Property listed by Morgan Skenderian, Damien Breaux [email protected]
$1,850,000
Pleased to present 1135 E. 3rd Street, an 11-unit apartment investment opportunity located in the sought-after Long Beach neighborhood of Alamitos Beach. Offered for sale for the first time in decades, the property is ideally located just a short walk from the beach, and mere minutes from both Downtown and… Read More Retro Row. It is comprised of (10) studios (2 of which are exceptionally large), and (1) detached 3-bedroom/2-bathroom house, with its own garage. 1135 E. 3rd St. offers substantial upside potential by updating the units and bringing rents closer to market levels. Read Less
Listing Snapshot
Days Online
401
Last Updated
Property Type
Apartment
Lot Size
0.19 Acres
Year Built
1923
MLS Number
PW24222836
Additional Details
Building
Built in 1923, 2 buildings, 2 stories, Levels: Two, Entry level: 1, Entry location: 1
Community
Curbs, Gutters, Sidewalks
Expenses
Electric: $2,556, Fuel: $2,556, Insurance: $7,407, Maintenance: $8,045, Operating: $52,792, Pest Control: $1,080, Trash: $2,556, Water/Sewer: $2,556, Other Expense: $1,000
Garage
1 spaces
Income
Gross Income: $2,016, Gross ScheduledIncome: $165,876, Net Operating Income: $108,107
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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