Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 1028 East 3rd Street, a 12-unit multifamily investment property located in the Alamitos Beach neighborhood of Long Beach, CA. 1028 East 3rd Street offers an attractive mix of one and two-bedroom floor plans as well as amenities including gated access, garage parking (available for an additional charge), and in-unit laundry (included in the two-bedroom units and available for one-bedroom units for an additional charge). The unit interiors at the property have been substantially renovated to include upgrades such as new soft close cabinetry in the kitchen, a stainless steel appliance package, Carrera quartz countertops, original refinished wood flooring, recessed lighting, and more (please see OM for more details). Positioned near the intersection of the East Village, North Alamitos Beach, and Alamitos Beach neighborhoods, 1028 East 3rd Street offers residents easy access to all that Long Beach has to offer. The property is situated in the northwest corner of the Alamitos Beach neighborhood, providing tenants convenient access to the eponymous beach as well as the plethora of retail, dining, and entertainment options located moments away in Downtown Long Beach and the Shoreline Village. 1028 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. The property’s ideal Long Beach location surrounded by neighborhoods offering a wide variety of activities, employment, transportation, and retail amenities is a primary draw for potential renters. This overall demand for a well-located and maintained apartment building will be a key driver in the continued growth and success at 1028 East 3rd Street.