1135 E 3rd Street Long Beach, CA ^$ 1,850,000

1135 E 3rd Street

^$ 1,850,000

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1135 E 3rd Street

Long Beach, CA, 90802

^$ 1,850,000

Studio Baths1.0 Sq 6,715

Monthly Estimate*

^$ 11,542

Listed by Morgan Skenderian

1135 E 3rd Street, Long Beach, CA 90802 - Image 1

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1135 E 3rd Street, Long Beach, CA 90802 - Image 5

1135 E 3rd Street, Long Beach, CA 90802 - Image 6

1135 E 3rd Street, Long Beach, CA 90802 - Image 7

1135 E 3rd Street, Long Beach, CA 90802 - Image 8

1135 E 3rd Street, Long Beach, CA 90802 - Image 9

1135 E 3rd Street, Long Beach, CA 90802 - Image 10

1135 E 3rd Street, Long Beach, CA 90802 - Image 11

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1135 E 3rd Street, Long Beach, CA 90802 - Image 13

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Studio

Multi-Family Home for sale in Long Beach, CA

for $1,850,000 with 1 full bath. This 6,715 square foot home was built in 1923 on a lot size of 0.1942.

Pleased to present 1135 E. 3rd Street, an 11-unit apartment investment opportunity located in the sought-after Long Beach neighborhood of Alamitos Beach. Offered for sale for the first time in decades, the property is ideally located just a short walk from the beach, and mere minutes from both Downtown and Retro Row. It is comprised of (10) studios (2 of which are exceptionally large), and (1) detached 3-bedroom/2-bathroom house, with its own garage. 1135 E. 3rd St. offers substantial upside potential by updating the units and bringing rents closer to market levels.

Multi-Family Pending

Price

^$ 1,850,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 25,036

Style

Lot Size

0.1942

Year Built

1923

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

PW24222836

Days on Market

415

Features

General

Sewer Public Sewer

Zoning LBR3S

Garage Spaces 1

Pool Features None

Year Built 1923

Stories Count 2

Levels Two

Property Subtype Apartment

Gross Income 2016

Community Features Curbs Gutter(s) Sidewalks

County Los Angeles

Net Operating Income 108107

Operating Expense 52792

Insurance Expense 7407

New Construction false

Property Type Residential Income

MaintenanceExpense 8045

Subdivision Name Downtown (DT)

Garage Y/N true

Special Listing Conditions Standard

Status Pending

Directions North of E. Broadway and East of Alamtios Avenue

City Long Beach

Entry Location 1

Senior Community Y/N false

Number Of Units Total 11

MLS Area 4 - Downtown Area Alamitos Beach

Lot Size Units Square Feet

Lot Size Square Feet 8459

Listing Terms Cash Cash to New Loan Conventional

Property Attached Y/N false

Land Lease Y/N false

Tax Annual Amount 25036

Electric Expense 2556

Fuel Expense 2556

Trash Expense 2556

Water Sewer Expense 2556

Additional Parcels Y/N false

Rent Control Y/N true

Building Area Units Square Feet

Standard Status Pending

Year Built Source Assessor

Tax Lot 14

Total Actual Rent 13655

Property Sub Type Additional Apartment

Taxes 25036

Cap Rate 5.84

Interior

Total Stories 2

Common Walls No Common Walls

Laundry Features Common Area

Entry Level 1

Exterior

Water Source Public

Total Parking 1

Lot Size Area 8459

Number of Buildings 2

Building Area Total 6715

Lot Size Acres 0.1942

Private Pool false

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 12

Number of Separate Electric Meters 12

* Excluded Features

List By

Morgan Skenderian

Broker

db@morganskenderian.com

Affordability Calculator

$13,628

Per Month

Monthly Principal & Interest: $11,542
Monthly Property Taxes: $2,086
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% 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

Trends
Schools

Multi-family listings in Long Beach, CA

Average List Price ^$1,850,607

Percent of Sale Price 0%

About Long Beach, CA

470,090 Population

2% Since 2002

^$57,916 Median Income

35.78 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/20/2025	$1,850,000		Listed Price

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1135 E 3rd Street, Long Beach, CA, 90802 is a Multi-Family Home for sale at $1,850,000 with 6,715 sqft and a lot size of 0.1942. 1135 E 3rd Street is a studio with 1.0 baths and was built in 1923. The property's zip code is 90802 which is in Long Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% 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.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 12/17/2025. 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.

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1135 E 3rd Street

Multi-Family Home for sale in Long Beach, CA

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