• Price$7,150,000
  • SQ. Feet16,428
  • Acres0.19
  • Built1964

1518 E 3rd Street, Long Beach

1518 E. 3rd Street is a 22-unit apartment complex located in prime Alamitos Beach, just three blocks to the ocean and bike path. The property offers a desirable mix of (19) one-bedroom and (3) two-bedroom units. Seventeen of the 22 units are fully renovated, including new flooring, modern kitchens and baths and upgraded fixtures throughout. A majority of remodeled apartments have in-unit washer/dryers and on-site laundry is available for the remaining units. The property is in close proximity to the hip boutiques, restaurants and bars along Fourth Street/Retro Row and along the Broadway Corridor. The neighborhood is also adjacent to East Village Arts District, Downtown Long Beach and a myriad of employment opportunities. According to Niche website, Alamitos Beach ranks as the number three of 47 Best Neighborhoods for Young Professionals. Rents in this submarket are 19% higher than other Long Beach submarkets, on average. 1518 E. 3rd Street is an attractive investment asset with rental upside potential in an outstanding Alamitos Beach location with historically low vacancy rates.

Essential Information

  • MLS® #PW19229471
  • Price$7,150,000
  • Bathrooms0.00
  • Square Footage16,428
  • Acres0.19
  • Year Built1964
  • TypeResidential Income
  • StatusActive

Amenities

  • Parking Spaces16
  • # of Garages2

Exterior

  • Lot Description21-25 Units/Acre

Listing Details

  • Listing AgentRobert Stepp(01456379)
  • Listing OfficeKeller Williams - Santa Monica

Community Information

  • Address1518 E 3rd Street
  • AreaDowntown Area, Alamitos Beach (4)
  • SubdivisionAlamitos Beach (AB)
  • CityLong Beach
  • CountyLos Angeles
  • StateCA
  • Zip Code90802

Interior

  • HeatingRadiant
  • # of Stories3
  • StoriesThree Or More Levels

Additional Information

  • Date ListedSeptember 27th, 2019
  • Days on Market281
  • ZoningLBR2N
Please provide a valid email address.

Based on information from California Regional Multiple Listing Service, Inc. as of July 5th, 2020 at 3:41am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.