Search
1837 E 3Rd St, Long Beach, CA 90802
Image 2 for 1837 E 3Rd St, Long Beach, CA 90802
Image 3 for 1837 E 3Rd St, Long Beach, CA 90802
View Photos

1837 E 3Rd St Long Beach, CA 90802

$3,535,000
  • 14 Beds
  • 13 Baths
  • 9,378 Sq.Ft.
For Sale
$3,535,000 Get Pre-Qualified
Map preview of 1837 E 3Rd St, Long Beach, CA 90802

Property Overview: 1837 E 3Rd St Long Beach, CA has 14 bedrooms, 13 bathrooms, 9,378 living square feet and 8,549 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Priced to move...3 blocks from the Beach...6% Actual CAP Rate...25%+ upside! If your client is looking for a "Unicorn" building with a combination of Cash flow, Location, and a Clean property, this is the investment for them. The building includes (10) 1-bedroom units (750+/- sq. ft.), (1) 2-bedroom/1-bath unit, and (1) 2-bedroom/2-bath (owner's unit). Amenities include very large units, upgraded vinyl windows, on-site laundry, six garages (two with driveways), an electric gated entrance, and a 96 walk score! This rare coastal asset is NOT subject to rent control (other than CA) and is being offered for the first time in 26 years.

Listed by Pat Swanson | BRE #01382974 | Pat Swanson
Last checked: 9 minutes ago | Last updated: August 31st, 2024 | Source CRMLS | DOM: 17

Home details

Lot Sq. Ft
8,549
HOA Dues
$0/mo
Year built
1958
Garage
6 Car
Property Type:
Apartment
Status
Active
MLS#
OC24179431
City
Long Beach
County
Los Angeles
Time on Site
20 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 1
  • # of Electric Meters: 13
  • # of Gas Meters: 13
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,075
  • Total Rent: --
  • Pro Forma/Market Rent: $2,895
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: --
  • Pro Forma/Market Rent: $3,195
Unit Breakdown 3
  • # of Units: 10
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: --
  • Pro Forma/Market Rent: $2,295
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $291,600
  • Net Operating Income: $212,032
  • Gross Operating Income: --
  • Vacancy Allowance: $8,748
Annual Expense Breakdown
  • Total Operating Expense: $70,820
  • Electric: $600
  • Gas/Fuel: $1,200
  • Trash: $1,350
  • Insurance: $9,378
  • Professional Management: $0
  • Water/Sewer: $1,700

Open Houses for 1837 E 3Rd St

No upcoming open houses

Schedule Tour

Property Details for 1837 E 3Rd St

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 12
  • Has Parking
  • Parking Features: Assigned, Driveway, Garage
Lot Information
  • Lot Features: 11-15 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 12
  • Parcel Number: 7275018040
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Google
Neighborhood Information
  • Community Features: Biking, Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 1837 E 3Rd St

Last sold for $530,000 on February 24th, 1998

  • August, 2024

  • Aug 31, 2024

    Date

    Active

    CRMLS: OC24179431

    $3,535,000

    Price

  • August, 2024

  • Aug 17, 2024

    Date

    Expired

    CRMLS: OC24139692

    $3,895,000

    Price

  • Jul 8, 2024

    Date

    Active

    CRMLS: OC24139692

    $4,248,000

    Price

  • Listing provided courtesy of CRMLS

    HUGE $350,000+ Price Reduction! This Prime Coastal asset in Alamitos Beach is just three blocks from the beach, and boasts an impressive walk score of 96! On the market for the first time in 26 years, this well-maintained building features (10) 1-bedroom/1-bathroom units, (1) 2-bedroom/1-bathroom unit & (1) 2-bedroom/2-bathroom unit ideal for an owner's residence. Recently upgraded with vinyl windows, the property also includes on-site laundry facilities, six garages (two with driveways), and a secure, gated entrance. With over 25%+ upside potential, this property represents a rare chance to acquire a coastal asset with minimal rent control restrictions (limited to CA state laws). Don't miss out on this exceptional investment opportunity!

  • July, 2024

  • Jul 9, 2024

    Date

    Withdrawn

    CRMLS: OC24129394

    $4,248,000

    Price

  • Jun 26, 2024

    Date

    Active

    CRMLS: OC24129394

    $4,295,000

    Price

  • Listing provided courtesy of CRMLS

    Prime Coastal Investment Opportunity Just three blocks from the beach, this 12-unit complex on 3rd St. boasts an impressive walk score of 96! On the market for the first time in 26 years, this well-maintained building features ten 1-bedroom/1-bathroom units, one 2-bedroom/1-bathroom unit, and one 2-bedroom/2-bathroom unit ideal for an owner's residence. Recently upgraded with vinyl windows, the property also includes on-site laundry facilities, six garages (two with driveways), and a secure, gated entrance. With over 25% upside potential, this property represents a rare chance to acquire a coastal asset with minimal rent control restrictions (limited to CA state laws). Don't miss out on this exceptional investment opportunity!

  • February, 1998

  • Feb 24, 1998

    Date

    Sold (Public Records)

    Public Records

    $530,000

    Price

Show More

Tax History for 1837 E 3Rd St

Assessed Value (2020): $773,805
Year Land Value Improved Value Assessed Value
2020 $248,198 $525,607 $773,805

Home Value Compared to the Market

This property vs the competition

1837 E 3Rd St is listed 353.21% higher than the median list price for the city of Long Beach which has a median list price of $780,000. The median price per/sqft for Long Beach is $646 and this home is listed at $376.95 per/sqft which puts the price per square foot 41.65% lower than the median price per square foot for the city of Long Beach.

About 1837 E 3Rd St

Detailed summary of property

1837 E 3Rd St is a apartment located in Long Beach, CA 90802 and is currently for sale. This apartment offers 14 bedrooms, 13 bathrooms, roughly 9,378 living square feet, and sits on an approximately 8,549 square foot lot. 1837 E 3Rd St was first listed on ArdentRealEstateGroup.com on August 29, 2024. The homeowner is currently asking $3,535,000. The median priced home in Long Beach is $780,000 with a median price per square foot of $646. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 353.21% higher than the median priced home. Local competing homes currently for sale include 3402 Gundry Ave, 16861 Green Ln and 3300 W Orange Ave. While the average home in Long Beach, CA is selling in 62 days, 1837 E 3Rd St has a days on market of 17 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 1837 E 3Rd St Long Beach, CA 90802 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1837 E 3Rd St

Public county record property details
Beds
15
Baths
14
Year built
1958
Sq. Ft.
9,378
Lot Size
8,546
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
19
APN
7275-018-040

The source for these homes facts are from public records.

90802 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$569,000
Median List Price/Sq.Ft.
$660
Median Sold Price
$515,000
Median Sold Price/Sq.Ft.
$619
Total Inventory
173
Median Sale to List Price %
100.39%
Avg Days on Market
43
Loan Type
Conventional (60.71%), FHA (7.14%), VA (0%), Cash (14.29%), Other (17.86%)

Tour This Home

Image Description
Contact Jon
Long Beach Agent
Call, Text or Message
(714) 706-1823

Homes for Sale Near 1837 E 3Rd St

Nearby Homes for Sale

245 Temple Ave, Long Beach, CA 90803
$2,875,000
12 Beds
10 Baths
6078 Sq.Ft.
245 Temple Ave
Long Beach, CA 90803
1045 E 4th St, Long Beach, CA 90802
$2,995,000
14 Beds
14 Baths
8720 Sq.Ft.
1045 E 4th St
Long Beach, CA 90802
728 Cerritos Ave, Long Beach, CA 90813
$3,800,000
15 Beds
19 Baths
11750 Sq.Ft.
728 Cerritos Ave
Long Beach, CA 90813
3316 E 3rd St, Long Beach, CA 90814
$2,950,000
5 Beds
7 Baths
3516 Sq.Ft.
3316 E 3rd St
Long Beach, CA 90814
121 Ximeno Ave, Long Beach, CA 90803
$4,150,000
9 Beds
9 Baths
4272 Sq.Ft.
121 Ximeno Ave
Long Beach, CA 90803
2223 Myrtle Ave, Long Beach, CA 90806
$3,595,000
16 Beds
14 Baths
8632 Sq.Ft.
2223 Myrtle Ave
Long Beach, CA 90806
5267 E Ocean Blvd, Long Beach, CA 90803
$3,549,900
20 Beds
16 Baths
2703 Sq.Ft.
5267 E Ocean Blvd
Long Beach, CA 90803
1660 Park Ave, Long Beach, CA 90815
$3,100,000
18 Beds
9 Baths
7551 Sq.Ft.
1660 Park Ave
Long Beach, CA 90815

Recently Sold Homes Near 1837 E 3Rd St

275 Cherry Ave, Long Beach, CA 90802
$1,100,000 Last Sold Price
5 Beds
2 Baths
2800 Sq.Ft.
275 Cherry Ave
Long Beach, CA 90802
328 Hermosa, Long Beach, CA 90802
$1,455,000 Last Sold Price
4 Beds
3 Baths
2622 Sq.Ft.
328 Hermosa
Long Beach, CA 90802
1824 E Appleton St, Long Beach, CA 90802
$1,240,000 Last Sold Price
4 Beds
4 Baths
3572 Sq.Ft.
1824 E Appleton St
Long Beach, CA 90802
1734 E 3rd St, Long Beach, CA 90802
$3,900,000 Last Sold Price
4 Beds
20 Baths
12566 Sq.Ft.
1734 E 3rd St
Long Beach, CA 90802

Related Resources to 1837 E 3Rd St

New Listings in 90802
Popular Zip Codes
Popular Cities
Other Long Beach Resources

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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, 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.

Call