421 West 3rd Street

Long Beach, CA 90802

$2,400,000
Price
8
Beds
8
Baths
5,100 Sq. Ft.
$471 / Sq. Ft.
5,100
Sq. Ft.
$471
per Sq. Ft.

Description

Price improvement and priced to sell! A perfect downtown Long Beach investment property. Totally TURN KEY with 7 unique units located in the heart of a fast growing city and only 3 blocks to the beach. This property also falls within the PD-30 Plan for downtown and located in the height incentive area for future investors to build up! 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...

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

Property Details for 421 West 3rd Street

StatusAccepting Backup Offers
MLS #PW20029181
Days on Market417
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1910
Lot Size0.17 AC / 7,501 SF
CountyLos Angeles County

Listing Agent

Contact Agent(s)

Location

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

Listing Agents

  1. Leslie Stonick

    Leslie Stonick

    Listing Agent

    Compass

    DRE #01363678

  2. Kara Mirarchi

    Kara Mirarchi

    Alternative Listing Agent

    Compass

    DRE #02048543

Building Information for 421 West 3rd Street

Stories2Residences-Year Built1910Building Size-Lot Size0.17 AC / 7,501 SF

Payment Calculator

$8,043 per month

30 year fixed, 2.95% Interest

Principal and Interest

$8,043

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
  • Number of 3 Quarter Bathrooms: 0.0
  • Baths One Quarter: 0.0
  • Total Units: 7.0
    Exterior Features
  • Fence: Yes
  • Fencing: Security
  • Pool Features: None
    Parking Info
  • Carport Spaces: 0
  • 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: 5100
  • Building Area Units: Square Feet
  • Living Area: 5100
Community/Development / Location Info
    School/Location Info
  • Zip Code: 90802
  • Street Number Numeric: 421.0
  • Street Name: W. 3rd
  • Country: US
  • County Or Parish: Los Angeles
  • Directions: Between Magnolia & Cedar
  • Area: 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
  • Zoning: Assessor
    Income Details
  • Gross Income: $100
  • Gross Scheduled Income: $155,124
  • 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: $16,080
  • 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: $1,900
  • 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: $1,900
  • 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

Property History for 421 W 3rd St

DateEvent & SourcePriceAppreciation
Mar 24, 2021

Accepting Backup Offers

SDMLS #PW20029181

Mar 23, 2021

Accepting Backup Offers

CRMLS #PW20029181

Mar 23, 2021

Pending

SDMLS #PW20029181

DateEvent & SourcePrice
03/24/2021

Accepting Backup Offers

SDMLS #PW20029181

03/23/2021

Accepting Backup Offers

CRMLS #PW20029181

03/23/2021

Pending

SDMLS #PW20029181

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$1,252,225Additions$535,910Total$1,788,135
Tax Record2020$23,576 ($1,965 / month)
Home Facts
Total Finished SqFt5,292 SqFtAbove Grade Finished SqFt5,292 SqFtLot Size7,505 SqFtStyleMulti-Family Res (5+ Units)ZoningLBPD30CountyLOS ANGELESAPN7280013028

Schools near 421 West 3rd Street


SchoolTypeGradesDistanceRating
Chavez Elementary SchoolPublicK-50.3 mi
6
Renaissance High School For The ArtsPublic9-120.6 mi
6
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

6

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.

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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

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association 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 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.