$3,200,000
$4,248,000
24.7%For more information regarding the value of a property, please contact us for a free consultation.
15 Beds
14 Baths
9,378 SqFt
SOLD DATE : 12/19/2024
Key Details
Sold Price $3,200,000
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 9,378 sqft
Price per Sqft $341
MLS Listing ID OC24129394
Sold Date 12/19/24
Bedrooms 15
Full Baths 14
HOA Y/N No
Year Built 1958
Lot Size 8,550 Sqft
Property Description
Prime Coastal Investment Opportunity Just three blocks from the beach, this 12-unit complex on 3rd St. boasts an impressive walk score of 96! On the market for the first time in 26 years, this well-maintained building features ten 1-bedroom/1-bathroom units, one 2-bedroom/1-bathroom unit, and one 2-bedroom/2-bathroom unit ideal for an owner's residence. Recently upgraded with vinyl windows, the property also includes on-site laundry facilities, six garages (two with driveways), and a secure, gated entrance. With over 25% upside potential, this property represents a rare chance to acquire a coastal asset with minimal rent control restrictions (limited to CA state laws). Don't miss out on this exceptional investment opportunity!
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBR1N
Rooms
Main Level Bedrooms 14
Interior
Cooling None
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Curbs, Sidewalks, Urban
View Y/N No
View None
Attached Garage Yes
Total Parking Spaces 6
Private Pool No
Building
Lot Description 11-15 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Schools
School District Long Beach Unified
Others
Senior Community No
Tax ID 7275018040
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Anthony Walker • Buckingham Investments, Inc
Real Estate Consultant | License ID: 01971542
+1(562) 595-3264 | karen@iwakoshirealtor.com