421 3rd W, Long Beach, CA 90802 | MLS PW19134112 | Listing Information | Real Living Pacific Realty | Real Living Real Estate
Real Living Pacific Realty
(800) 660-9140
FOR SALE
$2,800,000

421 3rd W
Long Beach, CA 90802

Other
Residence
10
Beds
8
Baths
5,292
Sq. Ft.
0.1723
Acre Lot
1of
Photos
Map
Courtesy: Leslie Stonick - Compass
**PRICE DROP**NEW CAP RATE of 5% 10-31 exchanges & investors. Prime location. MIXED USE 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.
PW19134112
Other, Multi Level, Craftsman, 2 Story
10
Los Angeles
8 Full
1910
0.1723 Acres
Tankless Water Heater
School Rating Out of 10
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Data Provided by  GreatSchools.org
Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.

Walk Score

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Courtesy: Leslie Stonick - Compass
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