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Listed by Tyler Leeson • Marcus & Millichap RE Invest
$ 1,325,000
Est. payment /mo
Pending
702 East 3rd Street Long Beach, CA 90802
3,264 SqFt
UPDATED:
09/03/2024 05:56 AM
Key Details
Property Type Single Family Home
Listing Status Pending
Purchase Type For Sale
Square Footage 3,264 sqft
Price per Sqft $405
MLS Listing ID OC-23047340
Year Built 1919
Lot Size 2,613 Sqft
Property Description
702 East 3rd Street is a 4-unit multifamily investment property located in the East Village Arts District of Long Beach, CA. 702 East 3rd Street offers an attractive mix of 2, two-bedroom units and 2, three-bedroom units with significant rental upside. The property has received significant capital investment towards modernizing the units with three of four units featuring upgraded countertops, flooring, paint, and appliances. Tenants pay for their own electric and gas. The property is positioned near the intersection of the East Village and Alamitos Beach neighborhoods, offering residents easy access to all that Long Beach has to offer. The property is situated in the East Village Arts District, providing tenants convenient access to the plethora of retail, dining, and entertainment options located in Downtown Long Beach and the Shoreline Village. 702 East 3rd Street is within 1 mile of the 4th Street Corridor, more commonly known as "Retro Row", a stretch of 4th Street with numerous specialty shops and cafes. Additionally, the property benefits from its location near the junction of East Ocean Boulevard and Alamitos Avenue, two major thoroughfares that connect residents to arterial freeways.
Location
State CA
County Los Angeles
Zoning LBPD30
Interior
Laundry Common Area, Electric Dryer Hookup, Washer Hookup
Exterior
Parking Features Gated
Pool None
Community Features Curbs, Sidewalks
Building
Lot Description Level with Street
Sewer Public Sewer