Sq.Ft. Lot7,501
Year1925
The Oriana Shea Group
(562) 270-1775
Status:
Active
Property Type:Duplex
MLS #:PW23170445
On Site:11 Days
Lot Size:7,501 Sq. Ft.
County:Los Angeles
Listing Agent/Office
Agent:Wayne Ishimine
Office:Y Realty
Great opportunity for an owner-occupant or appreciative investor to procure an architectural gem. This Spanish colonial revival style duplex includes a 2 bed, 1 1/2 bath owner's unit of approx 1800 sq ft, with coved ceilings, arched entryways, built-ins, alcove, and detailed wood molding. A quartz counter top kitchen with shaker cabinetry and new dishwasher opens to the family room with a high wood beamed ceiling. A spacious, composite material deck creates an excellent extension to the family room. The 2nd unit is a similar floor plan with approx 1400 sq ft, featuring a beautifully etched mock fireplace and original hardwood flooring. All bedrooms are oversized with great closet space and have access to quaint balconies. The units have central A/C and individual laundry rooms. Gas and electricity (200 amp service) are separately metered. The large lot allows for a savvy investor to explore its ADU potential. Located blocks from the beach, 4th St Retro Row, Broadway, and close to downtown and Belmont Shore, this is an ideal residence and/or investment.
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Community Information
Address:2828 E 3rd St, Long Beach, CA 90814
County:Los Angeles
City:Long Beach
Zip Code:90814
Architecture
Year Built:1925
Stories:2
Style:Spanish
Construction Materials: Stucco
Building Area: 3166.0
Number of Buildings: 1
Total Units: 2
Stories Total: 2
Unit 1: 1 Unit • 2 Beds • 2 Baths • Unfurnished • $3,800 total rent • $3,800 pro forma
Unit 2: 1 Unit • 2 Beds • 2 Baths • Unfurnished • $3,000 total rent • $3,000 pro forma
Roof: Composition, Flat
Foundation: Raised
Garage Spaces: 4.0
Features / Amenities
Interior Features: Beamed Ceilings, Balcony, AllBedroomsDown
Appliances: Dishwasher, Electric Oven, Disposal, Refrigerator
Fireplace Features: Decorative, Living Room
Flooring: Carpet, Wood
Laundry: Washer Hookup, Gas Dryer Hookup, Laundry Room
Entry Level: 1
Entry Location: 1st
Common Walls: 2+ Common Walls
Parking Features: Driveway, Garage
Open Parking Spaces: 4.0
Parking Total: 8.0
Cooling: Central Air
Heating: Central
Rooms
| Bedroom |
| Family Room |
| Laundry |
| Living Room |
Property Features
Lot Size:
0.17 Acres / 7,501 Sq. Ft.
Lot Features: Front Yard
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
Sewer: Public Sewer
Water: Public
Fencing: Block
Zoning:LBR2A
Directions:North of Broadway; East of Temple
Tax and Financial Info
Contingency: Probate Sale. Executor has full authority. Court confirmation is not required at this time. Include C.A.R. Form Probate Agreement Addendum with all offers. Per paragraph 3A(2) of Form PA-PA, accepted offers are subject to 15 day objection period for beneficiaries/heirs/interested parties.
Cap Rate: 3.4
Gross Income: $81,600
Gross Scheduled Income: $81,600
Net Operating Income: $56,400
Disclosures: Historical, RentControl
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2828 E 3rd St Long Beach, CA 90814
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Based on information from California Regional Multiple Listing Service, Inc. as of September 26, 2023. 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. IDX provided by Sierra Interactive.
