3009 3rd st, Long Beach, CA 90814
Active
$2,095,000
7 Units
1 Beds
1 Baths
4,148 Area(sq.ft.)
Lot: 4,356 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 7 | 1 | 1 | No | $ 11,836 | $ 11,836 | $ 15,365 |
| 7 | 7 | 7 | $ 82,852 | $ 82,852 | $ 107,555 |
| MLS #: | OC25070566MR |
| Days On Market: | 18 |
| Listing Date: | April 1, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 505 |
| Price per unit: | $ 299,286 |
| Year Built: | 1950 |
Property Details
3009 East 3rd Street is a 7-unit multifamily property located in the Bluff Heights neighborhood of Long Beach, CA. Built in 1950, 3009 East 3rd Street offers exclusively one-bedroom floor plans averaging 593 square feet. Current ownership has upgraded the property with new dual-pane vinyl windows and low-maintenance landscaping, as well as a freshly painted exterior, completed in 2025. Additionally, select units feature single-story construction, a highly sought after feature for renters. 3009 East 3rd Street benefits from its optimal Bluff Heights, Long Beach location, placing residents in close proximity of Long Beach s top destinations. The property is situated just half-a-mile from Long Beach City Beach and the Shoreline Pedestrian Bike Path, and just over one mile from Recreation Park, providing residents with easy access to an abundance of outdoor activities. Additionally, the property is just blocks away from Retro Row and just over 1 mile from Belmont Shore s 2nd Street, providing convenient access to a wide variety of restaurants, shops, and bars. In summary, 3009 East 3rd Street s fantastic location offers residents a wide variety of activities, employment, transportation, and retail amenities, all of which will attract a diverse renter pool.Interested in this Listing?
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Income Details
| Rent Control: | False |
| Gross Operating Income: | $ 137,773 |
| Total Annual Expense: | $ 45,532 |
| Net Operating Income: | $ 93,141 |
| Cap Rate: | 4.45% |
| Gross Rent Multiplier: | 14.66 |
Structure
| Community Features: | Curbs, Gutters, Sidewalks |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | LBR2A |
| Land Lease Type: | Fee |
Interior
| Laundry: | Community |
| Laundry Income: | 900.00 |
Exterior
| Pool: | No |
Detailed Map
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