1527
E
3rd Street,
Long Beach,
California
CA
90802-3624
Sold For: $2,875,000
Listing ID: PW22106537
Price/SqFt:
$451.90
Status:
Closed
Sold Date:
10/26/2022
SqFt:
6,362
Sq Ft
Acres:
0.192
Acres
Subdivision:
Alamitos Beach (AB)
Year Built:
1926
• True Pride-of-Ownership Legacy Asset: Built in 1926
• Two Separately Parceled Triplexes, Providing Flexible Entry and Exit Strategies
• Six Spacious Two-Bedroom Units: Average Unit Size Over 1,000 Square-Feet
• Amenities That All Tenants Value: Synergized Outdoor Space, Washers & Dryers in Each Unit and Private Parking
• Three Blocks from the Beach & Bixby Park: The Cultural Hub of Alamitos Beach
• 91 Walk Score – “Walker’s Paradise” & 91 Bike Score – “Biker’s Paradise”
• Ability to Add Two Additional ADU Units to Increase Value for a New Investor
Primary Features
County:
Los Angeles
Price Reduction Date:
2022-07-05T18:49:52+00:00
Price/SqFt:
451.9
Property Type:
Residential Income
Subdivision:
Alamitos Beach (AB)
Year Built:
1926
Zoning:
LBR3S
Interior
Average 1 Bed Area Units:
Square Feet
Average 2 Bed Area Units:
Square Feet
Average 3 Bed Area Units:
Square Feet
Average Studio Area Units:
Square Feet
Building Area Units:
Square Feet
Common Walls:
1 Common Wall
Laundry:
no
Laundry Features:
None
External
Carport Spaces:
6
Lot Features:
6-10 Units/Acre
Lot Size Area:
8362
Lot Size Source:
Assessor
Lot Size Square Feet:
8362
Number Of Buildings:
2
Parking Total:
6
Pool Features:
None
Private Pool:
no
Property Attached:
yes
Sewer:
Public Sewer
Water Source:
Public
Location
Country:
US
Elevation Units:
Feet
MLS Area Major:
4 - Downtown Area, Alamitos Beach
Street Number:
-1537
Subdivision Name Other:
Alamitos Beach (AB)
Additional
Additional Parcels:
yes
Days On Market:
116
List Agent State License:
01158184
List Office State License:
00530854
Lot Size Units:
Square Feet
New Construction:
no
Number Of Separate Electric Meters:
1
Number Of Separate Gas Meters:
1
Number Of Separate Water Meters:
1
Number Of Units Total:
6
Parcel Number:
7275008014
Year Built Source:
Assessor
Financial
Electric Expense:
300
Fuel Expense:
300
Gardener Expense:
600
Gross Operating Income:
162739
Gross Scheduled Income:
167772
Insurance Expense:
3550
Land Lease:
no
Maintenance Expense:
4500
Net Operating Income:
108941
New Taxes Expense:
37438
Operating Expense:
53798
Price Per Unit:
499167
Professional Management Expense:
6510
Rent Control:
no
Special Listing Conditions:
Standard
Tax Census Tract:
5765.02
Tax Lot:
4
Tax Tract Number:
576502
Total Expenses:
53798
Trash Expense:
300
Vacancy Allowance:
5033
Water Sewer Expense:
300
© 2024. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to 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. Any correspondence from IDX pages are routed to Realty Masters and Associates or one of their associates. Last updated Thursday, March 28th, 2024.
Based on information from CARETS as of Thursday, March 28th, 2024 10:16:57 AM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. 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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Listed by: KevinKing, DRE #01158184 from Marcus & Millichap
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