Homes for sale - 527 W 3rd ST, Long Beach, CA 90802

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Mon

Dec

Tue

Dec

Wed

Dec

Candice Blair

candice@candiceblairgroup.com +1(949) 466-0620

$ 8,700,000

Est. payment -/mo

Save

Active

527 W 3rd ST Long Beach, CA 90802

19,935 SqFt

UPDATED:

08/30/2024 04:40 PM

Key Details

Property Type Commercial

Sub Type Commercial/Residential

Listing Status Active

Purchase Type For Sale

Square Footage 19,935 sqft

Price per Sqft $436

Subdivision Downtown (Dt)

MLS Listing ID PW23051137

HOA Y/N No

Year Built 1929

Lot Size 7,527 Sqft

Acres 0.1728

Property Description

527 W. 3rd Street is a 36-unit apartment asset in prime Downtown Long Beach. The property features a mix of four (4) 1BD / 1 BA, (27) studios, and five (5) micro studios. Many of the units have been renovated with designer fixtures and finishes, including new countertops, cabinetry, tile and flooring in the kitchens and bathrooms, stainless steel appliances and lighting. The secured access building offers a bright, spacious entryway, new carpet and paint in hallways, and on-site laundry facilities. With its prime West Gateway location, the property provides convenient access to the newly redesigned Lincoln Park, an integral part of the 22- acre, $520 million Civic Center redevelopment project. The Long Beach Civic Center Master Plan includes a 270,000-square-foot City Hall, 93,500-square-foot landmark Main Library, updated bike/bus/Metro Blue Line transit system, design guidelines for 800 residential units, and vibrant amenities across the revitalized Downtown area. 527 W. 3rd Street presents a new buyer with a beautifully renovated asset in a highly desirable Long Beach location at 12.89 GRM on actual rents.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Zoning LBPD30

Interior

Laundry Common Area

Exterior

Pool None

Community Features Sidewalks

Private Pool No

Building

Lot Description 36-40 Units/Acre

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Special Listing Condition Standard

Confidential INFO

TERMS 1031 Exchange,Cash,Cash To New Loan

LIST AGRMT Exclusive Right To Sell

LIST SERVICE Full Service

SHOW CONTACT TYPE None

SHOW INSTRUCTIONS DRIVE BY ONLY. PLEASE DO NOT DISTURB TENANTS. OFFER SUBJECT TO INSPECTION. Please email rstepp@steppcommercial.com for offering memorandum.

Listed by Keller Williams - Santa Monica

Candice Blair

Broker Associate | License ID: 01395953 ‌

+1(949) 466-0620

GET MORE INFORMATION

QUICK SEARCH