2611 East Broadway

Long Beach, CA 90803

$12,995,000
Price
8
Beds
58
Baths
28,010 Sq. Ft.
$464 / Sq. Ft.
28,010
Sq. Ft.
$464
per Sq. Ft.

Description

We are pleased to present the sale offering of 2611 E. Broadway. This 3-story multi family building is located in Coastal Long Beach on a prominent corner in the greater Belmont Heights area (technically Bluff Heights). This building consists of 36 units with a balanced mix of mainly 2 bedroom/2 bathroom apartments. The building is secure and offers three entrances, two staircases, and an elevator. Parking is available on two sides of the building with 17 individual parking garages. The building...We are pleased to present the sale offering of 2611 E. Broadway. This 3-story multi family building is located in Coastal Long Beach on a prominent corner in the greater Belmont Heights area (technically Bluff Heights). This building consists of 36 units with a balanced mix of mainly 2 bedroom/2 bathroom apartments. The building is secure and offers three entrances, two staircases, and an elevator. Parking is available on two sides of the building with 17 individual parking garages. The building is built around a large central landscaped courtyard with a pool. The laundry room is located on the ground level and provides additional income and has been recently remodeled. The building is well maintained with no major capital expenditures forecasted. The building was re-roofed in 2014, re-landscaped in a drought tolerant manner in 2016, and the pool was remodeled in 2017. The building is located in a prime location in regards to employment base, walkability, transportation access, and points of interest. Just a 1/4 mile from the beach and an easy walk to Bluff Park, Long Beach Art Museum/Claire’s, Retro Row/4th Street Corridor, and dozens of local restaurants and boutiques. Just slightly beyond these locations tenants have easy access to Downtown Long Beach and Belmont Shore/2nd Street/Naples Island. There are twenty-three 2 bedroom/2 bathroom units, two 2 bedroom/1 bathroom units, twelve 1 bedroom/1 bathroom units, and one 3 bedroom/2 bathroom. Units are nicely appointed and all offer private balconies, many with great views down Broadway or Wisconsin Ave. 2611 E. Broadway presents itself as a rare opportunity as substantial buildings with a great mix are few and far between in such an excellent coastal Long Beach location.
  1. Listed by Blake Nicolai • DRE #01896527 • Brokerage DRE #01363872 • Re/Max R. E. Specialists • 562.212.6561

Property Details for 2611 East Broadway

Architectural Style
Contemporary, Mid Century Modern, Modern, Ranch
View
City Lights, Courtyard, Neighborhood
Parking Spaces Total
17
Private Pool
Yes
Cooling Type
N/K
Total Units
36.0
Building Type
Attached
Lot Size Source
Assessor

Location

Listing Courtesy of Re/Max R. E. Specialists, Blake Nicolai, DRE #01896527
Add your commute
LISTING UPDATED: 01/18/2024 01:15 PM

Property Details for 2611 East Broadway

StatusActive
MLS #PW23136183
Days on Market279
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
CountyLos Angeles County

Location

Listing Courtesy of Re/Max R. E. Specialists, Blake Nicolai, DRE #01896527
Add your commute

Building Information for 2611 East Broadway

Building/Complex2611 E BroadwayFloor-Stories3Residences-Pet Policy-Year Built1964Building Size-

Payment Calculator

$73,980 per month

30 year fixed, 7.25% Interest

Principal and Interest

$70,919

Property Taxes

$3,061

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2611 East Broadway

Rental Info
Rental Info
  • Tenant Pays: Electricity
  • Pets Allowed: Call For Rules
Income / Expense / Tax Details
Income Details
  • Gross Income: $737,988
  • Gross Scheduled Income: $737,988
  • Net Operating Income: $446,057
  • Number Of Rented Garages: 17
  • Laundry Income: $4,077
  • Other Income Description: Garages incl. in some leases
Expense Details
  • Operating Expense: $238,395
  • Fuel Expense: $0
  • Electric Expense: $16,228
  • Insurance Expense: $20,603
  • Professional Management Expense: $41,861
  • Other Expense: $2,655
  • Other Expense Description: Phone
  • Trash Expense: $10,502
  • Water Sewer Expense: $8,624
  • Total Expenses: $238,395
Tax / Assessment Info
  • Tax Tract Number: 1
  • Tax Census Tract: 5767.00
  • CFD/Mello-Roos Fee: $7,470
  • Tax Lot: 16
Community / Development
Community / Development
  • Accessibility Features: No Interior Steps
  • Disability Access: No Interior Steps
  • Association Amenities: Pool, Pest Control, Trash, Water, Management
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Electric Range, Microwave, Refrigerator
  • Equipment: Community, Laundry Area, Microwave, Refrigerator, Room
  • Interior Features: Balcony, Ceiling Fan(s), Living Room Balcony
  • Room Type: Kitchen, Living Room, Primary Suite, Walk-In Closet
  • Bedroom Features: WalkInCloset
  • Laundry: Yes
  • Laundry Features: Common Area, Community, Individual Room
  • Laundry Equipment Own Lease: Lease
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Radiant
  • Heating: Radiant
  • Heat Equipment: Radiant
  • Flooring: Carpet, Laminate, Tile, Vinyl
Exterior Features
  • Security Features: Automatic Gate, Card/Code Access, Resident Manager, Security Lights, Smoke Detector(s)
  • Security: Automatic Gate
  • Construction Materials: Concrete, Drywall Walls, Stucco
  • Exterior Construction: Concrete, Stucco
  • Exterior: Stucco
  • Exterior Features: Awning(s), Lighting
  • Roof: Composition, Flat
  • Entry Location: Ground/Level 1
  • Fence: Yes
  • Fencing: Block
  • Foundation Details: Slab
  • Other Structures: Storage, Workshop
  • Property Condition: Updated/Remodeled
  • View Description: City Lights, Courtyard
  • Pool Features: Private, Community, Fenced
  • Pool Description: Fenced, Private
  • Pool: Community/Common, Private
  • Spa Features: None
Land/Lot Info
  • Lot Features: Corner Lot, Landscaped, Level
  • Direction Faces: South
  • Number Of Units: 36
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Alley Paved
  • Road Frontage Type: City Street
  • Levels: Three Or More
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Electric: Electricity - On Property
  • Water Source: Public
Parking Info
  • Garage Spaces: 17
  • Parking: Yes
  • Parking Garage: Garage - 1 Car, Private
  • Parking Garage Spaces: 17
  • Carport Spaces: 0
  • Parking Features: Garage Faces Rear, Garage Faces Side, Garage - Single Door, On Site, Private
Property / Structure Info
  • Builders Tract Name: Bluff Park
  • Builders Tract Code: Bluff Park (BLF)
Unit Information
Unit 1
  • Unit Type Units Total: 21
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 17
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $35,530
  • Unit Type Total Rent: $35,530
  • Unit Type Pro Forma: 49350
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $4,455
  • Unit Type Total Rent: $4,455
  • Unit Type Pro Forma: 4500
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 12
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $17,744
  • Unit Type Total Rent: $17,744
  • Unit Type Pro Forma: 21000
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,190
  • Unit Type Total Rent: $2,190
  • Unit Type Pro Forma: 2850
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 33
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 36
  • Number Of Separate Gas Meters: 0
  • Number Of Separate Water Meters: 0
  • Number With Range: 36
  • Number With Refrigerator: 36
  • Number With Disposal: 36
  • Number With Patio: 36

Property History for 2611 East Broadway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2611 East Broadway

Taxable ValueLand$968,689Additions$1,365,168Total$2,333,857
Tax Record2023$36,734 ($3,061 / month)
Home Facts
Total Finished SqFt28,010 SqFtAbove Grade Finished SqFt28,010 SqFtLot Size20,477 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningLBR3SCountyLOS ANGELESAPN7263-017-029

Schools near 2611 East Broadway

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

Jefferson Leadership Academies School
Public6 to 8

Wilson 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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2611 East Broadway is a multi-family home for sale in Long Beach, CA 90803. This property was listed for sale on July 24, 2023 by Re/Max R. E. Specialists, it's currently listed at $12,995,000. This listing's school district is Long Beach Unified School District. Nearby schools include Burbank Elementary School, Jefferson Leadership Academies School and Wilson High School. 2611 East Broadway is a 8-bed, 58-bath, 28,010 sqft multi-family home built in 1964.

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 Re/Max R. E. Specialists, Blake Nicolai, DRE #01896527

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.