Under Contract

3522 E Broadway

Long Beach, CA 90803

$2,400,000 $10,118/Mo

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Overview

Bed

Bath

7,562

Sqft

6,189

Sqft(Lot)

Description

The subject is a twelve-unit apartment complex with a prime location in the very desirable Belmont Heights neighborhood of Long Beach, California. The property includes three, two-story woodframe and stucco apartment buildings built in 1923 and renovated on multiple occasions. The buildings total 7,562 sf in size and are situated on a level, rectangular 6,189 sf parcel located on he southwest corner of East Broadway and Loma Avenue. This offering includes units at 3522-3536 East Broadway and 223 Loma Avenue. The property has a great unit mix consisting of five studio and seven one bedroom/one bath apartment units ranging to approximately 700 sf. Some units have balconies. East Broadway is a busy traffic corridor through the city and is developed with a mix of retail and office buil dings as well as single-family homes and small apartment buildings. Belmont Heights is one of the area's most sought-after coastal submarkets with a broad tenant base of young professionals, families and long-term residents. Woodrow Wilson High School is located less than one mile northeast of the subject. The 229-acre, city-owned Recreation Park is located one mile to the northeast and features include a community center, two golf courses, a tennis center, fishing pond and a baseball stadium. The heart of trendy Belmont Shore is less than three-quarters of a mile to the east. California State University, Long Beach is located less than two miles to the northeast. City Beach, Bluff Park and Belmont Pier are a quarter-mile to the south. Long Beach Municipal Airport is located three miles to the north and has non-stop flights to twenty-one cities nationwide as well as one-stop flights to 400 cities worldwide. Anduril Industries, a cutting-edge defense technology company specializing n artificial intelligence applications has recently announced that it is commencing a $1 billion redevelopment of land adjacent to the Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs. This is the first offering for sale of the Property since the current Owner acquired it in 2002. The Property is fully-occupied and rarely has vacant units. Current rental rates are below market, and the Property is subject only to State of California rent control. Most tenants occupy units on a month-to-month basis.

Property Details

Property Type : Residential Income

Price : $2,400,000

AD Id : 77847007

MLS Id : PW26094148

Lot Size : 6,189 Sqft

Living Area Size : 7,562

Year Built : 1923

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Water/Sewer

Water Source: Public Sewer: Public Sewer,Sewer Tap Paid
Interior Features

Roof: Flat,Tar/Gravel Exterior Property Features: Awning(s) Interior Features: Balcony,Unfurnished Property Appliances: Electric Oven,Electric Range,Disposal Fireplace: None Flooring: Carpet,Laminate,Vinyl
Cooling Features

None Air Conditioning

Heating Source

Natural Gas,Wall Furnace Has Heating

Fireplace

Fireplace Features: None Has Fireplace: 0

Building Information

Year Built: 1923 Building Area Total: 7,562 Construction: Frame,Stucco Roof: Flat,Tar/Gravel
Exterior Features

Awning(s)

Security Features

Carbon Monoxide Detector(s),Smoke Detector(s)
Accessibility Features

None

Pool Features

None

Laundry Features

None

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1421
Lot Size Source: Assessor Lot Size Square Feet: 6189

Listing Price Information

Original List Price: 2,400,000 Listing Contract Date: 2026-04-30
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 7264002021 Annual Tax: 29953

Garage and Parking

Garage Description: None

Homeowners Association
Rental Info

Lease Term: Negotiable Tenant Pays: Electricity,Gas

Other Property Info

Source Listing Status: Active Under Contract Source Neighborhood: 2 - Belmont Heights, Alamitos Heights Directions: Traveling W on Broadway, property is on the SW corner of Broadway/Loma Avenue. Source Property Type: Residential Income Area: 2 - Belmont Heights, Alamitos Heights Property SubType: Apartment
Building and Construction

Property Age: 103 Common Walls: 2+ Common Walls Property Condition: Repairs Cosmetic,Updated/Remodeled Structure Type: Apartment Year Built Source: Assessor Entry Level: 1 Entry Location: Broadway or Loma Property Attached: Yes Levels or Stories: Two Building Total Stories: 2

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
6247 E Golden Sands #184, Long Beach, CA, 90803	$235,000	2	--	900	900 SqFt
6207 Seabreeze, Long Beach, CA, 90803	$169,900	2	1	--
6911 E Ocean, Long Beach, CA, 90803	$3,499,000	3	3	2,382	2,382 SqFt
86 Via Di Roma Walk, Long Beach, CA, 90803	$1,995,000	3	2	1,987	1,987 SqFt
6600 E Ocean, Long Beach, CA, 90803	$1,999,999	3	3	1,624	1,624 SqFt
90 Rivo Alto Canal, Long Beach, CA, 90803	$3,498,000	4	2	2,600	2,600 SqFt
333 La Verne Avenue, Long Beach, CA, 90803	$1,780,000	3	3	1,714	1,714 SqFt
15 The Colonnade, Long Beach, CA, 90803	$10,250,000	5	5	6,182	6,182 SqFt
130 Geneva Walk, Long Beach, CA, 90803	$2,649,000	4	3	3,078	3,078 SqFt
2 60th Place, Long Beach, CA, 90803	$6,599,000	6	6	6,900	6,900 SqFt

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ByOwner last updated this listing 06/11/2026 @ 21:48

MLS: PW26094148 LISTED BY: Carl Reinhart, Carl Reinhart, Broker 714-404-8020 SOURCE: CRMLS