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555 E 3rd ST Long Beach, CA 90802
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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
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Bought with Jimmy Syamphone • HomeSmart Realty West
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