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Long Beach, CA 90802 1518 E 3rd Street

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  • MLS# PW19229471
  • 09/27/2019
  • Request Video Tour
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Presented By: Robert Stepp with Keller Williams - Santa Monica.
  • SQFT • 16,428
  • Garage • 2
  • Year Built • 1964

Home Details

1518 E. 3rd Street is a 22-unit apartment complex located in prime Alamitos Beach, just three blocks to the ocean and bike path. The property offers a desirable mix of (19) one-bedroom and (3) two-bedroom units. Seventeen of the 22 units are fully renovated, including new flooring, modern kitchens and baths and upgraded fixtures throughout. A majority of remodeled apartments have in-unit washer/dryers and on-site laundry is available for the remaining units. The property is in close proximity to the hip boutiques, restaurants and bars along Fourth Street/Retro Row and along the Broadway Corridor. The neighborhood is also adjacent to East Village Arts District, Downtown Long Beach and a myriad of employment opportunities. According to Niche website, Alamitos Beach ranks as the number three of 47 Best Neighborhoods for Young Professionals. Rents in this submarket are 19% higher than other Long Beach submarkets, on average. 1518 E. 3rd Street is an attractive investment asset with rental upside potential in an outstanding Alamitos Beach location with historically low vacancy rates.
Presented By: Robert Stepp with Keller Williams - Santa Monica.

Interior Features for 1518 E 3rd Street

Bedrooms

1st Bedroom Area Unit TypeSquare Feet
2nd Bedroom Area Unit TypeSquare Feet
3rd Bedroom Area Unit TypeSquare Feet

Other Interior Features

Common Walls2+ Common Walls
HeatingRadiant
Heating Y/NYes
Laundry FeaturesIndividual Room
Laundry Y/NYes
Studio Area Unit TypeSquare Feet
Total Stories3

General for 1518 E 3rd Street

Attached StructureAttached
Co-Listing AgentTodd Hawke - BRE#01376219
Co-Listing Agent Last NameTodd
Co-Listing Agent Last NameHawke
Co-Listing Agent State License #01376219
Community FeaturesSidewalks, Urban
DirectionsE 3rd St & Cherry Ave
LevelsThree Or More
ListAgentAORPacific West
Listing AgentRobert Stepp - BRE#01456379
Listing Agent State License01456379
MLS Area4 - Downtown Area, Alamitos Beach
Price Per Square Foot435.23
Property Attached Y/NYes
Senior Community Y/NNo
Source SystemCRMLS
Special Listing ConditionsStandard
Subdivision NameAlamitos Beach (AB)
Subdivision NameAlamitos Beach (AB)
Total Units22
ZoningLBR2N

Exterior for 1518 E 3rd Street

Building Area Total16428.00
Garage Spaces2.00
Land Lease Y/NNo
Lot Features21-25 Units/Acre
Lot Size Acres0.1898
Lot Size Area8269.0000
Lot Size SourceAssessor
Lot Size Square Feet8269.00
Lot Size UnitsSquare Feet
Number of Buildings1
Number of Separate Electric Meters23
Number of Separate Gas Meters1
Number of Separate Water Meters1
Parking FeaturesGarage, Subterranean
Parking Y/NYes
Pool FeaturesNone
Private PoolNo
SewerPublic Sewer
Total Parking16.00
Water SourcePublic

Additional Details

Price History

First Team Client Services

Price $7,150,000
MLS#PW19229471
List Date 09/27/2019
Property Type Income
Request Video Tour
Request Info

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