545 West 3rd Street

Long Beach, CA 90802

$2,500,000
Price
12
Beds
12
Baths
5,440 Sq. Ft.
$460 / Sq. Ft.
5,440
Sq. Ft.
$460
per Sq. Ft.

Description

Prime investment opportunity. Large 4 Unit Complex in Downtown Long Beach directly across from the Gov. George Deukmejian Courthouse. Each unit is 3 bedroom & 2.5 bathroom, measuring an estimated 1,340/square feet each.
12 space parking lot in rear. The property was completely remodeled in 2004. PD30 Zoning with potential for future high-density multifamily development; up to 240 feet in height potential.

Property Details for 545 West 3rd Street

Parking Spaces Total
12
Private Pool
No

Location

Listing Courtesy of Lyon Stahl Investment Real Est, Austin Carr, DRE #01986298

Property Details for 545 West 3rd Street

StatusActive
MLS #PW20133363
Days on Market283
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1911
Lot Size0.17 AC / 7,501 SF
CountyLos Angeles County

Listing Agent

Austin Carr

Austin Carr

Lyon Stahl Investment Real Est

carr_austin@yahoo.com

P: 310.425.9838

M: 562.537.7496

DRE #01986298

Contact Agent(s)

Location

Listing Courtesy of Lyon Stahl Investment Real Est, Austin Carr, DRE #01986298

Building Information for 545 West 3rd Street

Stories-Residences-Year Built1911Building Size-Lot Size0.17 AC / 7,501 SF

Payment Calculator

$8,378 per month

30 year fixed, 2.95% Interest

Principal and Interest

$8,378

Property Taxes

HOA Dues

$0

Similar Homes

Property Information for 545 West 3rd Street

Property Features
    Interior Features
  • Common Walls: 2+ Common Walls
  • Laundry: Yes
  • Laundry Features: In Closet
  • Number of 3 Quarter Bathrooms: 0.0
  • Baths One Quarter: 0.0
  • Total Units: 4.0
    Exterior Features
  • Pool Features: None
    Parking Info
  • Carport Spaces: 0
  • Garage Spaces: 0
  • Uncovered Spaces: 12
    Water Details
  • Water Source: Public
Property / Structure Info
    Property / Structure Info
  • New Construction: No
  • Property Attached YN: true
  • Parcel Number: 7278022037
  • Property Type: Residential Income
  • Year Built: 1911
  • Year Built Source: Assessor
    Measurements / Dimensions
  • Building Area Total: 5440
  • Building Area Units: Square Feet
  • Living Area: 5440
Community/Development / Location Info
    School/Location Info
  • Zip Code: 90802
  • Street Number Numeric: 545.0
  • Street Name: 3rd
  • Street Direction Prefix: W
  • Street Suffix: Street
  • Country: US
  • County Or Parish: Los Angeles
  • Directions: Just off the Corner of Daisy and W. 3rd Street
  • Area: Downtown Area, Alamitos Beach (4)
    Association Information
  • Community Features: Urban
  • Subdivision Name: Downtown (DT)
  • Subdivision Name Other: Downtown (DT)
  • Senior Community: No
Income / Expense / Tax / Assessment Details
    Tax / Assessment Info
  • Tax Census Tract: 5759.01
  • Tax Block: 138
  • Tax Lot: 20
  • Tax Tract Number: 5759.0
  • Zoning: LBPD30
    Income Details
  • Gross Income: $96,000
  • Gross Scheduled Income: $96,000
  • Net Operating Income: $78,200
    Expense Details
  • Electric Expense: $0
  • Fuel Expense: $0
  • Insurance Expense: $0
  • New Taxes Expense: $0
  • Operating Expense: $17,800
  • Total Expenses: $17,800
  • Trash Expense: $0
  • Water Sewer Expense: $0
Unit Information
    Unit 1
  • Unit Type Actual Rent: $2,000
  • Unit Type Garage Spaces: 3
  • Unit Type Garage Attached: No
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Pro Forma: 3500
  • Unit Type Units Total: 4
  • Unit Type Total Rent: $8,000
  • Unit Type Type: 1
    Multi-Unit Info
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • 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
Rental Info
    Rental Info
  • Rent Controlled: Yes
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: 7502
  • Lot Size Units: Square Feet
  • Sewer: Public Sewer

Property History for 545 W 3rd St

DateEvent & SourcePriceAppreciation
Jul 8, 2020

Listed (Active)

CRMLS #PW20133363

$2,500,000
Jul 8, 2020

Listed (Active)

SDMLS #PW20133363

$2,500,000
Jul 8, 2020

Listed (Active)

CLAW #PW20133363MR

$2,500,000
DateEvent & SourcePrice
07/08/2020

Listed (Active)

CRMLS #PW20133363

$2,500,000
07/08/2020

Listed (Active)

SDMLS #PW20133363

$2,500,000
07/08/2020

Listed (Active)

CLAW #PW20133363MR

$2,500,000

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

Public Records for 545 West 3rd Street

Taxable ValueLand$720,627Additions$304,013Total$1,024,640
Tax Record2020$14,123 ($1,177 / month)
Home Facts
Total Finished SqFt5,440 SqFtAbove Grade Finished SqFt5,440 SqFtLot Size7,502 SqFtStyleQuadraplexYear Built1911Year Renovated1911ZoningLBPD30CountyLOS ANGELESAPN7278022037

Schools near 545 West 3rd Street


SchoolTypeGradesDistanceRating
Chavez Elementary SchoolPublicK-50.1 mi
6
Renaissance High School For The ArtsPublic9-120.7 mi
6
First Baptist Church SchoolPrivateK-120.7 mi
NR
Montessori On ElmPrivatePK-40.9 mi
NR

Chavez Elementary School

K-5, 0.1 mi, Public

6

Renaissance High School For The Arts

9-12, 0.7 mi, Public

6

First Baptist Church School

K-12, 0.7 mi, Private

NR

Montessori On Elm

PK-4, 0.9 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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Similar Sold Homes

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545 West 3rd Street is a multi-family home for sale in Long Beach, CA 90802. This property was listed for sale on July 8, 2020 by Lyon Stahl Investment Real Est at $2,500,000. It has been on the market for a total of 284 days and was last sold on March 29, 2013. This listing's school district is Long Beach Unified School District. Nearby schools include Chavez Elementary School, Renaissance High School For The Arts and First Baptist Church School. 545 West 3rd Street is a 12-bed, 12-bath, 5,440 sqft multi-family home built in 1911. This address can also be written as 545 W 3rd St.

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 Lyon Stahl Investment Real Est, Austin Carr, DRE #01986298

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.