1837 E 3rd Street

About This Property

Priced to move...3 blocks from the Beach...6% Actual CAP Rate...25%+ upside! If your client is looking for a "Unicorn" building with a combination of Cash flow, Location, and a Clean property, this is the investment for them. The building includes (10) 1-bedroom units (750+/- sq. ft.), (1) 2-bedroom/1-bath unit, and (1) 2-bedroom/2-bath (owner's unit). Amenities include very large units, upgraded vinyl windows, on-site laundry, six garages (two with driveways), an electric gated entrance, and a 96 walk score! This rare coastal asset is NOT subject to rent control (other than CA) and is being offered for the first time in 26 years.

Unit Mix

• 1 unit · 1bd / 1ba
• 1 unit · 2bd / 1ba
• 1 unit · 2bd / 2ba

Neighborhood

This property is located in Long Beach. Want to learn more about the area?

Listing courtesy of Pat Swanson

Listing data from CRMLS. Deemed reliable but not guaranteed.