vibrant nightlife entertainment and will keep tenants flocking to the building and offer continuous strong rent growth in the future. With the continuing developmental boom and little to no capital to be invested to increase rents, the 3rd Street apartments are a smart buy for any investor. *TWO RECENT PRICE REDUCTIONS- SELLER IS MOTIVATED*Located in the East Village Arts District-Downtown Long Beach, *Fantastic Coner Lot w/Excellent Curb Appeal, *New Roof (2016), Exterior Paint (2019) and Landscaping (2020), *Steps to Shopping, Dining & Entertainment, *Just 2 Blocks to Alamitos Beach, *Majority of Units Have Upgraded Kitchens, *Opportunity Zone Investment

Sales Agent

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

Essential Information

  • MLS® #:PW20179510
  • Price:$1,230,000
  • Bathrooms:0.00
  • Square Footage:3,264
  • Acres:0.06
  • Year Built:1919
  • Type:Residential Income
  • Status:Active

Community Information

  • Address:702 E 3rd Street
  • Area:Downtown Area, Alamitos Beach (4)
  • Subdivision:Alamitos Beach (AB)
  • City:Long Beach
  • County:Los Angeles
  • State:CA
  • Zip Code:90802


  • Lot Description:2-5 Units/Acre

Additional Information

  • Date Listed:August 31st, 2020
  • Days on Market:52
  • Zoning:LBPD30

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Provided By: Rick Applebaum(01273871), Morgan Skenderian.

Based on information from California Regional Multiple Listing Service, Inc. as of October 23rd, 2020 at 10:30pm 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.