421 W. 3rd, Long Beach, CA 90802 - PW20029181 - iPro Real Estate
iPro Real Estate

iPro Real Estate

421 W. 3rd
Long Beach, CA 90802

Active Contingent, Multi-Family/Income Sale

For Sale

$2,400,000 $320.00 per sqft

Free Professional CMA

Listing ID : PW20029181

  • Garage

    1
  • Lot Size

    7,500 Sqft
  • Year

    1910

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 one bath with a lovely balance of upgrades yet keeping the charm alive with exposed beams, hardwood floors and built-ins. Each unit also has their own outdoor balcony space. The 5th one bedroom one bath is a totally remodeled, very popular Air B&B that brings more income to this investment property. Upstairs is a gorgeous 3 bedroom 2 bath with gas fireplace and comes with 2 parking spaces. The last unit is an adorable studio apartment. There are 5 parking spaces on site and one separate garage space on the property. This property is at 100% capacity and tenants that do not park on site, have assigned parking directly across the street at the Gallery. A modern courtyard separates the two structures complete with lounge seating and eating area. This property has 3

Details

Type: Multi-Family/Income Sale 
Subdivision: 4 - Downtown Area, Alamitos Beach 
County: Los Angeles 
Tax ID: 7280013028
Days on Market: 469 
Laundry: Other 
Number of Buildings: 2 
Number of Units: 7 
Parking Spaces: 1 
Property Type: Commercial Sale 
Style: Craftsman 
Water: District - Public 

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33.770809 -118.196922 $2,400,000 PW20029181
421 W. 3rd, Long Beach, CA 90802
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Area Information 90802

Population:

39,497 Up .01% since 2010
Average Income:
$61,395
Average Age:
35Years
Gender:
51.7%Male
48.3%Female
Households:
19,93217.28% with children
Average Value:
$498,853
Occupancy:
22.58%Owned
77.42%Rented
14.91%Vacant
Education:
15.24%High School
8.35%Associate
22.01%Bachelor
12.91%Graduate
Average Residency:
18Years
Crime Rate:
Above Average
Annual Rainfall:
12.71Inches
Earthquake Risk:
Very High
Hurricane Risk:
Very Low
Ozone Risk:
Average
Pollution Risk:
Average
Tornado Risk:
Below Average

Nearby Schools Long Beach School Districts

School Name GS Rating Parent Rating Distance

Edison Elementary School

public • K-5
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First Baptist Church School

private • K-12
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Chavez Elementary School

public • K-5
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Montessori On Elm

private • PK-4
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School Name GS Rating Parent Rating Distance

First Baptist Church School

private • K-12
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True Social Justice Academy

private • 6-12
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Washington Middle School

public • 6-8
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Muila Area 2

private • K-12
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Ubm School

private • K-12
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School Name GS Rating Parent Rating Distance

First Baptist Church School

private • K-12
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True Social Justice Academy

private • 6-12
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Regency High School

private • 8-12
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Saint Anthony High School

private • 9-12
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Intellectual Virtues Academy

charter • 9-12
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Polytechnic High School

public • 9-12
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History

Date Transaction Price Mortgage Amt & Lender
Date
Jun 08, 2019
Transaction
Expired - Commercial Multi-Residential (5+ units)CRP482497
Price
$1,089,000
Mortgage Amt & Lender
- -
Date
May 25, 2017
Transaction
Expired - Commercial Multi-Residential (5+ units)CRP510987
Price
$1,039,000
Mortgage Amt & Lender
- -
Date
May 25, 2017
Transaction
Expired - Commercial Multi-Residential (5+ units)CRP530540
Price
$999,900
Mortgage Amt & Lender
- -

Mortgage Calculator

Listed by Leslie Stonick with Compass

Based on information from the MLSListings MLS) as of 5/15/2021. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than iPro Real Estate are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. Based on information from the MLSListings MLS) as of 5/15/2021. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. ©2021 MLSListings Inc. All rights reserved. Data updated approximately every 30 minutes