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Long Beach, CA 90802 421 W. 3rd

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  • MLS# PW20029181
  • 02/01/2020
  • Request Video Tour
  • Request Info
Presented By: Leslie Stonick with Compass.
  • SQFT • 7,500
  • Garage • 1
  • Year Built • 1910

Home Details

The perfect downtown Long Beach investment property. This charming craftsman is totally TURN KEY with 7 unique units located in the heart of a fast growing city and only 3 blocks to the beach. This property also falls within the PD-30 Plan for downtown and located in the height incentive area for future investors to build up! Each unit is metered separately for gas and electric, has its own tankless water heater AND has private laundry inside each unit. WOW! There are 4 large one bedroom one bath with a lovely balance of upgrades yet keeping the charm alive with exposed beams, hardwood floors and built-ins. Each unit also has their own outdoor balcony space. The 5th one bedroom one bath is a totally remodeled, very popular Air B&B that brings more income to this investment property. Upstairs is a gorgeous 3 bedroom 2 bath with gas fireplace and comes with 2 parking spaces. The last unit is an adorable studio apartment. There are 5 parking spaces on site and one separate garage space on the property. This property is at 100% capacity and tenants that do not park on site, have assigned parking directly across the street at the Gallery. A modern courtyard separates the two structures complete with lounge seating and eating area. This property has 3 security gates that allows for private entry. This investment property has it all and you can't beat this prime location. Close to THE PIKE, shoreline drive, the promenade and freeways. Great opportunity for a 10-31 exchange!!
Presented By: Leslie Stonick with Compass.

Interior Features for 421 W. 3rd

Bedrooms

1st Bedroom Area5
1st Bedroom Area Unit TypeSquare Feet
2nd Bedroom Area0
2nd Bedroom Area Unit TypeSquare Feet
3rd Bedroom Area1
3rd Bedroom Area Unit TypeSquare Feet

Other Interior Features

Common Walls1 Common Wall
Laundry FeaturesInside
Laundry Y/NYes
Number of Wall ACs2
Studio Area1
Studio Area Unit TypeSquare Feet

General for 421 W. 3rd

Architectural StyleCraftsman
AssessmentsBuyer to Verify
Association Y/NNo
Attached StructureAttached
Co-Listing AgentKara Mirarchi - BRE#02048543
Co-Listing Agent Last NameKara
Co-Listing Agent Last NameMirarchi
Co-Listing Agent State License #02048543
Community FeaturesBiking
DirectionsBetween Magnolia & Cedar
FlooringWood
HOA Fee$0.00
LevelsTwo
ListAgentAORPacific West
Listing AgentLeslie Stonick - BRE#01363678
Listing Agent State License01363678
MLS Area4 - Downtown Area, Alamitos Beach
Price Per Square Foot346.67
Property Attached Y/NYes
Senior Community Y/NNo
Source SystemCRMLS
Special Listing ConditionsStandard
Subdivision NameAlamitos Beach (AB)
Subdivision NameAlamitos Beach (AB)
Total Units7

Exterior for 421 W. 3rd

Building Area Total7500.00
Fence Y/NYes
FencingSecurity
Garage Spaces1.00
Land Lease Y/NNo
Lot Features0-1 Unit/Acre
Lot Size Acres0.1722
Lot Size Area7500.0000
Lot Size SourceAssessor
Lot Size Square Feet7500.00
Lot Size UnitsSquare Feet
Number of Buildings2
Number of Separate Electric Meters7
Number of Separate Gas Meters7
Number of Separate Water Meters7
NumberOfRentedGarages1
Parking FeaturesAssigned
Parking Y/NYes
Pool FeaturesNone
Private PoolNo
SewerPublic Sewer
Total Parking1.00
Water SourcePublic

Additional Details

Price History

First Team Client Services

Price $2,600,000
MLS#PW20029181
List Date 02/01/2020
Property Type Income
Request Video Tour
Request Info

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