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2611 E Broadway, Long Beach, CA 90803
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2611 E Broadway Long Beach, CA 90803

$12,995,000
  • 61 Beds
  • 58 Baths
  • 28,010 Sq.Ft.
For Sale
$12,995,000 Get Pre-Qualified
Map preview of 2611 E Broadway, Long Beach, CA 90803

Property Overview: 2611 E Broadway Long Beach, CA has 61 bedrooms, 58 bathrooms, 28,010 living square feet and 20,477 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: We are pleased to present the sale offering of 2611 E. Broadway. This 3-story multi family building is located in Coastal Long Beach on a prominent corner in the greater Belmont Heights area (technically Bluff Heights). This building consists of 36 units with a balanced mix of mainly 2 bedroom/2 bathroom apartments. The building is secure and offers three entrances, two staircases, and an elevator. Parking is available on two sides of the building with 17 individual parking garages. The building is built around a large central landscaped courtyard with a pool. The laundry room is located on the ground level and provides additional income and has been recently remodeled. The building is well maintained with no major capital expenditures forecasted. The building was re-roofed in 2014, re-landscaped in a drought tolerant manner in 2016, and the pool was remodeled in 2017. The building is located in a prime location in regards to employment base, walkability, transportation access, and points of interest. Just a 1/4 mile from the beach and an easy walk to Bluff Park, Long Beach Art Museum/Claire’s, Retro Row/4th Street Corridor, and dozens of local restaurants and boutiques. Just slightly beyond these locations tenants have easy access to Downtown Long Beach and Belmont Shore/2nd Street/Naples Island. There are twenty-three 2 bedroom/2 bathroom units, two 2 bedroom/1 bathroom units, twelve 1 bedroom/1 bathroom units, and one 3 bedroom/2 bathroom. Units are nicely appointed and all offer private balconies, many with great views down Broadway or Wisconsin Ave. 2611 E. Broadway presents itself as a rare opportunity as substantial buildings with a great mix are few and far between in such an excellent coastal Long Beach location.

Listed by Blake Nicolai | BRE #01896527 | Re/Max R. E. Specialists
Last checked: 7 minutes ago | Last updated: January 19th, 2024 | Source CRMLS | DOM: 259
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Home details

Lot Sq. Ft
20,477
HOA Dues
$0/mo
Year built
1964
Garage
17 Car
Property Type:
Apartment
Status
Active
MLS#
PW23136183
City
Long Beach
County
Los Angeles
Time on Site
277 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 36
  • Total # of Buildings: 1
  • # of Leased Units: 33
  • # of Electric Meters: 36
  • # of Gas Meters: 0
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,455
  • Total Rent: $4,455
  • Pro Forma/Market Rent: $4,500
Unit Breakdown 2
  • # of Units: 21
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 17
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $35,530
  • Total Rent: $35,530
  • Pro Forma/Market Rent: $49,350
Unit Breakdown 3
  • # of Units: 12
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $17,744
  • Total Rent: $17,744
  • Pro Forma/Market Rent: $21,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,190
  • Total Rent: $2,190
  • Pro Forma/Market Rent: $2,850
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $737,988
  • Net Operating Income: $446,057
  • Gross Operating Income: --
  • # of Rented Garages: 17
  • Laundry Income: $4,077
  • Laundry Own/Lease: Lease
  • Other Income Description: Garages incl. in some leases
Annual Expense Breakdown
  • Total Operating Expense: $238,395
  • Electric: $16,228
  • Gas/Fuel: $0
  • Trash: $10,502
  • Insurance: $20,603
  • Professional Management: $41,861
  • Water/Sewer: $8,624
  • Other Expenses: $2,655
  • Other Expense Description: Phone

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Property Details for 2611 E Broadway

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Radiant
Laundry Information
  • Has Laundry
  • Common Area, Community, Individual Room
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Laminate, Tile, Vinyl
  • Kitchen, Living Room, Primary Suite, Walk-In Closet
Kitchen Information
  • Has Appliances
  • Electric Range, Microwave, Refrigerator
Interior Features
  • Balcony, Ceiling Fan(s), Living Room Balcony
  • Levels: Three Or More
  • Security Features: Automatic Gate, Card/Code Access, Resident Manager, Security Lights, Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition, Flat
  • Awning(s), Lighting
  • Has Fence
  • Block
  • Other Structures: Storage, Workshop
  • No Spa
  • Spa Features: None
Exterior Features
  • Has Pool
  • Pool Features: Private, Community, Fenced
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 17
  • # of Parking Spaces: 17
  • Has Parking
  • Parking Features: Garage Faces Rear, Garage Faces Side, Garage - Single Door, On Site, Private
Lot Information
  • Lot Features: Corner Lot, Landscaped, Level
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Has View
  • View: City Lights, Courtyard, Neighborhood
  • Common Walls: 2+ Common Walls
  • Total # of Units: 36
  • Parcel Number: 7263017029
  • Year Built Source: Assessor
  • Architectural Style: Contemporary, Mid Century Modern, Modern, Ranch
  • Entry Level: 1
  • Foundation Details: Slab
  • Property is Attached
  • Accessibility Features: No Interior Steps
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
  • Association Amenities: Pool, Pest Control, Trash, Water, Management
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Bluff Park (BLF)
  • Directions: Northeast Corner of Broadway & Wisconsin
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 2611 E Broadway

Last sold for $5,000 on January 18th, 1995

  • July, 2023

  • Jul 24, 2023

    Date

    Active

    CRMLS: PW23136183

    $12,995,000

    Price

  • January, 1995

  • Jan 18, 1995

    Date

    Sold (Public Records)

    Public Records

    $5,000

    Price

  • March, 1994

  • Mar 17, 1994

    Date

    Sold (Public Records)

    Public Records

    $1,300,000

    Price

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Tax History for 2611 E Broadway

Assessed Value (2020): $2,220,670
Year Land Value Improved Value Assessed Value
2020 $921,528 $1,299,142 $2,220,670

Home Value Compared to the Market

This property vs the competition

2611 E Broadway is listed 1524.38% higher than the median list price for the city of Long Beach which has a median list price of $800,000. The median price per/sqft for Long Beach is $633 and this home is listed at $463.94 per/sqft which puts the price per square foot 26.71% lower than the median price per square foot for the city of Long Beach.

About 2611 E Broadway

Detailed summary of property

2611 E Broadway is a apartment located in Long Beach, CA 90803 and is currently for sale. This apartment offers 61 bedrooms, 58 bathrooms, roughly 28,010 living square feet, and sits on an approximately 20,477 square foot lot. 2611 E Broadway was first listed on ArdentRealEstateGroup.com on July 24, 2023. The homeowner is currently asking $12,995,000. The median priced home in Long Beach is $800,000 with a median price per square foot of $633. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 1524.38% higher than the median priced home. Local competing homes currently for sale include 1903 Orchid Ave, 1005 N Croft Ave and 435 N Euclid Ave. While the average home in Long Beach, CA is selling in 56 days, 2611 E Broadway has a days on market of 259 days. There are currently 570 homes for sale in the Long Beach real estate market and 325 of them are single family homes while 233 of them are condos and 12 are townhomes. For more information on this home for sale at 2611 E Broadway Long Beach, CA 90803 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 2611 E Broadway

Public county record property details
Beds
--
Baths
--
Year built
1964
Sq. Ft.
28,010
Lot Size
20,476
Stories
--
Type
Apartment House (5+ Units)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
14-16
APN
7263-017-029

The source for these homes facts are from public records.

90803 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,479,000
Median List Price/Sq.Ft.
$800
Median Sold Price
$790,000
Median Sold Price/Sq.Ft.
$708
Total Inventory
93
Median Sale to List Price %
98.87%
Avg Days on Market
44
Loan Type
Conventional (45.83%), FHA (0%), VA (4.17%), Cash (33.33%), Other (16.67%)

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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.

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