3032 E 3rd St, Long Beach, CA 90814

Property Description

Six (6) unit apt. building. Consists of 4-(1 Br's) and 2-(Studios). Excellent investment opportunity in prime Bluff Heights. Excellent low vacancy rental area. All units are large with hardwood floors. Lots of parking; 4 garages + 4 open parking spaces on a 50' X 150' full size lot! Separate meters. This is in the Bluff Heights historical district (see attached documents). This district is part of the Alamitos Beach Townsite, developed by John W. Bixby in 1886 and annexed to Long Beach in 1905. More than half the homes in this district are Craftsman Bungalows built from 1910 to 1923, but some of the neighborhood’s oldest homes are Victorian. Other historically significant architectural styles include Prairie, Mediterranean, Spanish Revival, Tudor Revival, and Neo-Traditional. ***See attached supplements for additional information*** Records show this is a 7 unit apt. bldg. (see permit attached), presently the 7th unit (converted garages to a Studio apt.) is being used as a laundry room and storage room - however can easily be converted to the 7th unit! Also, one of the garages is actually a tandem garage (this will be empty by the COE) where you can enter from the alley or the drive-way. Therefore, there are 5 garage spaces.