421 W. 3rd Long Beach, CA 90802
UPDATED:  
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2400000
/mo

5Beds

5Baths

5100SqFt

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Key Details

Property Type: Multi-Family

Listing Status: Active

Purchase Type: For Sale

Square Footage: 5,100 sqft

Price per Sqft: $470

Lot Size: 7,501 Sqft

Year Built: 1910

MLS Listing ID: PW20029181

Style: Craftsman

Subdivision: Alamitos Beach (Ab)

Bedrooms: 5

Total Units: 7

HOA Y/N: No

Property Description

Price improvement and priced to sell! A perfect downtown Long Beach investment property. Totally TURN KEY with 7 unique units located in the heart of a fast growing city and only 3 blocks to the beach. This property also falls within the PD-30 Plan for downtown and located in the height incentive area for future investors to build up! Each unit is metered separately for gas and electric, has its own tankless water heater AND has private laundry inside each unit. WOW! There are 4 large one bedroom one bath with a lovely balance of upgrades yet keeping the charm alive with exposed beams, hardwood floors and built-ins. Each unit also has their own outdoor balcony space. The 5th one bedroom one bath is a totally remodeled, very popular Air B&B that brings more income to this investment property. Upstairs is a gorgeous 3 bedroom 2 bath with gas fireplace and comes with 2 parking spaces. The last unit is an adorable studio apartment. There are 5 parking spaces on site and one separate garage space on the property. This property is at 100% capacity and tenants that do not park on site, have assigned parking directly across the street at the Gallery. A modern courtyard separates the two structures complete with lounge seating and eating area. This property has 3 security gates that allows for private entry. This investment property has it all. Close to THE PIKE, shoreline drive, the promenade and freeways. Great opportunity for a 10-31 exchange!!

Location

State: CA

County: Los Angeles

Area: 4 - Downtown Area, Alamitos Beach

Interior

Laundry: Inside

Flooring: Wood

Exterior

Garage: Assigned

Garage Spaces: 1.0

Fence: Security

Pool: None

Community Features: Biking

Building

Lot Description: 0-1 Unit/Acre

Sewer: Public Sewer

Water: Public

Level or Stories: Two

New Construction: No

Others

Senior Community: No

Special Sale: Standard

Unit 1

Beds: 1

Baths: 1

Furnished: Unfurnished

Unit 2

Baths: 1

Furnished: Unfurnished

Unit 3

Beds: 3

Baths: 2

Furnished: Unfurnished

Unit 4

Beds: 1

Baths: 1

Garages: 1

Furnished: Furnished

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    Windy Ruffini Focus Realty
    Windy Ruffini

    Broker License ID: 01526913

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