527 W 3rd ST Long Beach, CA 90802

Active

$8,700,000

36 Units

1 Beds

3 Baths

19,935 Area(sq.ft.)

7,525 Lot Size(sq.ft.)

Type	# of Units	Bedroom	Bath	Furnished	Rent	Actual Rent	Projected Rent
Unit 1	4	1	1	No	$ 1,838	$ 7,352	$ 2,150
Unit 2	27	studio	1	No	$ 1,526	$ 41,202	$ 1,750
Unit 3	5	studio	1	No	$ 1,420	$ 7,100	$ 1,595
3	36	4	36		$ 55,654	$ 1,177,362	$ 63,825

MLS #:	PW23051137MR
Days On Market:	549
County:	Los Angeles
Property Type:	Residential Income
Price per ft²:	$ 436
Price per unit:	$ 241,667
Year Built:	1929

Income Details / Structure / Land & Parking / Interior Features / Exterior Features

Property Details

527 W. 3rd Street is a 36-unit apartment asset in prime Downtown Long Beach. The property features a mix of four (4) 1BD / 1 BA, (27) studios, and five (5) micro studios. Many of the units have been renovated with designer fixtures and finishes, including new countertops, cabinetry, tile and flooring in the kitchens and bathrooms, stainless steel appliances and lighting. The secured access building offers a bright, spacious entryway, new carpet and paint in hallways, and on-site laundry facilities. With its prime West Gateway location, the property provides convenient access to the newly redesigned Lincoln Park, an integral part of the 22- acre, $520 million Civic Center redevelopment project. The Long Beach Civic Center Master Plan includes a 270,000-square-foot City Hall, 93,500-square-foot landmark Main Library, updated bike/bus/Metro Blue Line transit system, design guidelines for 800 residential units, and vibrant amenities across the revitalized Downtown area. 527 W. 3rd Street presents a new buyer with a beautifully renovated asset in a highly desirable Long Beach location at 12.89 GRM on actual rents.