Available Properties

1524 East 3rd Street

1524 East 3rd Street, Long Beach, CA 90802

Property Description


Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 1524 East 3rd Street, an 11-unit multifamily investment property in Long Beach, one of the premier housing markets in Southern California.

Specifically, 1524 East 3rd Street is located in the Alamitos Beach neighborhood, just a few blocks from the ocean, one mile to Downtown, and minutes to Belmont Shores. The 9,044 square foot property consists of studio, one-bedroom and two-bedroom floor plans. Originally a 4-unit building, built in 1926, with an additional 7 units added in 1984, 1524 East 3rd Street offers amenities including gated ground-level parking, garage parking, private balconies, and an on-site laundry facility.

Historically known for its status as the preeminent harbor city on the West Coast, Long Beach continues to gain notoriety as an exciting and vibrant waterfront destination. Long Beach’s world-class port, prestigious university, unique business market, and unmatched local attractions have made it one of Southern California’s most desirable and versatile markets.

Given the strength of the overall apartment market within the city of Long Beach, 1524 East 3rd Street offers an investor the ability to capture quality tenants seeking a great beach neighborhood with convenient access to a wide variety of activities, transportation and retail amenities. This overall demand for well-located apartments will be a key driver in the continued growth at 1524 East 3rd Street.

Property Highlights


  • Studio, One-, and Two-Bedroom Units
  • Gated Ground-Level Parking, Garage Parking, Private Balconies, and On-Site Laundry
  • Select Units offer Direct Access into Gated Ground-Level Parking and One Unit offers Direct Garage Access
  • Within Walking Distance to Alamitos Beach, Junipero Beach, and Retro Row
  • Just Over One Mile from Downtown Long Beach, Long Beach Convention and Entertainment Center, and the Aquarium of the Pacific
Status: Active
Year Built: 1926
Price: $3,400,000
No. of Units: 11
For more information on our listings, click here
Presented by
Nick A. Kazemi
Associate
949-419-3333
CA license: 02008945
Matthew J. Kipp
First Vice President
949-419-3254
CA license: 01364032