Multifamily

1347 East 3rd Street

1347 E 3rd Street, Long Beach, CA 90802

Listing Price: $3,685,000

Cap Rate
4.02%
Number of Units
11
Price/Unit
$335,000
Price/Gross SF
$366.96
Gross SF
10,042

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 1347 East 3rd Street, an 11-unit multifamily investment property located in Long Beach, one of the premier housing markets in Southern California. Built in 1949, 1347 East 3rd Street offers 10, spacious one-bedroom units and 1, three-bedroom townhouse. The well-maintained property has recently been renovated with luxury unit upgrades including modern lighting, hardwood floors, paint, ceiling fans, countertops, cabinets, and appliances. In addition to the upgrades, the property features amenities including garage and uncovered parking, private patios and balconies, and in unit washer and dryer hook-ups. Located in Long Beach’s Alamitos Beach neighborhood, 1347 East 3rd Street is within walking distance from Alamitos Beach and Junipero Beach. Additionally, the property is one mile away from The Promenade, a six block thoroughfare in the heart of Downtown Long Beach that is anchored by both the large retail center formerly known as City Place and the Long Beach Convention Center. 1347 East 3rd Street is also just over one mile from The Pike Outlets, an outdoor mall with nearly 400,000 square feet of retail space that offers residents a plethora of dining, shopping, and entertainment experiences.

Investment Highlights

  • An 11-Unit Multifamily Investment Property Located in Long Beach
  • Well-Maintained Property Consisting of 10, Spacious One-Bedroom Units and 1, Three-Bedroom Townhouse
  • Amenities Include Garage and Uncovered Parking, Private Patios and Balconies, and In-Unit Washer and Dryer Hook-Ups
  • Recent Upgrades Include New Modern Lighting, Hardwood Floors, Paint, Countertops, Appliances, and Cabinets
  • Just a Short Walk to Alamitos Beach and Junipero Beach

Exclusively Listed By

Listing Price: $3,685,000

Cap Rate
4.02%
Number of Units
11
Price/Unit
$335,000
Price/Gross SF
$366.96
Gross SF
10,042

Investment Highlights

  • An 11-Unit Multifamily Investment Property Located in Long Beach
  • Well-Maintained Property Consisting of 10, Spacious One-Bedroom Units and 1, Three-Bedroom Townhouse
  • Amenities Include Garage and Uncovered Parking, Private Patios and Balconies, and In-Unit Washer and Dryer Hook-Ups
  • Recent Upgrades Include New Modern Lighting, Hardwood Floors, Paint, Countertops, Appliances, and Cabinets
  • Just a Short Walk to Alamitos Beach and Junipero Beach

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 1347 East 3rd Street, an 11-unit multifamily investment property located in Long Beach, one of the premier housing markets in Southern California. Built in 1949, 1347 East 3rd Street offers 10, spacious one-bedroom units and 1, three-bedroom townhouse. The well-maintained property has recently been renovated with luxury unit upgrades including modern lighting, hardwood floors, paint, ceiling fans, countertops, cabinets, and appliances. In addition to the upgrades, the property features amenities including garage and uncovered parking, private patios and balconies, and in unit washer and dryer hook-ups. Located in Long Beach’s Alamitos Beach neighborhood, 1347 East 3rd Street is within walking distance from Alamitos Beach and Junipero Beach. Additionally, the property is one mile away from The Promenade, a six block thoroughfare in the heart of Downtown Long Beach that is anchored by both the large retail center formerly known as City Place and the Long Beach Convention Center. 1347 East 3rd Street is also just over one mile from The Pike Outlets, an outdoor mall with nearly 400,000 square feet of retail space that offers residents a plethora of dining, shopping, and entertainment experiences.

Exclusively Listed By

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