4,508 Sqft Lot
4,508 Sqft Lot
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Belmont Heights (Bh)
MLS Listing ID SB26237657
HOA Y/N No
Year Built 1950
Lot Size 4,508 Sqft
Property Sub-Type Mixed Use
Property Description
The property features seven one-bedroom/one-bathroom units averaging approximately 593 square feet, totaling 4,148 square feet of building area on a 4,356-square-foot lot. Recent capital improvements include three renovated units, dual-pane vinyl windows, upgraded electrical systems, fresh exterior paint completed in 2026, updated signage, enhanced landscaping, and refreshed laundry facilities.
Generating nearly $14,000 in monthly income, the property offers investors strong in-place cash flow with approximately 15% additional rental upside. Its prime Bluff Heights location provides convenient access to the vibrant dining, shopping, and entertainment along Retro Row and Belmont Shore's 2nd Street, as well as local beaches, bike paths, and coastal recreation.
With its desirable coastal location, strong existing rental income, and manageable seven-unit configuration, 3009 East 3rd Street presents an attractive investment opportunity in one of Long Beach's most sought-after rental markets.
Location
State CA
County Los Angeles
Area 2 - Belmont Heights, Alamitos Heights
Interior
Fireplace No
Appliance Dryer, Washer
Laundry Common Area
Exterior
Pool None
Community Features Curbs, Gutter(s), Sidewalks
Private Pool No
Building
Lot Description Street Level
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7257022013
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
Nearby Locations
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