SoldJun 30, 2023

Listed by Tyler Leeson from Marcus & Millichap Re Invest

, 

Bought with Sam Alherech from Buckingham Investments, Inc.

Source: San Diego MLS #OC23047340

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

$1,300,000

5
2
0.06 ac.

MultiFam

•

30+ days on the market

Sold: Jun 30, 2023

What's around 702 E 3rd St

About this property

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.

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