$10,595,000
1212 and 1216 East 3rd Street is a 36-unit apartment community on two contiguous parcels in Long Beach, California. With three brand new ADU’s, 17 remodeled units, a great location in the Alamitos Beach neighborhood, and 11 percent rental upside, this offering is a great investment opportunity. The subject property consists of two two-story buildings with a mix of 18 studios, 15 one-bed/one-bath units, one two-bed/one-bath unit, and two two-bed/two-bath units. The buildings share a beautifully landscaped courtyard with picnic tables for tenants’ enjoyment and also feature controlled access and shared laundry.
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Listed by Steven Bogoyevac with Steven M. Bogoyevac, Broker (562) 436-5800
Property Type
Mixed Use
Status
Active
MLS Number
PW26062312
Year Built
1957
Lot Size
0.38 acres