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    545 W 3rd Street

    Long Beach, CA 90802
    • $2,500,000
    • STATUS: Active
    • ON SITE: 287 days
    • ID#: PW20133363
    UPDATED: 192 min ago
    $2,500,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,440
      SQFT
    • $460
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1911
    County:

    School Ratings & Info

    Description

    Prime investment opportunity.Large 4 Unit Complex in Downtown Long Beach directly across from the Gov. George Deukmejian Courthouse. Each unit is 3 bedroom & 2.5 bathroom, measuring an estimated 1,340/square feet each. 12 space parking lot in rear.The property was completely remodeled in 2004. PD30 Zoning with potential for future high-density multifamily development; up to 240 feet in height potential.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-22T19:43:38.973. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
    www.teamforss.com/homes/107601443
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    545 W 3rd Street Long Beach, CA 90802

    • Price: $2,500,000
    • Status: Active
    • Updated: 192 min ago
    • ID#: PW20133363
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    5,440
    SQFT
    $460
    $/SQFT
    1911
    Built
    Neighborhood:
    Downtown (Dt)
    County:
    Los Angeles
    Area:
    4 - Downtown Area, Alamitos Beach
    Property Description
    Prime investment opportunity.Large 4 Unit Complex in Downtown Long Beach directly across from the Gov. George Deukmejian Courthouse. Each unit is 3 bedroom & 2.5 bathroom, measuring an estimated 1,340/square feet each. 12 space parking lot in rear.The property was completely remodeled in 2004. PD30 Zoning with potential for future high-density multifamily development; up to 240 feet in height potential.
    Exterior Features

    Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 4 Open Parking Spaces 12 Parking Total 12 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Common Walls 2+ Common Walls

    Property Features

    Additional Parcels YN No Common Interest None Community Features Urban Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 96000 Gross Scheduled Income 96000 Insurance Expense 0 Land Lease YN No Laundry Features Laundry Closet Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Net Operating Income 78200 New Construction YN No New Taxes Expense 0 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 17800 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning Lbpd30

    Listing provided courtesy of Austin Carr of Lyon Stahl Investment Real Est


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-22T19:43:38.973. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
     
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    Team Forss Realty Group
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    Temecula CA, 92592