1212 E 3rd Long Beach, CA ^$ 10,595,000

1212 E 3rd

^$ 10,595,000

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Recently Listed

1212 E 3rd

Long Beach, CA, 90802

^$ 10,595,000

Studio Baths1.0 Sq 19,248

Monthly Estimate*

^$ 65,235

Listed by Steven M. Bogoyevac, Broker

1212 E 3rd, Long Beach, CA 90802 - Image 1

1212 E 3rd, Long Beach, CA 90802 - Image 2

1212 E 3rd, Long Beach, CA 90802 - Image 3

1212 E 3rd, Long Beach, CA 90802 - Image 4

1212 E 3rd, Long Beach, CA 90802 - Image 5

1212 E 3rd, Long Beach, CA 90802 - Image 6

1212 E 3rd, Long Beach, CA 90802 - Image 7

Studio

Multi-Family Home for sale in Long Beach, CA

for $10,595,000 with 1 full bath. This 19,248 square foot home was built in 1957 on a lot size of 0.3795.

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.

Multi-Family Active

Price

^$ 10,595,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.3795

Year Built

1957

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

PW26062312

Days on Market

Features

General

Sewer Public Sewer

Garage Spaces 0

Pool Features None

Year Built 1957

Property Subtype Mixed Use

Gross Income 832592

Community Features Suburban

Additional Parcels Description 7275010005

County Los Angeles

Net Operating Income 527011

Operating Expense 292788

Insurance Expense 0

New Construction false

Property Type Residential Income

Subdivision Name Alamitos Beach (AB)

Garage Y/N false

Special Listing Conditions Standard

Status Active

Directions 3rd between Orange and Esperanza

City Long Beach

Entry Location 1

Senior Community Y/N false

Number Of Units Total 36

MLS Area 4 - Downtown Area Alamitos Beach

Lot Size Units Square Feet

Lot Size Square Feet 16529

Listing Terms Cash Cash to New Loan

Property Attached Y/N false

Land Lease Y/N false

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 0

Additional Parcels Y/N true

Rent Control Y/N true

Building Area Units Square Feet

Standard Status Active

Year Built Source Assessor

Tax Lot 2

Property Sub Type Additional Mixed Use

Cap Rate 4.97

Interior

Total Stories 2

Common Walls No Common Walls

Laundry Features Common Area

Entry Level 1

Exterior

Water Source Public

Total Parking 0

Lot Size Area 16529

Number of Buildings 2

Building Area Total 19248

Lot Size Acres 0.3795

Private Pool false

Lot Size Source Assessor

Number of Separate Water Meters 2

Number of Separate Gas Meters 36

Number of Separate Electric Meters 36

* Excluded Features

List By

Steven M. Bogoyevac, Broker

Broker

steve.bogoyevac@marcusmillichap.com

Affordability Calculator

$65,235

Per Month

Monthly Principal & Interest: $65,235
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% 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 ^$1,817,661

Percent of Sale Price 83%

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

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Pricing History

Date	Price	Price Change	Description
3/23/2026	$10,595,000		Listed Price

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1212 E 3rd, Long Beach, CA, 90802 is a Multi-Family Home for sale at $10,595,000 with 19,248 sqft and a lot size of 0.3795. 1212 E 3rd is a studio with 1.0 baths and was built in 1957. 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 6.25% 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 3/25/2026. 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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1212 E 3rd

Multi-Family Home for sale in Long Beach, CA

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