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445 E 3rd

Long Beach, CA 90802
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Bed 1

Bed

Bath 2

Bath

SqFt5,005

Sqft(Lot)

445 E. 3rd Street is a 22-unit multifamily asset located in Long Beach’s East Village Arts District, a dense, walkable submarket within Downtown that continues to attract a steady base of renters driven by proximity to employment, transit, and lifestyle amenities. The property consists of (14) studio units and (8) 1BD/1BA, providing an efficient unit mix aligned with prevailing demand in the area. The seller has invested approximately $530,000 in capital improvements, including interior common areas (hallways, stairwells, keypads), unit interior renovations, new turf and landscaping on exteriors. All unit interiors are completely renovated with designer fixtures and finishes. Approximately $18,200 has been invested per studio unit renovation and ~$19,200 invested per 1BD/1BA renovation. 445 E. 3rd Street is priced at a 5.84% cap rate and 10.10 GRM in place, with clear embedded upside. As rents move to market and RUBS is implemented, the property stabilizes at a 6.82% cap rate and 9.12 GRM—a 98-basis-point expansion in yield and nearly a full point of GRM compression. That equates to $41,075 of additional annual NOI, a 16% increase in cash flow at no change in basis.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $4,400,000

AD Id : 89183874

MLS Id : PW26170001

Beds : 1

Lot Size : 5,005 Sqft

Year Built : 1922

County : Los Angeles

Subdivision: Miami Suburban Acres

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Feature Features

  • Building Information

    Year Built: 1922
    Building Area Total: 12150
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 5005 Lot Size Acres: 0.1149 Lot Size Source: Assessor Lot Size Square Feet: 5,005 Lot Description: TwentyOneToTwentyFiveUnitsAcre

    Property Information

    Subdivision: East Village Arts District Source Property Type: ResidentialIncome Property SubType: Mixed Use Property Age: 104

  • Listing Price Information

    Listing Price: $4400000
    Cash, CashToNewLoan, Exchange1031

  • Tax Information

    Parcel Number: 7281010017 Tax Lot: 28 Tax Block: 77

  • Location Information

    Direction: Atlantic Ave WaterSource: Public
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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
1427 E 4th, Long Beach, CA, 90802 $1,999,000 2 6 --
530 Almond Avenue, Long Beach, CA, 90802 $1,250,000 3 -- 1,962 1,962 SqFt
1250 E 4th, #8, Long Beach, CA, 90802 $280,000 1 1 654 654 SqFt
216 Esperanza, Long Beach, CA, 90802 $1,449,000 4 4 --
1310 E Ocean #405, Long Beach, CA, 90802 $819,000 1 1 990 990 SqFt
1152 E 1st Street, Long Beach, CA, 90802 $6,999,000 8 30 19,800 19,800 SqFt
437 Bonito, Long Beach, CA, 90802 $2,450,000 11 10 --
1142 E 1st Street, Long Beach, CA, 90802 $3,475,000 14 -- 8,965 8,965 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 08/18/2026 @ 17:22

MLS: PW26170001 LISTED BY: Robert Stepp, Keller Williams Realty Downey 562-334-1500 SOURCE: CRMLS

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