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3056 E Broadway, Long Beach, CA 90803
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3056 E Broadway Long Beach, CA 90803

$2,400,000
  • 8 Beds
  • 4 Baths
  • 3,820 Sq.Ft.
Back Up Offer
$2,400,000 Get Pre-Qualified
Map preview of 3056 E Broadway, Long Beach, CA 90803

Property Overview: 3056 E Broadway Long Beach, CA has 8 bedrooms, 4 bathrooms, 3,820 living square feet and 4,934 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: Beautiful 4-Plex nestled in the Historic Bluff Park neighborhood of Long Beach, CA, 3056 E Broadway presents a rare opportunity for investors seeking a meticulously maintained income-producing property just four blocks from the beach. Comprising four tastefully renovated 2-Bed/1-Bath units, this charming property boasts a prime location and exceptional condition. Each unit has been extensively remodeled, including kitchens, bathrooms, floors and paint. Bluff Park's desirable location offers tenants easy access to the beach, parks, dining and entertainment options, making these units highly desirable in Long Beach's thriving rental market. With its strong rental demand and proximity to the beach, this property promises consisted occupancy and rental income for investors. This asset is ideal for any investor or first time home buyer due to its offering of immediate returns and long-term appreciation. Bordering Belmont Shore and located in one of Long Beach's top rental markets, this truly is a one-of-a-kind building. It is just outside the $6B of development flooding into Downtown Long Beach, including the Long Beach Civic Center, Long Beach Aquarium, OceanAire Project, CSULB Downtown Village, Broadway Block, The Pacific and Queen Mary Island.

Listed by Aaron Jacobson | BRE #02100737 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by Cameron Samimi | BRE #02035763 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 10 minutes ago | Last updated: June 22nd, 2024 | Source CRMLS | DOM: 41
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Home details

Lot Sq. Ft
4,934
HOA Dues
$0/mo
Year built
1936
Garage
--
Property Type:
Fourplex
Status
Back Up Offer
MLS#
SB24098190
City
Long Beach
County
Los Angeles
Time on Site
41 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Total Rent: $3,500
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Total Rent: $3,500
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Total Rent: $3,500
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Actual Rent: $3,200
  • Total Rent: $3,200
  • Pro Forma/Market Rent: $3,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.96%
  • Gross Rent Multiplier: 14.6
  • Gross Scheduled Income: $164,400
  • Net Operating Income: $118,928
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $40,540
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Open Houses for 3056 E Broadway

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Property Details for 3056 E Broadway

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 7264006057
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Off Broadway and Redondo
Neighborhood Information
  • Community Features: Biking, Dog Park, Hiking, Park, Watersports, Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 3056 E Broadway

Last sold for $1,575,000 on November 30th, 2022

  • June, 2024

  • Jun 21, 2024

    Date

    Back Up Offer

    CRMLS: SB24098190

    $2,400,000

    Price

  • May 16, 2024

    Date

    Active

    CRMLS: SB24098190

    $2,400,000

    Price

  • November, 2022

  • Nov 30, 2022

    Date

    Sold

    CRMLS: PW22235827

    $1,575,000

    Price

  • Nov 4, 2022

    Date

    Active

    CRMLS: PW22235827

    $1,450,000

    Price

  • Listing provided courtesy of CRMLS

    3056-3062 E Broadway, 90803. Statewide 4 plex Not on the market in decades... Now is your chance to own a prime location in Bluff Park, near all. Each is a 2/1 - lots of room for rent increase. Long term tenants. Comes with 6 parking spaces, 2 upper units with huge decks out back - great for owner occupancy consideration, watch the fireworks in July! Many vintage features, hardwood floors, faux fireplace in living room, washroom- space for stack unit laundry, tiles floors and counters, some with breakfast bars that open up the kitchen and living space, some units with carpet bedrooms, casement windows, so much charm. Subject to inspection

  • December, 1998

  • Dec 8, 1998

    Date

    Sold (Public Records)

    Public Records

    $330,000

    Price

Show More

Tax History for 3056 E Broadway

Assessed Value (2020): $488,990
Year Land Value Improved Value Assessed Value
2020 $243,682 $245,308 $488,990

Home Value Compared to the Market

This property vs the competition

3056 E Broadway is listed 200.38% higher than the median list price for the city of Long Beach which has a median list price of $799,000. The median price per/sqft for Long Beach is $646 and this home is listed at $628.27 per/sqft which puts the price per square foot 2.74% lower than the median price per square foot for the city of Long Beach.

About 3056 E Broadway

Detailed summary of property

3056 E Broadway is a fourplex located in Long Beach, CA 90803 and is currently in escrow to be sold. This fourplex offers 8 bedrooms, 4 bathrooms, roughly 3,820 living square feet, and sits on an approximately 4,934 square foot lot. 3056 E Broadway was first listed on ArdentRealEstateGroup.com on May 15, 2024. The homeowner is currently asking $2,400,000. The median priced home in Long Beach is $799,000 with a median price per square foot of $646. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 200.38% higher than the median priced home. Local competing homes currently for sale include 207 Park Ave, 263 Corona Avenue and 263 Corona Ave. While the average home in Long Beach, CA is selling in 53 days, 3056 E Broadway has a days on market of 41 days. There are currently 704 homes for sale in the Long Beach real estate market and 385 of them are single family homes while 296 of them are condos and 23 are townhomes. For more information on this home for sale at 3056 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 3056 E Broadway

Public county record property details
Beds
8
Baths
4
Year built
1936
Sq. Ft.
3,820
Lot Size
4,934
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
7264-006-057

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
$1,589,000
Median List Price/Sq.Ft.
$829
Median Sold Price
$1,200,000
Median Sold Price/Sq.Ft.
$753
Total Inventory
126
Median Sale to List Price %
100.42%
Avg Days on Market
56
Loan Type
Conventional (32.14%), FHA (0%), VA (10.71%), Cash (25%), Other (32.14%)

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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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