Sold
535 W 3rd Street
Long Beach CA, 90802
$4,300,000
$343.83 per sqft
Sold
12,506 sqft
Multi-family
Built in 1964
Listed by Steven Bogoyevac with Steven M. Bogoyevac, Broker 562-436-5800
535 West 3rd Street is a 16-unit apartment building in Long Beach, California. This property is located right in the hustle and bustle of flourishing Downtown Long Beach across from the Governor George Deukmejian Courthouse and conveniently near dining, retail, and entertainment (WalkScore: 91). The building is a 1964 construction with a desirable mix of 13 two-bed/two-bath units and three one-bed/one-bath units, garage and tandem driveway parking, balconies, and on-site laundry.
Excitingly, four ADU's are approved and RTI. Meanwhile, existing rents offer a new investor 15 percent rental upside. Assumable financing is available at 3.2% fixed rate with five years remaining, one of which is interest-only; the remaining loan balance is approximately $2.5 Million.
This asset is offered as part of a portfolio of Long Beach apartment buildings that range from eight to 52 units. Properties available separately or together.
PW23224434
MLSⓇ ID
December 11, 2023
Listed
April 16, 2024
Updated
Map
535 W 3rd Street
Long Beach CA, 90802
Interior Features
Total Stories
3
Laundry Description
Common Area
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.17 Acres
Lot Features
Rectangular Lot
Sewer
Public Sewer
Other Property Details
Area Name
4 - Downtown Area, Alamitos Beach
Days on Market
107
Garage
Yes
Garage Spaces
8
Parking Total
8
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
LBPD30
Buyer Agency Compensation
2%
Listing History
Date | Event | Price |
|---|---|---|
4/16/2024 | Sold | $4,300,000 |
3/27/2024 | Pending | — |
1/31/2024 | Price Change | $4,300,000 -5% |
Listing Contact: 562-436-5800
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/16/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 4/16/2024 at 10:09 PM UTC