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  • DESCRIPTION

    **FULLY RENOVATED: Over $50k Spent Per Unit** **5.4% Year One Cash-on-Cash Return** **100% Occupied w/Robust Rents** This 12-unit property offers 10 - one/bedrooms and 2- two/bedrooms w/two baths with all units fully remodeled to an extremely high standard, including wood laminate flooring, custom cabinetry, quartz countertops, farmhouse sinks, stainless steel appliances/dishwashers, ceiling fans/air-conditioning, bathroom vanities/porcelain tiled flooring and designer lighting throughout. The plumbing was updated to 100% copper and all units have their own private laundry and are separately metered for gas/electric. This location afford tenants the convenience of being adjacent to the hip/eclectic East Village Arts District as well as Retro Row while being just a short bike ride to Shoreline Village/Belmont Shore.

    KEY DETAILS
    • Price:
    • $5,700,000
    • Bedrooms:
    • 0
    • Full Baths:
    • 0
    • Square Footage:
    • 9,452
    • Acreage:
    • 0.17
    • Year Built:
    • 1962
    • MLS #:
    • 21751042
    • Street Address:
    • 1028 E 3rd St
    • City:
    • Long Beach
    • State:
    • CA
    • Postal Code:
    • 90802
    • County:
    • Los Angeles
    • Area:
    • Downtown Area/ Alamitos Beach
    • Listing Status:
    • For Sale - Active

    Building

    • Building Condition:
    • Updated/Remodeled
    • Flooring:
    • Wood
    • Foundation:
    • Raised
    • Interior Features:
    • Ceiling Fan(s)
    • Number Of Units:
    • 12
    • Stories:
    • 2
    • Total # Of Buildings:
    • 1
    • Total Building Square Footage:
    • 9452
    • Type Of Roof:
    • Common Roof
    • Year Built:
    • 1962

    Business

    • Gross Income:
    • 351384
    • Net Operating Income:
    • 247764

    Land

    • Conforms To Zoning:
    • Lbr3s
    • Lot Size:
    • 7505
    • Lot Square Footage:
    • 7505

    Listing

    • Days On Market:
    • 7
    • On Market Date:
    • 2021-06-19
    • Originating Mls:
    • Crmls

    Money

    • Tenant Pays:
    • Electricity, Gas

    Structures

    • Garage Parking Spaces:
    • 6
    • Has Garage:
    • Yes
    • Parking Spaces:
    • 6

    Systems

    • Appliances:
    • Dishwasher, Gas Cooktop, Disposal, Gas Oven, Microwave, Dryer, Washer
    • Heating:
    • Electric

    Units

    • Unit 1 Monthly Rent:
    • 2150
    • Unit 1 Total Bathrooms:
    • 1
    • Unit 1 Total Bedrooms:
    • 1
    • Unit 10 Monthly Rent:
    • 2180
    • Unit 10 Total Bathrooms:
    • 1
    • Unit 10 Total Bedrooms:
    • 1
    • Unit 11 Monthly Rent:
    • 2900
    • Unit 11 Total Bathrooms:
    • 2
    • Unit 11 Total Bedrooms:
    • 2
    • Unit 12 Monthly Rent:
    • 2900
    • Unit 12 Total Bathrooms:
    • 2
    • Unit 12 Total Bedrooms:
    • 2
    • Unit 13 Monthly Rent:
    • 2144
    • Unit 13 Total Bathrooms:
    • 1
    • Unit 13 Total Bedrooms:
    • 1
    • Unit 2 Monthly Rent:
    • 2280
    • Unit 2 Total Bathrooms:
    • 1
    • Unit 2 Total Bedrooms:
    • 1
    • Unit 3 Monthly Rent:
    • 2400
    • Unit 3 Total Bathrooms:
    • 1
    • Unit 3 Total Bedrooms:
    • 1
    • Unit 4 Monthly Rent:
    • 2080
    • Unit 4 Total Bathrooms:
    • 1
    • Unit 4 Total Bedrooms:
    • 1
    • Unit 5 Monthly Rent:
    • 2144
    • Unit 5 Total Bathrooms:
    • 1
    • Unit 5 Total Bedrooms:
    • 1
    • Unit 6 Monthly Rent:
    • 2180
    • Unit 6 Total Bathrooms:
    • 1
    • Unit 6 Total Bedrooms:
    • 1
    • Unit 7 Monthly Rent:
    • 2144
    • Unit 7 Total Bathrooms:
    • 1
    • Unit 7 Total Bedrooms:
    • 1
    • Unit 9 Monthly Rent:
    • 2180
    • Unit 9 Total Bathrooms:
    • 1
    • Unit 9 Total Bedrooms:
    • 1

    Source

    • Listing Provided By Byron Field of Keller Williams Larchmont

      CACRMLS
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