Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

4

Building size

3,264 sqft

Lot size

2,503 sqft

Year built

1919

Stories

2

Garage spaces

0

Pool

None

Status

Active

Days on market

0

MLS #

248395344

About this property

This 4-unit is fantastic for a long-term owner who wants a piece of Downtown Long Beach! This well-located bread and butter 4-unit is located in the East Village Arts District of Downtown Long Beach and has 4 large 2BD/1BA units and a common area laundry room for tenants. This property is ideally located for tenants, being within walking distance to grocery stores, trendy restaurants, coffee shops, and nightlife. It's a relatively low maintenance building with spacious units and minimal landscaping. Considering 60% of households within 5 miles are renters and the walk score of 97/100, this is an ideal investment for an owner looking for a stable and consistent tenant base. Don't hesitate to reach out!

Location

702 E 3rd

Long Beach, Los Angeles, CA, 90802