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535 3rd Street
Long Beach, CA 90802
Sold
535 West 3rd Street is a 16-unit apartment building in Long Beach, California. This property is located right in the hustle and bustle of flourishing Downtown Long Beach across from the Governor George Deukmejian Courthouse and conveniently near dining, retail, and entertainment (WalkScore: 91). The building is a 1964 construction with a desirable mix of 13 two-bed/two-bath units and three one-bed/one-bath units, garage and tandem driveway parking, balconies, and on-site laundry. Excitingly, four ADU’s are approved and RTI. Meanwhile, existing rents offer a new investor 15 percent rental upside. Assumable financing is available at 3.2% fixed rate with five years remaining, one of which is interest-only; the remaining loan balance is approximately $2.5 Million. This asset is offered as part of a portfolio of Long Beach apartment buildings that range from eight to 52 units. Properties available separately or together.
PROPERTY INFORMATION
| MLS # | PW23224434 | Lot Size | 7,458 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Commercial/Residential |
| Price | $ 4,300,000
Price Per SqFt: $ 344 |
DOM | 515 Days |
| Address | 535 3rd Street | Type | Residential Income |
| City | Long Beach | Sq.Ft. | 12,506 Sq. Ft. |
| Postal Code | 90802 | Garage | 8 |
| County | Los Angeles | Year Built | 1964 |
| Bed / Bath | 3 / 0 | Parking | 8 |
| Built In | 1964 | Status | Closed |
| Sold Date | 2024-04-16 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Community |
| EntryLocation | 1 |
| Entry Level | 1 |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $4,587
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 04/16/2024 | Sold | $4,300,000 |
| 03/27/2024 | Pending | $4,300,000 |
| 01/31/2024 | Price Change | $4,300,000 (-4.44%) |
| 12/11/2023 | Listed | $4,500,000 |
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Listing provided courtesy of Steven Bogoyevac, Steven M. Bogoyevac, Broker. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
