Long Beach, CA 90814 3316 E 3rd Street
$2,925,000
16 more
Presented By: Eugene Rogachevsky with Broadmoor Realty, Inc.; 562-881-0819
Beds • 5
Baths • 3
SQFT • 3,516
Garage • 4
Home Details
3316 E 3rd Str. is 7-unit fully-renovated apartment building located in the sought-after Belmont Heights area of Long Beach minutes from the beach. This buildings consists four (4) one-bedroom one-bath units, two (2) studios and one (1) one-bedroom one-bath garage-conversion ADU. In 2023, the building underwent tremendous capital improvements and now features a new roof, new plumbing, new electrical subpanels and 400A main panel, new tankless water heaters, new windows, waterproof vinyl flooring, shaker cabinets with quartz countertops, stainless-steel appliances and in-unit laundry in every unit as well as newly painted interior and exterior. There are also four (4) single-car garages and an additional surface parking space. The building is now separately metered for electrical, gas, and is sub-metered for water and all utilities are tenant's responsibility. This property is minutes from the beach, shops and restaurants located both at the 4th Street Corridor and those located at Belmont Shore's 2nd Street!
Presented By: Eugene Rogachevsky with Broadmoor Realty, Inc.; 562-881-0819
Interior Features for 3316 E 3rd Street
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsItem2CommonWalls, EndUnit
Electric On Property Y/NNo
Fireplace Y/NNo
FlooringVinyl
Heating Y/NYes
Laundry FeaturesGasDryerHookup, Inside
Street SuffixStreet
Total Stories2
Other Rooms
Entry Level1
General for 3316 E 3rd Street
AccessibilityParking
Additional Parcels Y/NNo
AppliancesDishwasher, Disposal, GasOven, GasRange, Microwave, Refrigerator, TanklessWaterHeater, VentedExhaustFan, Dryer, Washer
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.53
Carport Y/NNo
CityLong Beach
Community FeaturesStreetLights, Sidewalks
CoolingWallWindowUnits
CountyLos Angeles
Days on Market85
DirectionsSouth on Redondo, Right on 3rd
Electric Expense240.0
Entry Location1
Fuel Expense0.0
Garage Spaces4.0
Garage Y/NYes
Gross Income194400.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense3600.0
Interior FeaturesCeilingFans, QuartzCounters, RecessedLighting
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashtoNewLoan, Conventional, FannieMae, FreddieMac
Lot Size Square Feet4620.0
MLS Area2 - Belmont Heights, Alamitos Heights
MaintenanceExpense4200.0
MobileHomeRemainsYNNo
Net Operating Income132910.0
New ConstructionNo
Number of Units Leased0
Open Parking Spaces1.0
Operating Expense61490.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street Name3rd
Subdivision NameBelmont Heights (BH)
Tax Lot3
Taxes$35,641
Tenant PaysElectricity, Gas, Water
Total Actual Rent0.0
Total Units7
Trash Expense1200.0
View Y/NNo
Water Sewer Expense960.0
Waterfront Y/NNo
Year Built1973
Year Built SourcePublicRecords
ZoningLBR2A
Exterior for 3316 E 3rd Street
Building Area Total3516.0
Crops Included Y/NNo
Horse Y/NNo
InclusionsAll appliances and washer/dryer units
Irrigation Water Rights Y/NNo
Lot FeaturesItem610UnitsAcre
Lot Size Acres0.1061
Lot Size Area4620.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters7
Number of Separate Gas Meters7
Number of Separate Water Meters7
Open Parking Y/NNo
Parking FeaturesAssigned, DoorSingle, Garage, OnStreet
SpaNo
Total Parking5.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480