Long Beach CA  home offered at $2,995,000 

Call Lisa DiNoto Group at (909)921-2544 to see this home.

 

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
Community Features: Curbs, Gutters, Sidewalks
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
Senior Community: no
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

Zoning Info


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Listed by: KevinKing, DRE #01158184 from Marcus & Millichap

Contact - Listing ID PW22106537

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Lisa DiNoto

9483 Haven Ave #100
Rancho Cucamonga, CA 91730
Phone: 9099212544

Data services provided by IDX Broker
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