Long Beach, CA 90803,3325 E 2nd ST
Long Beach, CA 90803,3325 E 2nd ST
Long Beach, CA 90803,3325 E 2nd ST
$3,800,000
Est. payment /mo
Est.Price: ?

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5,893 Sqft Lot
SOLD DATE : 12/15/2021

Key Details

Sold Price $3,800,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Belmont Heights (Bh)

MLS Listing ID PW21192661

Year Built 1928

Lot Size 5,893 Sqft

Property Description

Pleased to present the opportunity to acquire 2nd Street Property, an incredible turnkey apartment building situated in the desirable Belmont Heights neighborhood of Long Beach. The property offers a diverse unit mix of large studios, one and two-bedroom units with a vintage feel, but having a modern layout. The apartment building features a laundry room, storage compartments, and a great location with many of Long Beach?s finest attractions only minutes away. This property offers an investor the opportunity to acquire a valuable income-producing asset with a current cap rate of 3.6% and a market cap rate of 4.6%.

Location

State CA

County Los Angeles

Area 2 - Belmont Heights, Alamitos Heights

Zoning LBR3S

Interior

Laundry CommonArea

Exterior

Pool None

Community Features DogPark, WaterSports

Building

Lot Description RectangularLot

Sewer Unknown

Water Public

New Construction No

Others

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Gary Tolfa • Triqor Group
Bought with Cody Charnell • Buckingham Investments

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Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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