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702 E 3rd Street, Long Beach, CA 90802
$1,300,000
702 E 3rd Street, Long Beach, CA 90802View this property at 702 E 3rd Street, Long Beach, CA 90802
702 E 3rd StreetLong BeachCA90802
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Property Description
702 East 3rd Street is a 4-unit multifamily investment property located in the East Village Arts District of Long Beach, CA. 702 East 3rd Street offers an attractive mix of 2, two-bedroom units and 2, three-bedroom units with significant rental upside. The property has received significant capital investment towards modernizing the units with three of four units featuring upgraded countertops, flooring, paint, and appliances. Tenants pay for their own electric and gas. The property is positioned near the intersection of the East Village and Alamitos Beach neighborhoods, offering residents easy access to all that Long Beach has to offer. The property is situated in the East Village Arts District, providing tenants convenient access to the plethora of retail, dining, and entertainment options located in Downtown Long Beach and the Shoreline Village. 702 East 3rd Street is within 1 mile of the 4th Street Corridor, more commonly known as "Retro Row", a stretch of 4th Street with numerous specialty shops and cafes. Additionally, the property benefits from its location near the junction of East Ocean Boulevard and Alamitos Avenue, two major thoroughfares that connect residents to arterial freeways.
Full Property Details
Full Property Details for 702 E 3rd St
General
- Sold For: $1,300,000
- Status: Closed
- Type: Multi-Family
- MLS ID: OC23047340
- Added to Site: 438 day(s) ago
Rooms
Other Rooms
- Laundry: Common Area, Electric Dryer Hookup, Washer Hookup
Additional Information
- Pool Description: None
Location
- Area: 699 - Not Defined
- County: Los Angeles
- Development Name: 699 - Not Defined
- Driving Directions: Nearby Cross Streets: Lime Avenue & East 3rd Street
Utilities
- Sewer: Public Sewer
- Water: Public
- # Gas Meters: 4
- # Electric Meters: 4
Structural Information
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 3,264
- Year Built: 1919
Unit Information
Unit 1
- Number of Units: 2
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Number of Units: 2
- Total Bathrooms: 1
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.06
- Lot Size Source: Assessor
- Zoning: LBPD30
- Lot Description: Level with Street
Financial Considerations
- Price Per Sq. Ft.: $398.28
- Price Per Unit: 331250
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
Listed by Marcus & Millichap RE Invest, Tyler Leeson
Sold by Buckingham Investments, Inc, Sam Alherech
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Schools
Schools serving 702 E 3rd St
School District:Long Beach Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
515 Lime Ave, Long Beach, CA 90802 | PK-5 | 0.2 mi | |
540 Cerritos Ave, Long Beach, CA 90802 | 6-8 | 0.4 mi | |
1600 Atlantic Ave, Long Beach, CA 90813 | 9-12 | 1.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 702 E 3rd St
Date
Details
Price
Change
Source
6/30/2023
Sold
$1,300,000
-1.89%
MLS
3/23/2023
Listed
$1,325,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
702 E 3rd Street, Long Beach, CA 90802 (MLS# OC23047340) is a Multi-Family property that was sold at $1,300,000 on June 30, 2023. Want to learn more about 702 E 3rd Street? Do you have questions about finding other Multi-Family real estate for sale in Long Beach? You can browse all Long Beach real estate or contact a Coldwell Banker agent to request more information.