$8,700,000
Active MLS # PW23051137 | Listed by Robert Stepp with Keller Williams - Santa Monica
Active MLS # PW23051137 | Listed by Robert Stepp with Keller Williams - Santa Monica
527 W 3rd Street is a $8,700,000, 19,935 square foot home on a 0.17 acre lot located in Long Beach, CA.
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.
Interior Features | Common Area |
Exterior Features | Sidewalks None Standard Property Attached - Yes Rent Control - Yes |
Construction Types | 2 Common Walls |
Land Type | Item3640 Units Acre |
Water Source | Public |
Sewer | Public Sewer |
Attribution Contact | 310-463-2916 |
Financial Terms | 1031 Exchange Cash financialterm335 |
Property Type | Residential Income |
Property Sub Type | Mixed Use |
Style | Full Service |
Year Built | 1929 |
HOA Fee | $0.00 |
Taxes | $0.00 |
County | los angeles |
Neighborhood | Downtown (Dt) |
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