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3325 E 2Nd St, Long Beach, CA 90803
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3325 E 2Nd St Long Beach, CA 90803

$3,800,000 Sold Price as of 12/15/2021
  • 12 Beds
  • 14 Baths
  • 8,392 Sq.Ft.
Sold
$3,800,000 Sold Price as of 12/15/2021 Refinance Your Mortgage
Map preview of 3325 E 2Nd St, Long Beach, CA 90803

Property Overview: 3325 E 2Nd St Long Beach, CA has 12 bedrooms, 14 bathrooms, 8,392 living square feet and 5,892 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Pleased to present the opportunity to acquire 2nd Street Property, an incredible turnkey apartment building situated in the desirable Belmont Heights neighborhood of Long Beach. The property offers a diverse unit mix of large studios, one and two-bedroom units with a vintage feel, but having a modern layout. The apartment building features a laundry room, storage compartments, and a great location with many of Long Beach’s finest attractions only minutes away. This property offers an investor the opportunity to acquire a valuable income-producing asset with a current cap rate of 3.6% and a market cap rate of 4.6%.

Listed by Gary Tolfa | BRE #00955403 | Triqor Group
Last checked: 7 minutes ago | Last updated: March 23rd, 2023 | Source CRMLS | DOM: 36

Home details

Lot Sq. Ft
5,892
HOA Dues
$0/mo
Year built
1928
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
PW21192661
City
Long Beach
County
Los Angeles
Time on Site
1115 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 1
  • # of Electric Meters: 0
  • # of Gas Meters: 0
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,818
  • Total Rent: $1,818
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,293
  • Total Rent: $2,293
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,288
  • Total Rent: $1,288
  • Pro Forma/Market Rent: $1,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $231,272
  • Net Operating Income: $145,304
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $79,030
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 3325 E 2Nd St

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 10
  • Parcel Number: 7264003017
  • Year Built Source: Public Records
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Unknown
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Belmont Heights (BH)
  • Directions: Please Contact Listing Agent For All Directions
Neighborhood Information
  • Community Features: Dog Park, Watersports
View more facts & features

Local Long Beach Agent

Sale History for 3325 E 2Nd St

Last leased for $2,695 on February 17th, 2022

  • February, 2022

  • Feb 5, 2022

    Date

    Hold

    CRMLS: CV22004473

    $2,795

    Price

  • Listing provided courtesy of CRMLS

    Beautiful 2 bedroom, 1 bathroom upstairs apartment home situated in the highly desirable Belmont Heights neighborhood of Long Beach. Features include a newer kitchen, separate dining area, spacious bedrooms, luxury vinyl flooring and newer interior paint throughout. The building features include an onsite laundry facility and a great location with many of Long Beach’s finest attractions/restaurants only minutes away. Do not miss out!

  • August, 2021

  • Aug 31, 2021

    Date

    Active

    CRMLS: PW21192661

    $3,995,000

    Price

  • August, 2018

  • Aug 3, 2018

    Date

    Sold (Public Records)

    Public Records

    $3,305,000

    Price

Show More

Tax History for 3325 E 2Nd St

Assessed Value (2020): $3,372,720
Year Land Value Improved Value Assessed Value
2020 $2,040,000 $1,332,720 $3,372,720

Home Value Compared to the Market

This property vs the competition

3325 E 2Nd St sold on December 15, 2021 for 387.79% higher than the current median sold price for the city of Long Beach which is $819,000. The median sold price per/sqft for Long Beach is $628 and this home is sold at $476.05 per/sqft which puts the price per square foot 24.2% lower than the current median sale per square foot for the city of Long Beach.

About 3325 E 2Nd St

Detailed summary of property

3325 E 2Nd St is a multi family that recently sold in Long Beach, CA 90803. This multi family property offered 12 bedrooms, 14 bathrooms, roughly 8,392 living square feet, and sits on an approximately 5,892 square foot lot. 3325 E 2Nd St was first listed on ArdentRealEstateGroup.com on August 31, 2021. The homeowner sold the property for $3,800,000. Home in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 387.79% higher than the current median priced home. Local homes that are currently for sale include 927 S Bruce St, 825 E 108th St and 10961 S Figueroa St. While the average home in Long Beach, CA is selling in 62 days, 3325 E 2Nd St has a days on market of 36 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 3325 E 2Nd St 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 3325 E 2Nd St

Public county record property details
Beds
12
Baths
10
Year built
1928
Sq. Ft.
8,392
Lot Size
5,891
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
9,10
APN
7264-003-017

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
$1,595,000
Median List Price/Sq.Ft.
$824
Median Sold Price
$1,000,000
Median Sold Price/Sq.Ft.
$755
Total Inventory
128
Median Sale to List Price %
100.2%
Avg Days on Market
29
Loan Type
Conventional (29.63%), FHA (0%), VA (3.7%), Cash (37.04%), Other (29.63%)

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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