Thank you
Robert Stepp
Keller Williams - Santa Monica
310-482-2200
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.
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Water Source : Public
Sewer : Public Sewer
Year Built: 1929
Building Area Total: 19,935
None
Common Area
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1728
Lot Size Source: Assessor
Lot Size Square Feet: 7525
Original List Price: 8,700,000
Listing Contract Date: 2023-03-28
Listing Agreement: Exclusive Right To Sell
Parcel Number: 7278022039
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: 4 - Downtown Area, Alamitos Beach
Postal Code Plus 4: 2716
Directions: Magnolia Ave & W 3rd St
Zoning: LBPD30
Source Property Type: Residential Income
Area: 4 - Downtown Area, Alamitos Beach
Property SubType: Mixed Use
Property Age: 95
Common Walls: 2+ Common Walls
Structure Type: Mixed Use
Year Built Source: Assessor
Property Attached: Yes
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
360 W Ocean Boulevard #.., Long Beach, CA,90802 | $479,000 | 1 | 1 | 777 | 7371 Sqft |
140 Linden Avenue #962, Long Beach, CA,90802 | $475,000 | 1 | 1 | 539 | 33488 Sqft |
1030 E Ocean Boulevard .., Long Beach, CA,90802 | $885,000 | 3 | 2 | 1,250 | 21096 Sqft |
1000 E Ocean Boulevard .., Long Beach, CA,90802 | $959,000 | 3 | 2 | 1,592 | 37396 Sqft |
1244 E 4th Street, Long Beach, CA,90802 | $3,495,000 | -- | -- | 9,765 | 8946 Sqft |
1026 1040 E Broadway, Long Beach, CA,90802 | $3,050,000 | -- | -- | 7,315 | 11213 Sqft |
135 Bonito Avenue #11, Long Beach, CA,90802 | $189,000 | -- | 1 | 342 | 4505 Sqft |
338 Cedar Avenue, Long Beach, CA,90802 | $4,500,000 | -- | -- | 10,150 | 7503 Sqft |
708 E Alta Way, Long Beach, CA,90802 | $799,900 | 2 | 1 | 688 | 1293 Sqft |
455 E Ocean Boulevard #.., Long Beach, CA,90802 | $359,900 | -- | 1 | 527 | 19946 Sqft |
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ByOwner last updated this listing 04/30/2024 @ 22:12
MLS: PW23051137
LISTED BY: Robert Stepp, Keller Williams - Santa Monica
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.