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3656 E 2Nd St, Long Beach, CA 90803
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3656 E 2Nd St Long Beach, CA 90803

$2,200,000 Sold Price as of 05/10/2024
  • 8 Beds
  • 8 Baths
  • 7,308 Sq.Ft.
Sold
$2,200,000 Sold Price as of 05/10/2024 Refinance Your Mortgage
Map preview of 3656 E 2Nd St, Long Beach, CA 90803

Property Overview: 3656 E 2Nd St Long Beach, CA has 8 bedrooms, 8 bathrooms, 7,308 living square feet and 7,496 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Introducing our newest listing, 3656 E. 2nd St, affectionately known as "The Navy." This distinguished 8-unit building, boasting spacious one-bedroom residences, stands as a testament to old-world charm. Each unit exudes character with original wood floors, hardware, and doors, creating a timeless appeal. Upon arrival, guests are welcomed by dual staircases leading to four units on each level. The property offers a private rear yard, providing a tranquil retreat amidst urban living, complemented by four garages accessible via the alley. Nestled in the coveted rental market of Belmont Heights, "The Navy" epitomizes a desirable lifestyle. With an impressive walk score of 89, residents enjoy convenient access to the beach, grocery stores, and an array of shops and restaurants along 2nd St and Broadway. Offered at an enticing $275,000 per door, this investment opportunity presents exceptional value. Additionally, the adjacent property, 3650 E. 2nd, is also available for sale, offering investors the possibility of consolidating investments for added strategic advantage. Don't miss the chance to own a piece of history while securing a lucrative investment in one of Belmont Heights' most sought-after locations. Contact us today to seize this opportunity!

Listed by Juan Huizar | BRE #01417642 | Sage Real Estate
Co-listed by Caleb Baldwin | BRE #02056751 | Sage Real Estate
Last checked: 4 minutes ago | Last updated: May 10th, 2024 | Source CRMLS | DOM: 2

Home details

Lot Sq. Ft
7,496
HOA Dues
$0/mo
Year built
1925
Garage
4 Car
Property Type:
Apartment
Status
Sold
MLS#
PW24063002
City
Long Beach
County
Los Angeles
Time on Site
170 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Leased Units: 8
  • # of Electric Meters: 8
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,825
  • Total Rent: $1,825
  • Pro Forma/Market Rent: $2,150
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,475
  • Total Rent: $1,475
  • Pro Forma/Market Rent: $2,150
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,875
  • Total Rent: $1,875
  • Pro Forma/Market Rent: $2,150
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $1,775
  • Pro Forma/Market Rent: $2,150
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,775
  • Total Rent: $1,775
  • Pro Forma/Market Rent: $2,150
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,425
  • Total Rent: $1,425
  • Pro Forma/Market Rent: $2,150
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $2,150
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $2,150
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.98%
  • Gross Rent Multiplier: 14.08
  • Gross Scheduled Income: $156,300
  • Net Operating Income: $87,554
  • Gross Operating Income: $151,611
  • Vacancy Allowance: $4,689
Annual Expense Breakdown
  • Total Operating Expense: $64,057
  • Electric: $1,952
  • Gas/Fuel: $2,600
  • Licenses: $406
  • New Taxes: $27,500
  • Trash: $2,933
  • Gardener: $1,680
  • Insurance: $8,578
  • Professional Management: $12,392
  • Water/Sewer: $5,200

Property Details for 3656 E 2Nd St

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • No
  • Parking Features: None
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 8
  • Parcel Number: 7256005009
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Belmont Heights (BH)
  • Directions: 2nd Street and Euclid
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 3656 E 2Nd St

Last sold for $2,200,000 on May 10th, 2024

  • May, 2024

  • May 10, 2024

    Date

    Sold

    CRMLS: PW24063002

    $2,200,000

    Price

  • Apr 2, 2024

    Date

    Active

    CRMLS: PW24063002

    $2,200,000

    Price

Tax History for 3656 E 2Nd St

Assessed Value (2020): $1,219,166
Year Land Value Improved Value Assessed Value
2020 $820,029 $399,137 $1,219,166

Home Value Compared to the Market

This property vs the competition

3656 E 2Nd St sold on May 10, 2024 for 168.62% 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 $301.04 per/sqft which puts the price per square foot 52.06% lower than the current median sale per square foot for the city of Long Beach.

About 3656 E 2Nd St

Detailed summary of property

3656 E 2Nd St is a apartment that recently sold in Long Beach, CA 90803. This apartment offered 8 bedrooms, 8 bathrooms, roughly 7,308 living square feet, and sits on an approximately 7,496 square foot lot. 3656 E 2Nd St was first listed on ArdentRealEstateGroup.com on April 3, 2024. The homeowner sold the property for $2,200,000. 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 168.62% higher than the current median priced home. Local homes that are currently for sale include 268 Park Avenue, 5101 E 1st St and 133 Corona Ave. While the average home in Long Beach, CA is selling in 62 days, 3656 E 2Nd St has a days on market of 2 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 3656 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 3656 E 2Nd St

Public county record property details
Beds
8
Baths
8
Year built
1925
Sq. Ft.
7,308
Lot Size
7,495
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
7256-005-009

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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(714) 706-1823

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Recently Sold Homes Near 3656 E 2Nd St

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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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