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3032 E 3Rd St, Long Beach, CA 90814
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3032 E 3Rd St Long Beach, CA 90814

$2,775,000 Sold Price as of 02/21/2023
  • 4 Beds
  • 6 Baths
  • 4,842 Sq.Ft.
Sold
$2,775,000 Sold Price as of 02/21/2023 Refinance Your Mortgage
Map preview of 3032 E 3Rd St, Long Beach, CA 90814

Property Overview: 3032 E 3Rd St Long Beach, CA has 4 bedrooms, 6 bathrooms, 4,842 living square feet and 7,501 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present a 6-unit multifamily property. Built in 1919, the subject property consists of 4,842 rentable square feet spread throughout a 7,501 square foot lot. The building consists of two Studio units and four 1-Bedroom / 1-Bathroom units It contains five garages and six surface spots providing ample on-site parking. The subject property has gone through an extensive renovation of three out of six units and upgraded exterior finishes and landscaping. The three units that have received extensive renovations include new: kitchens, baths, and flooring throughout. Also, the two downstairs one-bedroom units have beautiful wood French doors that open to front private patios for synergized outdoor space. Tenants enjoy living in the Bluff Heights Neighborhood East of Downtown Long Beach, a short distance to local beaches, California State University of Long Beach, as well as shopping, restaurants, and nightlife. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. The city is undergoing a building boom with more than $5 billion in private and public investments in various stages of development. The new $520 million Long Beach Civic Center development will house a new City Hall, Port of Long Beach headquarters and the Main Library. Long Beach sustains its ability to attract renters due to its strong economy and quality of life.

Listed by Kevin King | BRE #01158184 | Marcus & Millichap
Last checked: 4 minutes ago | Last updated: February 21st, 2023 | Source CRMLS | DOM: 37

Home details

Lot Sq. Ft
7,501
HOA Dues
$0/mo
Year built
1919
Garage
5 Car
Property Type:
Apartment
Status
Sold
MLS#
PW23004292
City
Long Beach
County
Los Angeles
Time on Site
496 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 2
  • # of Electric Meters: 1
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,045
  • Total Rent: $4,090
  • Pro Forma/Market Rent: $2,045
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 4
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,261
  • Total Rent: $9,045
  • Pro Forma/Market Rent: $2,598
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $157,620
  • Net Operating Income: $102,702
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $60,389
  • Electric: $894
  • Gas/Fuel: $893
  • New Taxes: $37,438
  • Trash: $893
  • Insurance: $3,795
  • Maintenance: $1,400
  • Professional Management: $8,081
  • Water/Sewer: $894

Property Details for 3032 E 3Rd St

Interior Features
Laundry Information
  • No Laundry
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 11
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 6
  • Parcel Number: 7257028005
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Bluff Park (BLF)
  • Directions: go W on E 3rd St, towards Obispo Ave, property will be on the left side
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Urban
View more facts & features

Local Long Beach Agent

Sale History for 3032 E 3Rd St

Last sold for $2,775,000 on February 21st, 2023

  • February, 2023

  • Feb 21, 2023

    Date

    Sold

    CRMLS: PW23004292

    $2,775,000

    Price

  • Jan 9, 2023

    Date

    Active

    CRMLS: PW23004292

    $2,995,000

    Price

  • July, 2021

  • Jul 22, 2021

    Date

    Sold

    CRMLS: PW21097830

    $1,850,000

    Price

  • May 25, 2021

    Date

    Active Under Contract

    CRMLS: PW21097830

    $1,850,000

    Price

  • May 13, 2021

    Date

    Active

    CRMLS: PW21097830

    $1,850,000

    Price

  • Listing provided courtesy of CRMLS

    Six (6) unit apt. building. Consists of 4-(1 Br's) and 2-(Studios). Excellent investment opportunity in prime Bluff Heights. Excellent low vacancy rental area. All units are large with hardwood floors. Lots of parking; 4 garages + 4 open parking spaces on a 50' X 150' full size lot! Separate meters. This is in the Bluff Heights historical district (see attached documents). This district is part of the Alamitos Beach Townsite, developed by John W. Bixby in 1886 and annexed to Long Beach in 1905. More than half the homes in this district are Craftsman Bungalows built from 1910 to 1923, but some of the neighborhood’s oldest homes are Victorian. Other historically significant architectural styles include Prairie, Mediterranean, Spanish Revival, Tudor Revival, and Neo-Traditional. ***See attached supplements for additional information*** Records show this is a 7 unit apt. bldg. (see permit attached), presently the 7th unit (converted garages to a Studio apt.) is being used as a laundry room and storage room - however can easily be converted to the 7th unit! Also, one of the garages is actually a tandem garage (this will be empty by the COE) where you can enter from the alley or the drive-way. Therefore, there are 5 garage spaces.

  • June, 2006

  • Jun 9, 2006

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 3032 E 3Rd St

Assessed Value (2020): $840,770
Year Land Value Improved Value Assessed Value
2020 $392,930 $447,840 $840,770

Home Value Compared to the Market

This property vs the competition

3032 E 3Rd St sold on February 21, 2023 for 274.38% higher than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $618.55 per/sqft which puts the price per square foot 2.13% lower than the current median sale per square foot for the city of Long Beach.

About 3032 E 3Rd St

Detailed summary of property

3032 E 3Rd St is a apartment that recently sold in Long Beach, CA 90814. This apartment offered 4 bedrooms, 6 bathrooms, roughly 4,842 living square feet, and sits on an approximately 7,501 square foot lot. 3032 E 3Rd St was first listed on ArdentRealEstateGroup.com on January 9, 2023. The homeowner sold the property for $2,775,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 274.38% higher than the current median priced home. Local homes that are currently for sale include 532 Nebraska Ave, 268 Park Avenue and 1229 E 4th St. While the average home in Long Beach, CA is selling in 51 days, 3032 E 3Rd St has a days on market of 37 days. There are currently 639 homes for sale in the Long Beach real estate market and 366 of them are single family homes while 259 of them are condos and 14 are townhomes. For more information on this home for sale at 3032 E 3Rd St Long Beach, CA 90814 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 3032 E 3Rd St

Public county record property details
Beds
4
Baths
7
Year built
1919
Sq. Ft.
4,842
Lot Size
7,501
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
9,10
APN
7257-028-005

The source for these homes facts are from public records.

90814 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$773,676
Median List Price/Sq.Ft.
$626
Median Sold Price
$845,566
Median Sold Price/Sq.Ft.
$582
Total Inventory
38
Median Sale to List Price %
100%
Avg Days on Market
33
Loan Type
Conventional (28.57%), FHA (0%), VA (0%), Cash (28.57%), Other (42.86%)

Thinking of Selling?

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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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