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Off market

Buy a propertyat 1028 E 3RD Street, Long Beach, CA 90802

$5,700,000

$0/mo

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Multifamily

9,452 Sq. Ft.

7,505 Sq. Ft. lot

14 Bedrooms

0 Bathrooms

676 Days on market

22157707 MLS ID

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About 1028 E 3RD Street property

**FULLY RENOVATED: Over $50k Spent Per Unit** **4.5% Year One Cash-on-Cash Return** **100% Occupied w/Robust Rents** This 12-unit property offers 10 - one/bedrooms and 2- two/bedrooms w/two baths with all units fully remodeled to an extremely high standard, including wood laminate flooring, custom cabinetry, quartz countertops, farmhouse sinks, stainless steel appliances/dishwashers, ceiling fans/air-conditioning, bathroom vanities/porcelain tiled flooring and designer lighting throughout. The plumbing was updated to 100% copper and all units have their own private laundry and are separately metered for gas/electric. This location affords tenants the convenience of being adjacent to the hip/eclectic East Village Arts District as well as Retro Row while being just a short bike ride to Shoreline Village/Belmont Shore.
**FULLY RENOVATED: Over $50k Spent Per Unit** **4.5% Year One Cash-on-Cash Return** **100% Occupied w/Robust Rents** This 12-unit property offers 10 - one/bedrooms and 2- two/bedrooms w/two baths with all units fully remodeled to an extremely high standard, including wood laminate flooring, custom cabinetry, quartz countertops, farmhouse sinks, stainless steel appliances/dishwashers, ceiling fans/air-conditioning, bathroom vanities/porcelain tiled flooring and designer lighting throughout. The plumbing was updated to 100% copper and all units have their own private laundry and are separately metered for gas/electric. This location affords tenants the convenience of being adjacent to the hip/eclectic East Village Arts District as well as Retro Row while being just a short bike ride to Shoreline Village/Belmont Shore.

Property details

Appliances and Equipment

Dishwasher

Gas Cooktop

Microwave

Oven

Dryer

Washer

Bathrooms

12 total bathrooms

Bedrooms

14 total bedrooms

House

Built in 1962

9,452 sqft living area

9452 total building sqft

Multi/Split

Foundation

Raised

Garage

Attached garage

6 garage spaces

Income

Gross Income: 356400

Net Operating Income: 322008

Interior Features

Ceiling Fan(s)

Laundry

Stacked

Listing

Listing ID: 22157707

150 days on market

Listed on 2022-05-13

Location

County: Los Angeles

Lot

7505 sqft

0.1723 acres

Area: 7505

Parking

2 open parking spaces

8 total parking spaces

Property

2 buildings

12 units

Updated/Remodeled

Monthly cost

Estimated monthly cost

$36,323/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$5,358,000

+$171,000

$5,529,000

Seller agent commission$171,000 (3%)*

$0 (0%)

Buyer agent commission$171,000 (3%)*

$171,000 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

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Unreal Estate checked: Aug 8, 2023 at 4:34 p.m.

Data updated: Nov 9, 2022 at 9:07 a.m.

Property listed by Keller Williams Larchmont, Byron Field
Based on information from California Regional Multiple Listing Service, Inc. as of 11/09/2022 and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing Information © 2024 California Regional MLS. All Rights Reserved.

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