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1212 E 3rd

Long Beach, CA 90802
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Bed 0

Bed

Bath 0

Bath

SqFt19,248

Sqft

SqFt16,529

Sqft(Lot)

The Cadillac is a 36-unit apartment community situated on two contiguous parcels at 1212 and 1216 East 3rd Street in the highly desirable Alamitos Beach neighborhood of Long Beach, California. This well-located asset boasts 3 brand new ADU’s, 17 remodeled units, a stunning upgraded courtyard, and 11 percent rental upside. This offering represents a rare opportunity to acquire a scale asset in a premier coastal submarket with meaningful upside, recent capital improvements, and strong tenant demand fundamentals. The asset consists of two buildings featuring a diverse unit mix of 18 studios, 15 one-bed/one-bath units, one two-bed/one-bath unit, and two two-bed/two-bath units. Amenities include a courtyard with picnic areas, controlled access entry, and laundry facilities. Recent renovations incorporate modern interior finishes such as updated flooring, contemporary cabinetry, quartz countertops, and upgraded fixtures, contributing to strong tenant appeal and reduced ongoing maintenance needs. Remaining classic units provide a clear path for further interior upgrades and rental growth. Located just blocks from the coastline, Alamitos Beach is one of Long Beach’s most vibrant and walkable neighborhoods, known for its proximity to waterfront recreation, dining, and retail along Retro Row and Broadway. The area continues to attract a diverse renter base driven by lifestyle appeal, accessibility, and relative affordability compared to neighboring coastal markets. Long Beach’s multifamily fundamentals remain strong, supported by consistent population density, a growing employment base, and limited new housing supply. High renter demand, coupled with barriers to new development, continues to drive occupancy and rent growth, positioning well-located assets like 1212 and 1216 East 3rd Street for long-term performance.

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Detail Ic Property Details

Property Type : Residential Income

Price : $10,495,000

AD Id : 76343897

MLS Id : PW26062312

Lot Size : 16,529 Sqft

Living Area Size : 19,248

Year Built : 1957

County : Los Angeles

  • Map Map

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Feature Features

  • Water/Sewer

    Water Source: Public Sewer: Public Sewer

  • Building Information

    Year Built: 1957 Building Area Total: 19,248
  • Pool Features

    None

    Laundry Features

    Common Area

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.3795
  • Lot Size Source: Assessor Lot Size Square Feet: 16529

  • Listing Price Information

    Original List Price: 10,495,000 Listing Contract Date: 2026-03-23
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 7275010004

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: 4 - Downtown Area, Alamitos Beach Directions: 3rd between Orange and Esperanza Source Property Type: Residential Income Area: 4 - Downtown Area, Alamitos Beach Property SubType: Mixed Use
  • Building and Construction

    Property Age: 69 Common Walls: No Common Walls Structure Type: Mixed Use Year Built Source: Assessor Entry Level: 1 Entry Location: 1
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1738 E 4th, Long Beach, CA, 90802 $299,998 -- 1 397 397 SqFt
1738 E 4th Street #15, Long Beach, CA, 90802 $279,000 -- 1 398 398 SqFt
1820 E 2nd, Long Beach, CA, 90802 $5,150,000 -- -- 8,130 8,130 SqFt
1545 E 4th Street, Long Beach, CA, 90802 $1,647,300 7 -- 4,770 4,770 SqFt
1427 E 4th, Long Beach, CA, 90802 $1,999,000 -- -- 5,065 5,065 SqFt
1250 E 4th, #8, Long Beach, CA, 90802 $280,000 1 1 654 654 SqFt
1042-1048 E Broadway, Long Beach, CA, 90802 $1,749,000 -- -- 3,576 3,576 SqFt
955 E 2nd, Long Beach, CA, 90802 $899,900 2 1 1,304 1,304 SqFt
930 E 1st Street #2, Long Beach, CA, 90802 $310,000 1 1 557 557 SqFt
708 E Alta Way, Long Beach, CA, 90802 $629,000 2 1 688 688 SqFt

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ByOwner last updated this listing 06/11/2026 @ 22:01

MLS: PW26062312 LISTED BY: Steven Bogoyevac, Steven M. Bogoyevac, Broker 562-436-5800 SOURCE: CRMLS

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