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Philip Kang

[email protected] +1(714) 724-1841

$ 8,700,000

Est. payment -/mo

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527 W 3rd ST Long Beach, CA 90802

19,935 SqFt

UPDATED:

09/30/2024 06:29 PM

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 19,935 sqft

Price per Sqft $436

Subdivision Downtown (Dt)

MLS Listing ID PW23051137

HOA Y/N No

Year Built 1929

Lot Size 7,527 Sqft

Acres 0.1728

Property Description

527 W. 3rd Street is a 36-unit apartment asset in prime Downtown Long Beach. The property features a mix of four (4) 1BD / 1 BA, (27) studios, and five (5) micro studios. Many of the units have been renovated with designer fixtures and finishes, including new countertops, cabinetry, tile and flooring in the kitchens and bathrooms, stainless steel appliances and lighting. The secured access building offers a bright, spacious entryway, new carpet and paint in hallways, and on-site laundry facilities. With its prime West Gateway location, the property provides convenient access to the newly redesigned Lincoln Park, an integral part of the 22- acre, $520 million Civic Center redevelopment project. The Long Beach Civic Center Master Plan includes a 270,000-square-foot City Hall, 93,500-square-foot landmark Main Library, updated bike/bus/Metro Blue Line transit system, design guidelines for 800 residential units, and vibrant amenities across the revitalized Downtown area. 527 W. 3rd Street presents a new buyer with a beautifully renovated asset in a highly desirable Long Beach location at 12.89 GRM on actual rents.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Zoning LBPD30

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Fireplace No

Laundry Common Area

Exterior

Pool None

Community Features Sidewalks

Private Pool No

Building

Lot Description 36-40 Units/Acre

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7278022039

Energy Description 12130.0

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

Lease Land No

Listed by Robert Stepp • Keller Williams - Santa Monica • 310-463-2916

Philip Kang

Agent | License ID: 01862860

+1(714) 724-1841

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Fullerton, CA

Philip Kang

Philip Kang

527 W 3rd ST Long Beach, CA 90802

Key Details

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Rooms

Interior

Exterior

Building

Others

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527 W 3rd ST