1421 E 3rd St

Long Beach, CA 90802

$1,695,000
Price
4
Beds
4
Baths
4,450 Sq. Ft.
$381 / Sq. Ft.
4,450
Sq. Ft.
$381
per Sq. Ft.
Active Under Contract
Active Under Contract
a view of a building with sitting area
an aerial view of residential houses
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an aerial view of a city
a view of the city street with cars
a view of empty room with wooden floor and fan
a view of an empty room with wooden floor and a window
a view of an empty room with window and wooden floor
a kitchen with a sink stove and refrigerator
a bathroom with a granite countertop sink and a mirror
a view of front a house with a yard

Description

Investor/Developer Opportunity in Prime Alamitos Beach! Welcome to 1421-1427 E. 3rd Street, a rare opportunity to own a well-maintained fourplex in the heart of Long Beach’s highly sought-after Alamitos Beach neighborhood. Just blocks from the ocean, vibrant Retro Row, and bustling Downtown Long Beach, this property offers the perfect blend of location, cash flow, and development potential. Each of the four spacious units is approximately 1,110 square feet and offers a comfortable and functional...Investor/Developer Opportunity in Prime Alamitos Beach! Welcome to 1421-1427 E. 3rd Street, a rare opportunity to own a well-maintained fourplex in the heart of Long Beach’s highly sought-after Alamitos Beach neighborhood. Just blocks from the ocean, vibrant Retro Row, and bustling Downtown Long Beach, this property offers the perfect blend of location, cash flow, and development potential. Each of the four spacious units is approximately 1,110 square feet and offers a comfortable and functional layout with large living rooms, separate dining areas, hardwood floors, and abundant natural light. The two downstairs units feature charming outdoor front porches directly off the living room—perfect for relaxing or entertaining. The two upstairs units each include a bonus room/den ideal for a home office, though technically recorded as two-bedroom units per title, the second room does not function as a true bedroom. All units include in-unit washer/dryer hookups and the property is separately metered for gas, electricity, and trash—tenants pay their own utilities, while the owner pays for water. Situated on an oversized 8,337 SF lot, the property includes 8 surface parking spaces—a valuable amenity in this high-demand neighborhood. With generous lot size and favorable zoning, there's potential to add up to 4 ADUs (buyer to verify), creating an 8-unit income-producing property. Whether you're an investor seeking stable income and long-term upside, or a developer looking to maximize value through expansion, this property offers incredible potential in one of Long Beach’s strongest rental markets. Highlights:

Four large ~1,110 SF units, 8 surface parking spaces, 8,337 SF lot with ADU potential (up to 4 additional units – buyer to verify), new sewer line from building to city main in 2023, complete exterior paint 2025, Downstairs units feature private front porches, Upstairs units include bonus den/office space (title reflects 2 bedrooms), In-unit laundry hookups, Separately metered for gas, electricity, and trash (tenants pay utilities), Owner pays water,, Prime Alamitos Beach location near the ocean, shops, restaurants & nightlife

Endless potential. Unbeatable location. Don’t miss this rare chance to own in one of Long Beach’s most vibrant and walkable neighborhoods!
  1. Listed by Spencer Pabst • DRE #01849377 • Brokerage DRE #00858534 • Pabst, Kinney & Associates • 562-884-6875

Property Details for 1421 East 3rd Street

Parking Spaces Total
8
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4450
Assessor Parcel Number
7275-008-022
Property Attached YN
true
LISTING UPDATED: 12/08/2025 01:42 AM

Property Details for 1421 East 3rd Street

StatusActive Under Contract
MLS #PW25239232
Days on Market54
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1920
Lot Size0.19 AC / 8,337 SF
CountyLos Angeles County

Location

Listing Courtesy of Pabst, Kinney & Associates, Spencer Pabst, DRE #01849377
Add your commute

Building Information for 1421 East 3rd Street

Stories2Residences-Year Built1920Building Size-Lot Size0.19 AC / 8,337 SF

Payment Calculator

$8,685 per month

30 year fixed, 6.28% Interest

Principal and Interest

$8,376

Property Taxes

$309

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1421 East 3rd Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $9,000
  • Gross Scheduled Income: $108,000
  • Gross Operating Income: $108,000
  • Net Operating Income: $0
Expense Details
  • Operating Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Block: S
  • Tax Tract Number: 5765
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 5
Community / Development
Community / Development
  • Community Features: Street Lights
  • Community: Alamitos Beach (AB)
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Individual Room, Inside
  • Heating Type: Floor Furnace, Wall Furnace
  • Heating: Floor Furnace, Wall Furnace
  • Heat Equipment: Floor Furnace
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
Land/Lot Info
  • Lot Features: Rectangular Lot
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Uncovered Spaces: 8
  • Open Other Spaces Total: 8
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Alamitos Beach
  • Builders Tract Code: Alamitos Beach (AB)
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,280
  • Unit Type Total Rent: $2,280
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,250
  • Unit Type Total Rent: $2,250
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,070
  • Unit Type Total Rent: $2,070
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 3
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 1421 East 3rd Street

DateEvent & SourcePriceAppreciation
Dec 5, 2025

Accepting Backup Offers

SDMLS #PW25239232

—
Dec 5, 2025

Accepting Backup Offers

CRMLS #PW25239232

—
Dec 5, 2025

Accepting Backup Offers

CLAW #PW25239232MR

—
Oct 15, 2025

Listed (Active)

CRMLS #PW25239232

$1,695,000—
Oct 14, 2025

Listed (Active)

CLAW #PW25239232MR

$1,695,000—
Oct 14, 2025

Listed (Active)

SDMLS #PW25239232

$1,695,000—
DateEvent & SourcePrice
12/05/2025

Accepting Backup Offers

SDMLS #PW25239232

—
12/05/2025

Accepting Backup Offers

CRMLS #PW25239232

—
12/05/2025

Accepting Backup Offers

CLAW #PW25239232MR

—
10/15/2025

Listed (Active)

CRMLS #PW25239232

$1,695,000
10/14/2025

Listed (Active)

CLAW #PW25239232MR

$1,695,000
10/14/2025

Listed (Active)

SDMLS #PW25239232

$1,695,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1421 East 3rd Street

Taxable ValueLand$115,947Additions$87,744Total$203,691
Tax Record2025$3,711 ($309 / month)
Home Facts
Total Finished SqFt4,450 SqFtAbove Grade Finished SqFt4,450 SqFtLot Size8,389 SqFtStyleQuadraplexYear Built1920ZoningLBR3SCountyLOS ANGELESAPN7275-008-022

Schools near 1421 East 3rd Street

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Burbank Elementary School
Public - K to 5
Franklin Classical Middle School
Public - 6 to 8
Polytechnic High School
Public - 9 to 12
Renaissance High School For The Arts
Public - 9 to 12
Rating
School
Distance
Burbank Elementary School
PublicK to 5

Franklin Classical Middle School
Public6 to 8

Polytechnic High School
Public9 to 12

Renaissance High School For The Arts
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Pabst, Kinney & Associates, Spencer Pabst, DRE #01849377

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.