Properties
Long Beach, CA 90802 1212 E 3rd
$10,595,000
2 more
Presented By: Steven Bogoyevac with Steven M. Bogoyevac, Broker; steve.bogoyevac@marcusmillichap.com
Baths • 1
SQFT • 19,248
Home Details
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.
Presented By: Steven Bogoyevac with Steven M. Bogoyevac, Broker; steve.bogoyevac@marcusmillichap.com
Interior Features for 1212 E 3rd
Other Interior Features
Common WallsNo Common Walls
Laundry FeaturesCommon Area
Total Stories2
Other Rooms
Entry Level1
General for 1212 E 3rd
Additional Parcels Description7275010005
Additional Parcels Y/NYes
Building Area UnitsSquare Feet
Cap Rate4.97
CityLong Beach
Community FeaturesSuburban
CountyLos Angeles
Directions3rd between Orange and Esperanza
Electric Expense
Entry Location1
Fuel Expense
Garage Spaces
Garage Y/NNo
Gross Income832592
Insurance Expense
Land Lease Y/NNo
Listing TermsCash, Cash to New Loan
Lot Size Square Feet16529
Lot Size UnitsSquare Feet
MLS Area4 - Downtown Area, Alamitos Beach
Net Operating Income527011
New ConstructionNo
Number Of Units Total36
Operating Expense292788
Pool FeaturesNone
PostalCityLONG BEACH
Property Attached Y/NNo
Property Sub Type AdditionalMixed Use
Property SubtypeMixed Use
Property TypeResidential Income
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Subdivision NameAlamitos Beach (AB)
Tax Lot2
Trash Expense0
Water Sewer Expense0
Year Built1957
Year Built SourceAssessor
Exterior for 1212 E 3rd
Building Area Total19248
Lot Size Acres0.3795
Lot Size Area16529
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters36
Number of Separate Gas Meters36
Number of Separate Water Meters2
Private PoolNo
Total Parking0
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
