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3316 E 3rd Street Long Beach, CA $ 2,950,000
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3316 E 3rd Street
$ 2,950,000
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3316 E 3rd Street

Long Beach, CA, 90814
$ 2,950,000
Baths0.0 Sq 3,516

Monthly Estimate*

$ 17,668

Listed by Broadmoor Realty, Inc.
3316 E 3rd Street, Long Beach, CA 90814 - Image 1
3316 E 3rd Street, Long Beach, CA 90814 - Image 2
3316 E 3rd Street, Long Beach, CA 90814 - Image 3
3316 E 3rd Street, Long Beach, CA 90814 - Image 4
3316 E 3rd Street, Long Beach, CA 90814 - Image 5
3316 E 3rd Street, Long Beach, CA 90814 - Image 6
3316 E 3rd Street, Long Beach, CA 90814 - Image 7
3316 E 3rd Street, Long Beach, CA 90814 - Image 8
Studio

Multi-Family Home for sale in Long Beach, CA

for $2,950,000. This 3,516 square foot home was built in 1973 on a lot size of 0.1061.

3316 E 3rd Str. is 7-unit fully-renovated apartment building located in the sought-after Belmont Heights area of Long Beach minutes from the beach. This buildings consists four (4) one-bedroom one-bath units, two (2) studios and one (1) one-bedroom one-bath garage-conversion ADU. In 2023, the building underwent tremendous capital improvements and now features a new roof, new plumbing, new electrical subpanels and 400A main panel, new tankless water heaters, new windows, waterproof vinyl flooring, shaker cabinets with quartz countertops, stainless-steel appliances and in-unit laundry in every unit as well as newly painted interior and exterior. There are also four (4) single-car garages and an additional surface parking space. The building is now separately metered for electrical, gas, and is sub-metered for water and all utilities are tenant's responsibility. This property is minutes from the beach, shops and restaurants located both at the 4th Street Corridor and those located at Belmont Shore's 2nd Street!

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Multi-Family Active

Price

$ 2,950,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Apartment

Lot Size

0.1061

Year Built

1973

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

PW23192968

Days on Market

381
Features
General
Interior Features CeilingFans QuartzCounters RecessedLighting
Sewer PublicSewer
Heating WallFurnace
Cooling WallWindowUnits
Appliances Dishwasher Disposal GasOven GasRange Microwave Refrigerator TanklessWaterHeater VentedExhaustFan Dryer Washer
Zoning LBR2A
Garage Spaces 4.0
Pool Features None
Year Built 1973
Tenant Pays Electricity Gas Water
Property SubType Apartment
Gross Income 194400.0
Community Features StreetLights Sidewalks
Accessibility Parking
County Los Angeles
Net Operating Income 132910.0
Operating Expense 61490.0
Insurance Expense 3600.0
New Construction N
Property Type ResidentialIncome
Home Owner Assoc N
Attached Garage N
Subdivision Name Belmont Heights (BH)
Garage Y/N Y
Special Listing Conditions Standard
Status Active
Directions South on Redondo Right on 3rd
City Long Beach
Entry Location 1
View Y/N N
Senior Community Y/N N
Open Parking Spaces 1.0
NumberOfUnitsTotal 7
MLS Area 2 - Belmont Heights Alamitos Heights
Lot Size Units SquareFeet
Lot Size Square Feet 4620.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Electric On Property Y/N N
Number of Units Leased 0
Terms Cash CashToNewLoan Conventional FannieMae FreddieMac
Land Lease Y/N N
Electric Expense 240.0
Home Warranty Y/N N
Fuel Expense 0.0
Trash Expense 1200.0
Water Sewer Expense 960.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 314
Building Area Units SquareFeet
Standard Status Active
Year Built Source PublicRecords
Tax Lot 3
Total Actual Rent 0.0
Property Sub Type Additional Apartment
Taxes 35641.0
Cap Rate 4.53
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Interior
Flooring Vinyl
Total Stories 2
Common Walls TwoCommonWallsOrMore EndUnit
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Laundry Features GasDryerHookup Inside
Entry Level 1
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Exterior
Parking Features Assigned DoorSingle Garage OnStreet
Lot Features SixToTenUnitsAcre
Water Source Public
Total Parking 5.0
Inclusions All appliances and washer/dryer units
Lot Size Area 4620.0
Number of Buildings 1
Spa N
Building Area Total 3516.0
Lot Size Acres 0.1061
Lot Size Source Assessor
Number of Separate Water Meters 7
Number of Separate Gas Meters 7
Number of Separate Electric Meters 7
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 3316
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* Excluded Features
List By
Broadmoor Realty, Inc.

Broker

(562) 881-0819

Phone

Affordability Calculator

$17,668
Per Month
100%
0%
0%
Monthly Principal & Interest
$17,668
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
1/4/2024$2,925,000 -0.85% Price Down
12/13/2023$2,950,000 -1.50% Price Down
10/19/2023$2,995,000 Listed Price

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3316 E 3rd Street, Long Beach, CA, 90814 is a Multi-Family Home for sale at $2,950,000 with 3,516 sqft and a lot size of 0.1061. 3316 E 3rd Street is a studio with 0.0 baths and was built in 1973. The property's zip code is 90814 which is in Long Beach, CA

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