1518 E 3rd Street

Long Beach, California

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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.
Property Detail
Bedrooms 0
Bathrooms 0
Property Type Land
Year Built 1964
Home Size 0 sqft
Lot Size 0.1898 Acres
MLS# PW19229471
County Los Angeles County
Listing Agent: Robert Stepp Broker: Keller Williams Pacific Estate Broker Phone: 5625137800

Los Angeles County Long Beach 1518 E 3rd Street

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Neighborhood Info

Long Beach - 90802

The vacancy rate of homes in 90802 is 12.6% with 20.77% of homes being owner-occupied. The median household income in 90802 is $46325 per year with those between 45 and 64 having the highest median income at $52686.

School in Long Beach, CA
School Type Grade Distance
Chavez Elementary School Public K-5 1.66 mi
Stevenson Elementary School Public K-5 0.71 mi
Franklin Classical Middle School Public 6-8 0.42 mi
Neighborhood Demographic

Demographic in Long Beach - 90802

Median Income $46325
Avg Household Size 1.925
Median Age 36.99
White Collars 34%
College Grad 58%
Copyright 2019 California Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Home TypeLand
Year Built1964
Lot Size0.1898 Acres

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