421 3rd W, Long Beach, CA 90802

$2,999,999
10
BD
8
BA
5,292
SqFt
List Price
$2,999,999
Status
ACTIVE
MLS#
PW19134112
Year Built
1910
Bedrooms
10
Bathrooms
8
Living Sq. Ft
5,292
Lot Size
7,504
Acres
0.1723
Lot Location
6-10 Units/Acre, Value In Land
Days on Market
135
Property Type
Single Family Residential
Style
Craftsman
Property Sub Type
Commercial/Residential
Stories
Two, Multi/Split
Neighborhood
Downtown (Dt)

Property Description

Located in the PD-30 Plan of downtown Long Beach, this 1910 Craftsman Multi-Unit investment property is looking for its new owners! Two structures, 7 unique units, 4 private parking spaces in the heart of a fast growing downtown & just 3 blocks from the beach. Hardwood floors, built-ins, exposed beams, new appliances & laundry in unit. Each unit has its own tankless water heater and is separately metered for gas & electric. This property is low maintenance & TURN KEY. Owners renovated after purchasing it and have made major capital improvements. New plumbing including main line. New electric. Updated Kitchens, Bathrooms and Laundry rooms. Each unit has its own private outdoor space. There is a shared courtyard with lounge seating and outdoor dining. Plenty of room for everyone's bikes & paddleboards. This prime location allows tenants to have the city life walking or biking to most major attractions like the Pike & Promenade. Freeways are conveniently located just minutes away from the property and don't forget about the new bridge into San Pedro for a fun afternoon or a hike in Palos Verdes. This property is located in the PD-30 Plan and is zoned for mixed use, commercial & residential. Would make an amazing live/work! In addition this property falls within the "Height Incentive Area" and allows investors to build up & add to the urban architectural skyline of downtown Long Beach. Don't miss this opportunity. Call to schedule a showing!

Additional Information

Tract Number
11934
Lot Description
Automatic Gate, Security Lights, Biking
Kitchen Features
Quartz Counters, Walk-In Pantry
Appliances
Tankless Water Heater
Pool Description
None
Fireplace Description
Family Room, Gas
Heat
Natural Gas
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
View
City Lights
Garage Spaces Total
1
Sewer
Public Sewer
Water
Public
School District
Long Beach Unified
Attached Structure
Attached
Total Number of Units
7

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Leslie Stonick from Compass

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.