3009 E 3rd, Long Beach, CA 90814
- $2,150,000
- List Price
- $2,150,000
- Status
- ACTIVE
- MLS#
- SB26237657
- Year Built
- 1950
- Lot Size
- 4,510
- Acres
- 0.10
- Lot Location
- Street Level
- Days on Market
- 1
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
- Neighborhood
- Belmont Heights (Bh)
Property Description
We are pleased to present 3009 East 3rd Street, a seven-unit multifamily property located in the highly desirable Bluff Heights neighborhood of Long Beach, California. The property features seven one-bedroom/one-bathroom units averaging approximately 593 square feet, totaling 4,148 square feet of building area on a 4,356-square-foot lot. Recent capital improvements include three renovated units, dual-pane vinyl windows, upgraded electrical systems, fresh exterior paint completed in 2026, updated signage, enhanced landscaping, and refreshed laundry facilities. Generating nearly $14,000 in monthly income, the property offers investors strong in-place cash flow with approximately 15% additional rental upside. Its prime Bluff Heights location provides convenient access to the vibrant dining, shopping, and entertainment along Retro Row and Belmont Shore's 2nd Street, as well as local beaches, bike paths, and coastal recreation. With its desirable coastal location, strong existing rental income, and manageable seven-unit configuration, 3009 East 3rd Street presents an attractive investment opportunity in one of Long Beach's most sought-after rental markets.
Additional Information
- Appliances
- Dryer, Washer
- Pool Description
- None
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 7
- Gross Scheduled Income
- $167,964
- Operating Expense
- 60072
Listing courtesy of Listing Agent: Larson Harley (larson@lyonstahl.com) from Listing Office: Lyon Stahl Investment Real Estate, Inc..
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.