Long Beach, CA 90803 3656 E 2nd Street

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Presented By: Juan Huizar with Sage Real Estate; 562-307-0838
  • MLS# PW24063002
  • 04/02/2024
  • Request Tour
  • Request Info
  • BedBeds • 8
  • BathBaths • 8
  • FootageSQFT • 7,308
  • GarageGarage • 4

Home Details

Introducing our newest listing, 3656 E. 2nd St, affectionately known as "The Navy." This distinguished 8-unit building, boasting spacious one-bedroom residences, stands as a testament to old-world charm. Each unit exudes character with original wood floors, hardware, and doors, creating a timeless appeal. Upon arrival, guests are welcomed by dual staircases leading to four units on each level. The property offers a private rear yard, providing a tranquil retreat amidst urban living, complemented by four garages accessible via the alley. Nestled in the coveted rental market of Belmont Heights, "The Navy" epitomizes a desirable lifestyle. With an impressive walk score of 89, residents enjoy convenient access to the beach, grocery stores, and an array of shops and restaurants along 2nd St and Broadway. Offered at an enticing $275,000 per door, this investment opportunity presents exceptional value. Additionally, the adjacent property, 3650 E. 2nd, is also available for sale, offering investors the possibility of consolidating investments for added strategic advantage. Don't miss the chance to own a piece of history while securing a lucrative investment in one of Belmont Heights' most sought-after locations. Contact us today to seize this opportunity!
Presented By: Juan Huizar with Sage Real Estate; 562-307-0838

Interior Features for 3656 E 2nd Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Street SuffixStreet
Total Stories2

Other Rooms

Entry Level1

General for 3656 E 2nd Street

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate3.98
Carport Y/NNo
CityLong Beach
Community FeaturesSidewalks
CountyLos Angeles
Days on Market3
Directions2nd Street and Euclid
Electric Expense1952.0
Entry Location1
Fuel Expense2600.0
Garage Spaces4.0
Garage Y/NYes
Gross Income156300.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense8578.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, CashtoNewLoan
Lot Size Square Feet7496.0
MLS Area2 - Belmont Heights, Alamitos Heights
MobileHomeRemainsYNNo
Net Operating Income87554.0
New ConstructionNo
Number of Units Leased8
Operating Expense64057.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories1
Street Name2nd
Subdivision NameBelmont Heights (BH)
Tax Lot8
Taxes$27,500
Tenant PaysElectricity
Total Actual Rent13025.0
Total Units8
Trash Expense2933.0
View Y/NNo
Water Sewer Expense5200.0
Waterfront Y/NNo
Year Built1925
Year Built SourceAssessor
ZoningLBR4R

Exterior for 3656 E 2nd Street

Building Area Total7308.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem01UnitAcre
Lot Size Acres0.1721
Lot Size Area7496.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters8
Number of Separate Gas Meters1
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesNone
SpaNo
Total Parking4.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $2,200,000
MLS#PW24063002
List Date 04/02/2024
Property Type Multi-Family
Phone 714.964.3311
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