SoldMar 22, 2016

Listed by Nancy Deprez

, 

Bought with Fred Macias

702 E 3rd St, Long Beach, CA, 90802

$799,000

10
4
3500 sq. ft.
2503 sq. ft.

MultiFam

•

30+ days on the market

Sold: Mar 22, 2016

What's around 702 E 3rd St

About this property

702-708 E 3rd Street is a rarely available FOURPLEX in the Arts District of downtown Long Beach. This is an exceptional building with a desirable mix of fully occupied units - 2 THREE BEDROOM UNITS UPSTAIRS, 2 TWO BEDROOM UNITS DOWNSTAIRS. Fully rented, no rent control, this building is located a block away from Vons Supermarket and walking distance to the beach, restaurants, stores, wine bars, coffee places, and much more. This prime location makes this building always occupied with well qualified tenants. Recent upgrades to the property include new back staircase made from Trex installed 2014. Interiors are constantly being improved as needed to keep up with demands of tenants. Consistent rental income with annual gross rents of $60,600. With downtown Long Beach being undergoing rapid transformation and constant improvement, this well situated 4-plex has the potential of previously unseen future appreciation for the new owner.

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