For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $1,153,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,926 sqft
Price per Sqft $598
Subdivision Alamitos Beach (Ab)
MLS Listing ID SB21165871
Sold Date 12/23/21
HOA Y/N No
Year Built 1957
Lot Size 3,894 Sqft
Acres 0.0894
Property Description
553-555 E 3rd Street is a unique fully VACANT duplex located in Downtown Long Beach, just a short commute to Long Beach Waterfront, Long Beach Convention Center, and the Aquarium of the Pacific. The 2-unit was built in 1957, but recently remodeled, and consisting of 1,926 SF of living space situated on a 3,894 SF lot. 553-555 E 3rd Street offers a unit mix consisting of (2) 1-Bed/1-Bath, which can be used as retail, residential space, or both. The property features open parking inside it’s private property gate.
Located in one of the strongest rental markets in California and currently performing above a 3.5% cap rate - this is an excellent opportunity for an owner/user or a potential investor to obtain 30-year fixed residential financing while rates are at a historic low.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBPD30
Rooms
Ensuite Laundry CommonArea
Interior
Laundry Location CommonArea
Fireplace No
Laundry CommonArea
Exterior
Pool None
Community Features Sidewalks
Total Parking Spaces 4
Private Pool No
Building
Lot Description StreetLevel
Story 1
Entry Level One
Sewer PublicSewer
Water Public, Private
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 7281011026
Acceptable Financing CashtoNewLoan
Listing Terms CashtoNewLoan
Financing Conventional
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Jimmy Syamphone • HomeSmart Realty West
Discover this area's home values and other market trends. Get in touch with us for a detailed market analysis.
GET MORE INFORMATION
- Baker Ranch, CA Homes For Sale
- Lake Forest, CA Homes For Sale
- Mission Viejo, CA Homes For Sale
- Laguna Hills, CA Homes For Sale
- Laguna Niguel, CA Homes For Sale
- Anaheim Hills, CA Homes For Sale
- Laguna Beach, CA Homes For Sale
- Irvine, CA Homes For Sale
- Aliso Viejo, CA Homes For Sale
- Oceanside, CA Homes For Sale
- Anaheim, CA Homes For Sale
- Santa Ana, CA Homes For Sale
- Huntington Beach, CA Homes For Sale
- Costa Mesa, CA Homes For Sale
- Newport Beach, CA Homes For Sale
- Newport Coast, CA Homes For Sale
- North Tustin, CA Homes For Sale
- San Juan Capistrano, CA Homes For Sale
- Rancho Mission Viejo, CA Homes For Sale
- Rancho Santa Margarita, CA Homes For Sale
- Dana Point, CA Homes For Sale
- Beverly Hills, CA Homes For Sale
- West Hollywood, CA Homes For Sale
- Bel Air, CA Homes For Sale
- Malibu, CA Homes For Sale
- Santa Monica, CA Homes For Sale
- Pacific Palisades, CA Homes For Sale
- Long Beach, CA Homes For Sale
- Orange County, CA Homes For Sale
- Los Angeles , CA Homes For Sale