1731 East 3rd Street

Long Beach, CA 90802

$1,125,000
Price
3
Beds
2
Baths
1,789 Sq. Ft.
$629 / Sq. Ft.
1,789
Sq. Ft.
$629
per Sq. Ft.

Description

Investment opportunity in the heart of Alamitos Beach in Long Beach, CA. This duplex offers the perfect blend of vintage appeal and modern convenience, promising comfortable living and enticing potential for rental income. The unit mix consists of a spacious two-bedroom, one-bathroom unit with a versatile den, ideal for use as an additional bedroom or home office, catering to the diverse needs of potential tenants and a cozy detached one-bedroom, one-bathroom unit. Outside, a generously sized backyard...Investment opportunity in the heart of Alamitos Beach in Long Beach, CA. This duplex offers the perfect blend of vintage appeal and modern convenience, promising comfortable living and enticing potential for rental income. The unit mix consists of a spacious two-bedroom, one-bathroom unit with a versatile den, ideal for use as an additional bedroom or home office, catering to the diverse needs of potential tenants and a cozy detached one-bedroom, one-bathroom unit. Outside, a generously sized backyard provides a tranquil retreat for relaxation or entertaining, offering a serene oasis amidst the urban landscape. Meanwhile, three single-car garages provide convenient parking for tenants, ensuring hassle-free access and added convenience. Whether you're looking to invest in rental properties or seeking a place to call home with supplementary rental income, this duplex presents an exceptional opportunity in a highly sought-after location. There is also an ADU potential considering the large backyard and detached garages. This is to be determined by a buyer confirming viability with the City of Long Beach.
  1. Listed by Mark Beat • DRE #01467690 • Brokerage DRE #01443822 • Keller Williams Coastal Prop.

Property Details for 1731 East 3rd Street

Parking Spaces Total
3
Private Pool
No
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
1789
Assessor Parcel Number
7275-014-012
Property Attached YN
false

Location

Listing Courtesy of Keller Williams Coastal Prop., Mark Beat, DRE #01467690
Add your commute
LISTING UPDATED: 04/11/2024 04:11 AM

Property Details for 1731 East 3rd Street

StatusActive
MLS #PW24050240
Days on Market48
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1930
Lot Size0.15 AC / 6,442 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Coastal Prop., Mark Beat, DRE #01467690
Add your commute

Building Information for 1731 East 3rd Street

Stories1Residences-Year Built1930Building Size-Lot Size0.15 AC / 6,442 SF

Payment Calculator

$6,472 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,140

Property Taxes

$332

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1731 East 3rd Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $36,000
  • Gross Scheduled Income: $45,000
  • Net Operating Income: $36,000
Expense Details
  • Operating Expense: $9,000
  • Fuel Expense: $0
  • Electric Expense: $1
  • Insurance Expense: $1
  • Trash Expense: $1
  • Water Sewer Expense: $1
  • Total Expenses: $9,000
Tax / Assessment Info
  • Tax Block: C
  • Tax Tract Number: 1
  • Tax Census Tract: 5765.03
  • CFD/Mello-Roos Fee: $513
  • Tax Lot: 12
Community / Development
Community / Development
  • Community Features: Biking, Park
Property / Structure Info
Interior Features
  • Interior Features: Ceiling Fan(s), Copper Plumbing Partial
  • Laundry: Yes
  • Laundry Features: Inside
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Wood
Exterior Features
  • Entry Location: Front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Electric: Electricity Connected, Natural Gas Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 3
  • Parking Garage Spaces: 3
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Bluff Park
  • Builders Tract Code: Bluff Park (BLF)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,100
  • Unit Type Total Rent: $2,100
  • Unit Type Pro Forma: 2100
  • 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: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,600
  • Unit Type Total Rent: $1,600
  • Unit Type Pro Forma: 1600
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: No
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Property History for 1731 East 3rd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1731 East 3rd Street

Taxable ValueLand$157,816Additions$121,218Total$279,034
Tax Record2023$3,985 ($332 / month)
Home Facts
Total Finished SqFt1,789 SqFtAbove Grade Finished SqFt1,789 SqFtLot Size6,442 SqFtStyleDuplexYear Built1930ZoningLBR1NCountyLOS ANGELESAPN7275-014-012

Schools near 1731 East 3rd Street

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 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

Clear Passage Educational Center
Charter9 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.

Similar Homes

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1731 East 3rd Street is a multi-family home for sale in Long Beach, CA 90802. This property was listed for sale on March 11, 2024 by Keller Williams Coastal Prop., it's currently listed at $1,125,000. This listing's school district is Long Beach Unified School District. Nearby schools include Burbank Elementary School, Franklin Classical Middle School and Polytechnic High School. 1731 East 3rd Street is a 3-bed, 2-bath, 1,789 sqft multi-family home built in 1930.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Coastal Prop., Mark Beat, DRE #01467690

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.