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… Read More 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. Read Less
Property listed by Steven M. Bogoyevac, Broker, Steven Bogoyevac 310-259-7556
Listing Snapshot
Days Online
0
Last Updated
Property Type
MixedUse
Lot Size
0.38 Acres
Year Built
1957
MLS Number
PW26062312
Additional Details
Building
Built in 1957, 2 buildings, 2 stories, Entry level: 1, Entry location: 1
Community
Suburban
Expenses
Operating: $292,788
Income
Gross Income: $832,592, Gross ScheduledIncome: $832,592, Net Operating Income: $527,011
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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