421 West 3rd Street

Long Beach, CA 90802

$2,700,000
Price
5
Beds
5
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

The perfect downtown Long Beach investment property is here. This Charming craftsman beauty is totally TURN KEY with 7 unique units located in the heart of a fast growing city and only 3 blocks to the beach. Each unit is metered separately for gas and electric, has its own tankless water heater AND has private laundry inside each unit. WOW! There are 4 large one bedroom one bath with a lovely balance of upgrades yet keeping the charm alive with exposed beams, hardwood floors and built-ins. Each unit...

Property Details for 421 West 3rd Street

Architectural Style
Craftsman
Parking Spaces Total
1
Private Pool
No

Location

Listing Courtesy of Compass, Leslie Stonick, DRE #01363678; Compass Newport Beach, Kara Mirarchi, DRE #02048543

Listing Agents

  1. Leslie Stonick

    Listing Agent

    Compass

    DRE #01363678

  2. Kara Mirarchi

    Alternative Listing Agent

    Compass

    DRE #02048543

Building Information for 421 West 3rd Street

Stories-Residences-Year Built1910Building Size-Lot Size0.17 AC / 7,500 SF

Payment Calculator

$9,711 per month

30 year fixed, 3.51% Interest

Principal and Interest

$9,711

Property Taxes

HOA Dues

$0

Similar Homes

Property Information for 421 West 3rd Street

Property Features
    Interior Features
  • Common Walls: 1 Common Wall
  • Flooring Type: Wood
  • Laundry: Yes
  • Laundry Features: Inside
  • Levels: Two
  • Total Units: 7.0
    Exterior Features
  • Fence: Yes
  • Fencing: Security
  • Pool Features: None
    Parking Info
  • Garage Spaces: 1
  • Parking: Yes
  • Parking Features: Assigned
    Water Details
  • Water Source: Public
Property / Structure Info
    Property / Structure Info
  • New Construction: No
  • Property Attached YN: true
  • Parcel Number: 7280013028
  • Property Type: Residential Income
  • Year Built: 1910
  • Year Built Source: Assessor
    Measurements / Dimensions
  • Building Area Total: 7500
  • Building Area Units: Square Feet
Community/Development / Location Info
    School/Location Info
  • Status: Active
  • Zip Code: 90802
  • Street Number Numeric: 421.0
  • Street Name: W. 3rd
  • Country: US
  • County Or Parish: Los Angeles
  • Directions: Between Magnolia & Cedar
  • MLS Area Major: Downtown Area, Alamitos Beach (4)
    Association Information
  • Association: No
  • Community Features: Biking
  • Association Fee: $.00
  • Subdivision Name: Alamitos Beach (AB)
  • Subdivision Name Other: Alamitos Beach (AB)
  • Senior Community: No
Income / Expense / Tax / Assessment Details
    Tax / Assessment Info
  • Assessments: Buyer to Verify
  • Assessments YN: Yes
  • Tax Lot: 28
  • Tax Tract Number: 575902
    Income Details
  • Gross Income: $100
  • Gross Scheduled Income: $177,384
  • Laundry Income: $0
  • Net Operating Income: $145,548
  • Other Income Description: each unit individually metered
    Expense Details
  • Electric Expense: $500
  • Fuel Expense: $0
  • Insurance Expense: $0
  • New Taxes Expense: $0
  • Operating Expense: $31,836
  • Pest Control Expense: $50
  • Professional Management Expense: $770
  • Total Expenses: $16,080
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Gardener Expense: $20
Unit Information
    Unit 1
  • Unit Type Actual Rent: $1,750
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Pro Forma: 2000
  • Unit Type Units Total: 4
  • Unit Type Total Rent: $1,750
  • Unit Type Type: 1
    Unit 2
  • Unit Type Actual Rent: $1,242
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Pro Forma: 1250
  • Unit Type Units Total: 1
  • Unit Type Total Rent: $1,242
  • Unit Type Type: 2
    Unit 3
  • Unit Type Actual Rent: $2,695
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Pro Forma: 2695
  • Unit Type Units Total: 1
  • Unit Type Total Rent: $2,695
  • Unit Type Type: 3
    Unit 4
  • Unit Type Actual Rent: $3,500
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Furnished
  • Unit Type Pro Forma: 4000
  • Unit Type Units Total: 1
  • Unit Type Total Rent: $3,500
  • Unit Type Type: 4
    Multi-Unit Info
  • Number Of Buildings: 2
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 7
  • Number Wall AC: 2
  • Average Studio Area Units: Square Feet
  • Average 1 Bed Area Units: Square Feet
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area: 1
  • Average 1 Bed Area: 5
  • Average 2 Bed Area: 0
  • Average 3 Bed Area: 1
Rental Info
    Rental Info
  • Rent Controlled: No
Land/Lot Info
    Land/Lot Info
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Acres: .17
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 7500
  • Lot Size Units: Square Feet
  • Sewer: Public Sewer
Listing / Showing Information / Virtual Tour
    Showing Info
  • List Price: 2700000.0

Property History for 421 West 3rd Street

DateEvent & SourcePriceAppreciation
Mar 26, 2020

Price Change

CRMLS #PW20029181

$2,700,000
Feb 1, 2020

Listed (Active)

CRMLS #PW20029181

$2,800,000
Oct 22, 2019

Withdrawn / Cancelled

CRMLS #PW19134112

DateEvent & SourcePrice
03/26/2020

Price Change

CRMLS #PW20029181

$2,700,000
02/01/2020

Listed (Active)

CRMLS #PW20029181

$2,800,000
10/22/2019

Withdrawn / Cancelled

CRMLS #PW19134112

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

Public Records for 421 West 3rd Street

Taxable ValueLand$1,227,672Additions$525,402Total$1,753,074
Tax Record2018$22,634
Home Facts
Beds5Finished Sq.Ft.5,292 SqFtLot Size7,505 SqFtStyleMulti-Family Res (5+ Units)ZoningLBPD30CountyLOS ANGELESAPN7280013028

Schools near 421 West 3rd Street

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
Chavez Elementary SchoolPublicK-50.3 mi
6
Renaissance High School For The ArtsPublic9-120.6 mi
5
First Baptist Church SchoolPrivateK-120.7 mi
NR
Montessori On ElmPrivatePK-40.8 mi
NR

Chavez Elementary School

K-5, 0.3 mi, Public

6

Renaissance High School For The Arts

9-12, 0.6 mi, Public

5

First Baptist Church School

K-12, 0.7 mi, Private

NR

Montessori On Elm

PK-4, 0.8 mi, Private

NR

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.

Property Details for 421 West 3rd Street

StatusActive
MLS #PW20029181
Year Built1910
DOM60
Compass TypeMulti Family
MLS TypeResidential Income
Lot Size0.17 AC / 7,500 SF
Taxes-
Condo/Co-op Fees-
HOA Fees-
CountyLos Angeles County

Listing Agent

Contact Agent(s)

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

421 West 3rd Street is a multi-family home for sale in Long Beach, CA 90802. This property was listed for sale on February 1, 2020 by Compass at $2,700,000. It has been on the market for a total of 60 days and was last sold on January 5, 2017. Nearby schools include Richard D. Browning High, Reid High School and Ernest S. McBride Sr. High School. 421 West 3rd Street is a 5-bed, 5-bath, multi-family home built in 1910.

All data, including all measurements and calculations of area, is obtained from various sources, is approximate, and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements and Compass expressly disclaims any liability in connection with such measurements.
Listing Courtesy of Compass, Leslie Stonick, DRE #01363678; Compass Newport Beach, Kara Mirarchi, DRE #02048543
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