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3316 E 3Rd St, Long Beach, CA 90814
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3316 E 3Rd St Long Beach, CA 90814

$2,925,000
  • 5 Beds
  • 7 Baths
  • 3,516 Sq.Ft.
For Sale
$2,925,000 Get Pre-Qualified
Map preview of 3316 E 3Rd St, Long Beach, CA 90814

Property Overview: 3316 E 3Rd St Long Beach, CA has 5 bedrooms, 7 bathrooms, 3,516 living square feet and 4,620 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: 3316 E 3rd Str. is 7-unit fully-renovated apartment building located in the sought-after Belmont Heights area of Long Beach minutes from the beach. This buildings consists four (4) one-bedroom one-bath units, two (2) studios and one (1) one-bedroom one-bath garage-conversion ADU. In 2023, the building underwent tremendous capital improvements and now features a new roof, new plumbing, new electrical subpanels and 400A main panel, new tankless water heaters, new windows, waterproof vinyl flooring, shaker cabinets with quartz countertops, stainless-steel appliances and in-unit laundry in every unit as well as newly painted interior and exterior. There are also four (4) single-car garages and an additional surface parking space. The building is now separately metered for electrical, gas, and is sub-metered for water and all utilities are tenant's responsibility. This property is minutes from the beach, shops and restaurants located both at the 4th Street Corridor and those located at Belmont Shore's 2nd Street!

Listed by Eugene Rogachevsky | BRE #02019260 | Broadmoor Realty, Inc.
Last checked: 1 minute ago | Last updated: January 10th, 2024 | Source CRMLS | DOM: 177
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Home details

Lot Sq. Ft
4,620
HOA Dues
$0/mo
Year built
1973
Garage
4 Car
Property Type:
Apartment
Status
Active
MLS#
PW23192968
City
Long Beach
County
Los Angeles
Time on Site
197 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 1
  • # of Leased Units: 0
  • # of Electric Meters: 7
  • # of Gas Meters: 7
  • # of Water Meters: 7
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,073
  • Total Rent: $4,145
  • Pro Forma/Market Rent: $4,145
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 4
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,445
  • Total Rent: $9,780
  • Pro Forma/Market Rent: $9,780
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,295
  • Total Rent: $2,295
  • Pro Forma/Market Rent: $2,295
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.53%
  • Gross Rent Multiplier: 14.97
  • Gross Scheduled Income: $194,400
  • Net Operating Income: $132,910
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $61,490
  • Electric: $240
  • Gas/Fuel: $0
  • Licenses: $250
  • New Taxes: $35,641
  • Trash: $1,200
  • Gardener: $540
  • Insurance: $3,600
  • Maintenance: $4,200
  • Professional Management: $9,999
  • Water/Sewer: $960
  • Other Expenses: $4,200
  • Other Expense Description: Reserves

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Property Details for 3316 E 3Rd St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Dryer Included, Gas Dryer Hookup, Inside, Washer Included
Room Information
  • Flooring: Vinyl
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator, Tankless Water Heater, Vented Exhaust Fan
Interior Features
  • Ceiling Fan(s), Quartz Counters, Recessed Lighting
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 5
  • Parking Features: Assigned, Garage - Single Door, Street
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls, End Unit
  • Total # of Units: 7
  • Parcel Number: 7257029003
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is Attached
  • Accessibility Features: Parking
  • Offered With Property: All appliances and washer/dryer units
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Belmont Heights (BH)
  • Directions: South on Redondo, Right on 3rd
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 3316 E 3Rd St

Last sold on May 4th, 2006

  • October, 2023

  • Oct 17, 2023

    Date

    Active

    CRMLS: PW23192968

    $2,995,000

    Price

  • May, 2006

  • May 4, 2006

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • July, 2003

  • Jul 1, 2003

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 3316 E 3Rd St

Assessed Value (2020): $1,037,131
Year Land Value Improved Value Assessed Value
2020 $624,779 $412,352 $1,037,131

Home Value Compared to the Market

This property vs the competition

3316 E 3Rd St is listed 265.67% higher than the median list price for the city of Long Beach which has a median list price of $799,900. The median price per/sqft for Long Beach is $637 and this home is listed at $831.91 per/sqft which puts the price per square foot 30.6% higher than the median price per square foot for the city of Long Beach.

About 3316 E 3Rd St

Detailed summary of property

3316 E 3Rd St is a apartment located in Long Beach, CA 90814 and is currently for sale. This apartment offers 5 bedrooms, 7 bathrooms, roughly 3,516 living square feet, and sits on an approximately 4,620 square foot lot. 3316 E 3Rd St was first listed on ArdentRealEstateGroup.com on October 17, 2023. The homeowner is currently asking $2,925,000 and was originally asking $2,995,000. The median priced home in Long Beach is $799,900 with a median price per square foot of $637. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 265.67% higher than the median priced home. Local competing homes currently for sale include 532 Nebraska Ave, 4016 E Wilton and 1229 E 4th St. While the average home in Long Beach, CA is selling in 54 days, 3316 E 3Rd St has a days on market of 177 days. There are currently 593 homes for sale in the Long Beach real estate market and 338 of them are single family homes while 242 of them are condos and 13 are townhomes. For more information on this home for sale at 3316 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 3316 E 3Rd St

Public county record property details
Beds
4
Baths
6
Year built
1973
Sq. Ft.
3,136
Lot Size
4,620
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
1,3
APN
7257-029-003

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
$771,400
Median List Price/Sq.Ft.
$615
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%)

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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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