1135 East 3rd Street

1135 East 3rd Street, Long Beach, CA 90802

  • For Sale $2,250,000
  • Property Type Multi-Family
  • Property Size 6,715 SF
  • Units 11
  • Lot Size 0.19 Acre
  • Additional Rent Contact for pricing
  • Year Built 1923
  • Date Updated Nov 18, 2024
Incorporated in 1897, Long Beach has a population of just over 450,000, making it the 44th most populous city in the United States, and the 3rd largest in Southern California, behind only Los Angeles and San Diego. The Port of Long Beach is the second busiest container port in the U.S., and amongst the largest shipping ports in the world. Long Beach is situated in the southeastern corner of Los Angeles County, and borders Orange County. The city offers numerous waterfront attractions, including the Aquarium of the Pacific, the permanently-docked RMS Queen Mary, and IndyCar's Long Beach Grand Prix. Alamitos Beach is a coastal neighborhood in the southern portion of the city that is comprised primarily of residential properties. There is a public beach within short walking distance as well as access to the Shoreline Pedestrian Bike Path, which stretches from Shoreline Village in Downtown to Belmont Shore. 1135 E. 3rd St. offers an exceptional location, between the sandy beach, Downtown's Pine Avenue, and Retro Row, a revitalized stretch of 4th St. that includes vibrant shopping, dining, and entertainment destinations.Morgan Skenderian is pleased to present 1135 E. 3rd Street, an 11-unit apartment investment opportunity located in the sought-after Long Beach neighborhood of Alamitos Beach. Offered for sale for the first time in decades, the property is ideally located just a short walk from the beach, and mere minutes from both Downtown and Retro Row. It is comprised of (10) studios (2 of which are exceptionally large), and (1) detached 3-bedroom/2-bathroom house, with its own garage. 1135 E. 3rd St. offers substantial upside potential by updating the units and bringing rents closer to market levels.

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Attachments

Highlights

  • In-Demand Location, Minutes from Alamitos Beach, Downtown, and The Pike Outlets
  • Majority Single Story Units + Detached 3-Bedroom House
  • Gated Access and On-Site Laundry
  • Added Value Opportunity – Projected ±60% in Rental Upside
  • Long Term Ownership – Motivated Seller
  • Part of a (4) Property Portfolio – Can Be Purchase Separately or Together

Contacts

broker

Damien Breaux

Morgan Skenderian Investment Real Estate Group

Location

Getting Around

  • Walk Score ®

    91/100 Walker's Paradise

  • Transit Score ®

    63/100 Good Transit

  • Bike Score ®

    91/100 Biker's Paradise
Powered by Walk Score ®
  • City Long Beach, CA
  • Neighborhood Alamitos Beach
  • Zip Code 90802
  • Market Los Angeles

Points of Interest

  • 5th Street

    0.72 miles

  • Pacific Avenue

    0.95 miles

  • Anaheim Street

    1.05 miles

  • Pacific Coast Highway

    1.49 miles

  • Wardlow

    3.58 miles

  • Del Amo

    5.69 miles

  • Chevron

    0.28 miles

  • USA gas

    0.40 miles

  • Shell

    0.40 miles

  • Speedway Express

    0.85 miles

  • 76

    1.25 miles

  • ARCO

    1.37 miles

  • SB gas

    1.46 miles

  • eVgo

    2.26 miles

  • Blink Charging Station

    2.52 miles

  • ChargePoint

    3.89 miles

  • Parking structure

    0.80 miles

  • parking structure

    0.83 miles

  • Long Beach Transit

    1.01 miles

  • Parking structure (for courthouse)

    1.22 miles

  • Lot 1

    1.41 miles

  • P2

    1.41 miles

  • Lot 7 staff

    1.44 miles

  • Lot 2

    1.46 miles

  • Lot 3 Staff

    1.47 miles

  • Public Parking

    1.48 miles

  • Beach Inn Motel

    0.26 miles

  • Vagabond Inn Convention Center Long Beach

    0.31 miles

  • Argonne Motel

    0.34 miles

  • Long Beach Motel

    0.36 miles

  • Travel King Motel

    0.42 miles

  • Travelodge Convention Center

    0.45 miles

  • City Center Motel

    0.47 miles

  • Rodeway Inn Long Beach Convention Center

    0.47 miles

  • The Inn of Long Beach

    0.47 miles

  • Courtyard Long Beach Downtown

    0.51 miles

  • Tito's Bakery & Restaurant

    0.10 miles

  • Pizza Hut

    0.11 miles

  • Jounetsu Ramen

    0.13 miles

  • Tommy's on Broadway

    0.15 miles

  • McDonald's

    0.15 miles

  • Merced's Restaurant

    0.15 miles

  • Hacienda Ruan

    0.16 miles

  • Canadian Pizza & Grill

    0.17 miles

  • Holé Molé

    0.19 miles

  • Sideburns

    0.20 miles

  • Franklin Middle School

    0.24 miles

  • St Anthony High School

    0.39 miles

  • Stevenson Elementary School

    0.45 miles

  • Burbank Elementary School

    0.74 miles

  • Lincoln Elementary School

    0.74 miles

  • First Lutheran School

    0.76 miles

  • Jenny Oropeza Elementary School

    0.85 miles

  • Renaissance High School For The Arts

    0.87 miles

  • Roosevelt Elementary School

    1.21 miles

  • Long Beach Polytechnic High School

    1.30 miles

  • Great Beginnings

    1.23 miles

  • A Village Child Care

    2.25 miles

  • Oak Wood Academy

    4.07 miles

  • Artesia Head Start

    7.02 miles

  • Tiny Heartz Daycare LLC

    7.54 miles

  • injoy life

    7.98 miles

  • The Learning Box Childcare & Enrichment Center Inc

    8.77 miles

  • Carden Conservatory

    9.07 miles

  • Bethany Christian Preschool

    9.22 miles

Frequently Asked Questions

How much does 1135 East 3rd Street cost?

The space currently listed for sale at 1135 East 3rd Street asks for $2,250,000.

What is the total square footage of 1135 East 3rd Street?

1135 East 3rd Street totals 6,715 square feet.

When was this property built?

1135 East 3rd Street was built in 1923.

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Contact Listing Broker

broker

Damien Breaux

Morgan Skenderian Investment Real Estate Group