FOR SALE
$ 7,495,000 Est. Payment

1518 E 3rd Street

Long Beach, CA 90802
Cluster
Residence
16,428
Sq. Ft.
0.1898
Acre Lot
1of
Map
Photos
Listing courtesy of: Robert Stepp - Keller Williams Pacific Estate
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.
PW19229471
Cluster, 3+ Story
Los Angeles
1964
0.1898 Acres
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Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.
People
Zip
City
County
National
38,816
474,140
10,170,292
321,418,820
5,987
9,316
2,458
89
1.9
2.8
3
2.6
36
34
35.3
37.4
$44,984
$52,944
$55,870
$53,482
$33,775
$27,014
$27,987
$28,555
 
Economy
Zip
City
County
National
5.70 %
5.70 %
5.20 %
5.20 %
1.40 %
1.40 %
1.40 %
1.60 %
37.10 %
37.10 %
37.60 %
38.00 %
9.00 %
9.00 %
9.00 %
6.00 %
8.00 %
8.00 %
8.00 %
4.60 %
120
155
156
100
 
Environment
Zip
City
County
National
3
77
2245
1443
13.7
13.8
16.9
39.2
0
0
0.3
25.8
46.1
46.1
45.5
22.6
81.9
81.5
84.3
86.1
34
33
32
102
278
287
283
205
84
88
86
54
Source: Sperling's Best Places
Listing courtesy of: Robert Stepp - Keller Williams Pacific Estate
Barbara Lynn Simmons, CALBRE 637579, Xome Inc., CALBRE 1932600, barbara.simmons@xome.com, 844-400-XOME (9663), 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361

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