1750 East 3rd Street

Long Beach, CA 90802

$3,200,000
Price
1
Beds
4
Baths
6,732 Sq. Ft.
$475 / Sq. Ft.
6,732
Sq. Ft.
$475
per Sq. Ft.

Description

Prime Alamitos Beach location. Excellent low vacancy rental area. First time for sale in 28 years! Court style 16 unit apt. building with 4-(1 Br's), 12-(Studio's), 4-(Garages). New paint and stucco within past 3 years. New vinyl windows and laminate flooring in most units. Fixer opportunity... Property needs repiping! Separate Electric meters, Master Gas. Huge Lot 55 X 151.Prime Alamitos Beach location. Excellent low vacancy rental area. First time for sale in 28 years! Court style 16 unit apt. building with 4-(1 Br's), 12-(Studio's), 4-(Garages). New paint and stucco within past 3 years. New vinyl windows and laminate flooring in most units. Fixer opportunity... Property needs repiping! Separate Electric meters, Master Gas. Huge Lot 55 X 151.
  1. Listed by Mark Kachigan • DRE #00644779 • Brokerage DRE #00858534 • Pabst, Kinney & Associates • 562-225-4848

Property Details for 1750 East 3rd Street

Parking Spaces Total
4
Private Pool
No
Total Units
16.0
Building Type
Attached
Lot Size Source
Assessor
Lot Size Dimensions
55' X 151'
Living Area
6732
Assessor Parcel Number
7275-013-020

Location

Listing Courtesy of Pabst, Kinney & Associates, Mark Kachigan, DRE #00644779
Add your commute
LISTING UPDATED: 04/17/2024 01:53 AM

Property Details for 1750 East 3rd Street

StatusActive Under Contract
MLS #PW24057484
Days on Market14
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
CountyLos Angeles County

Location

Listing Courtesy of Pabst, Kinney & Associates, Mark Kachigan, DRE #00644779
Add your commute

Building Information for 1750 East 3rd Street

Building/Complex1750 E 3rd StFloor-Stories2Residences-Pet Policy-Year Built1922Building Size-

Payment Calculator

$18,870 per month

30 year fixed, 7.25% Interest

Principal and Interest

$17,464

Property Taxes

$1,406

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1750 East 3rd Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $254,400
  • Gross Scheduled Income: $254,400
  • Gross Equity: $3,200,000
  • Vacancy Allowance: 7632
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $246,768
  • Net Operating Income: $148,061
  • Number Of Rented Garages: 4
  • Other Income Description: Laundry with "WASH", Garages
  • Gross Multiplier: 12.6
  • Current Financing: None
Expense Details
  • Operating Expense: $98,707
  • Operating Expense Percent: 40.00%
  • Gardener Expense: $1,500
  • Fuel Expense: $0
  • Licenses Expense: $295
  • Pest Control Expense: $1,045
  • Electric Expense: $0
  • Insurance Expense: $5,047
  • Professional Management Expense: $20,911
  • Other Expense: $10,693
  • Other Expense Description: Utility
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $98,707
Tax / Assessment Info
  • Tax Block: 129
  • Tax Tract Number: 1004
  • Tax Census Tract: 5765.03
  • CFD/Mello-Roos Fee: $2,595
  • Tax Lot: 7
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Flooring: Laminate
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Level with Street, Rectangular Lot, Level, Near Public Transit, Park Nearby
  • Number Of Units: 16
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Road Surface Type: Paved
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Alamitos Beach
  • Builders Tract Code: Alamitos Beach (AB)
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $6,450
  • Unit Type Total Rent: $6,450
  • Unit Type Pro Forma: 0
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 12
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $14,750
  • Unit Type Total Rent: $14,750
  • Unit Type Pro Forma: 0
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 17
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 1750 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 1750 East 3rd Street

Taxable ValueLand$457,874Additions$689,266Total$1,147,140
Tax Record2023$16,869 ($1,406 / month)
Home Facts
Total Finished SqFt6,732 SqFtAbove Grade Finished SqFt6,732 SqFtLot Size8,268 SqFtStyleMulti-Family Res (5+ Units)Year Built1922ZoningLBR2NCountyLOS ANGELESAPN7275-013-020

Schools near 1750 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.

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

Listing Courtesy of Pabst, Kinney & Associates, Mark Kachigan, DRE #00644779

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.