3522 E Broadway, Long Beach, CA 90803

$2,400,000

The subject is a twelve-unit apartment complex with a prime location in the very desirable Belmont Heights neighborhood of Long Beach, California. The property includes three, two-story woodframe and stucco apartment buildings built in 1923 and renovated on multiple occasions. The buildings total 7,562 sf in size and… Read More are situated on a level, rectangular 6,189 sf parcel located on he southwest corner of East Broadway and Loma Avenue. This offering includes units at 3522-3536 East Broadway and 223 Loma Avenue. The property has a great unit mix consisting of five studio and seven one bedroom/one bath apartment units ranging to approximately 700 sf. Some units have balconies. East Broadway is a busy traffic corridor through the city and is developed with a mix of retail and office buildings as well as single-family homes and small apartment buildings. Belmont Heights is one of the area's most sought-after coastal submarkets with a broad tenant base of young professionals, families and long-term residents. Woodrow Wilson High School is located less than one mile northeast of the subject. The 229-acre, city-owned Recreation Park is located one mile to the northeast and features include a community center, two golf courses, a tennis center, fishing pond and a baseball stadium. The heart of trendy Belmont Shore is less than three-quarters of a mile to the east. California State University, Long Beach is located less than two miles to the northeast. City Beach, Bluff Park and Belmont Pier are a quarter-mile to the south. Long Beach Municipal Airport is located three miles to the north and has non-stop flights to twenty-one cities nationwide as well as one-stop flights to 400 cities worldwide. Anduril Industries, a cutting-edge defense technology company specializing n artificial intelligence applications has recently announced that it is commencing a $1 billion redevelopment of land adjacent to the Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs. This is the first offering for sale of the Property since the current Owner acquired it in 2002. The Property is fully-occupied and rarely has vacant units. Current rental rates are below market, and the Property is subject only to State of California rent control. Most tenants occupy units on a month-to-month basis. Read Less

Listing Snapshot

Days Online

Last Updated

May 5, 2026

Property Type

Apartment

Lot Size

0.14 Acres

Year Built

1923

MLS Number

PW26094148

Additional Details

Property Access

Frontage Type: CityStreet, Road Surface: Paved

Appliances & Equipment

ElectricOven, ElectricRange, Disposal

Building

Built in 1923, 3 buildings, 2 stories, Levels: Two, Entry level: 1, Entry location: Broadway or Loma, Construction Materials: Frame, Stucco

Community

Biking, Curbs, DogPark, Fishing, Golf, Hiking, Lake, Sidewalks, Urban, WaterSports, Park

Cooling

None

Disclosures

CoastalZone, PrincipalIsRealEstateLicensed, RentControl

Accessibility Features

None

Expenses

Electric: $1,000, Fuel: $500, Insurance: $19,333, Licenses: $1,574, Maintenance: $14,420, Operating: $82,600, Supplies: $6,254, Trash: $1,200, Water/Sewer: $1,016, Other Expense: $1,312

Exterior Features

Awnings

Fireplaces

None

Floors

Carpet, Laminate, Vinyl

Heating

NaturalGas, WallFurnace

Home Owner's Association

Association Fee: $0

Income

Gross ScheduledIncome: $205,380, Net Operating Income: $118,672

Interior Features

Balcony, Unfurnished

Laundry

None

Lot

0.1421 acres, SixToTenUnitsAcre, CornerLot, NearPark, Over40UnitsAcre, NearPublicTransit, RectangularLot, SprinklersNone

Parking

None

Pool

None

Property

RepairsCosmetic, UpdatedRemodeled, CityLights, Neighborhood

Roof

Flat, TarGravel

Security Features

CarbonMonoxideDetectors, SmokeDetectors

Sewer

PublicSewer, SewerTapPaid

Taxes

Additional parcels description:, Parcel Number: 7264002021, Annual Amount: $29,953, Lot: 6

Tenant Pays

Electricity, Gas

Utilities

CableAvailable, ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected, Water Source: Public, ElectricityOnProperty, Standard, 12 separate electric meters, 12 separate gas meters

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