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Sold on 12/22/2025
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1135 E 3rd St, Long Beach, CA 90802

$1,750,000

Last sold 12/22/2025 after 420 Days

  • —

    bed

  • —

    bath

Multi-family not for sale
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About 1135 E 3rd St

Property type Multi-family
Neighborhood
Year built 1923
HOA fee $0/month
Lot size 8,459 Sqft
Parking 1 garage spaces
Rental estimate
Property description
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.
Listed by
Listing Agent - Damien Breaux
Listing Agent Contact: Db@morganskenderian.com
Listing Office - Morgan Skenderian
Source: CRMLS mls logo
MLS#PW24222836 • last updated 10 months ago
Movoto checked CRMLS for data 5 minutes ago
Overview
Levels/Style Two
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.1942
Lot Size (SqFt) 8459
Property Tax 25036
Year Built 1923
Interior
Laundry Community
Exterior
Building Area Square Feet, 6715
# Parking Spaces 1
# Garage Spaces 1
Lot Description Lot 6500-9999
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Curbs, Gutters, Sidewalks
Subdivision Downtown (DT), Downtown (DT)
Zoning LBR3S
Directions North Of E. Broadway And East Of Alamtios Avenue
APN 7275005018
Multifamily Details
Vacancy Allowance 4976
Expense: Trash 2556
Laundry Income 2016
Operating Expense 52792
Cap Rate 5.84
Expense: Insurance 7407
Total Expenses 52792
Expense: Maintenance 8045
Expense: Water/ Sewer 2556
Gross Income 2016
Gross Operating Income 160899
Expense: Electric 2556
Gross Multiplier 11.15
Gross Scheduled Income 165876
Expense: Fuel 2556
Rental est.: $1,230/month
Gross rent multiplier: 118.6
  • Dec 2025
    mls logo MLS # PW24222836
  • Dec 22, 2025 Sold
    $1,750,000
  • Dec 10, 2025 Pending
    —
  • Dec 1, 2025 Listed
    —
  • Nov 24, 2025 Active
    —
  • Sep 22, 2025 Price Change
    $1,850,000 (-5.1%)
  • May 19, 2025 Price Change
    $1,950,000 (-7.1%)
  • Jan 30, 2025 Price Change
    $2,100,000 (-6.7%)
  • Oct 28, 2024 Listed
    $2,250,000 (+484.4%)
  • Dec 2025
    Public Records
  • Dec 19, 2025 Sold
    $1,750,000 (-5.4%)
  • Dec 2001
    Public Records
  • Dec 24, 2001 Sold
    $385,000
  • Year Property taxes Tax assessment
  • 2025
    $9,441 +4.9%
    $569,402 +2.0%
  • 2024
    $9,000 +2.0%
    $558,251 +2.0%
  • 2023
    $8,828 +6.0%
    $547,319
  • 2022
    $8,331 +2.8%
    $547,319 +4.03%
  • 2021
    $8,106 +0.3%
    $526,093
  • 2020
    $8,084
    $526,093
  • 1135 E 3rd St
    $1.75M
  • Franklin
    $534K +26% y/y
  • 90802
    $459K -8% y/y
  • Long Beach
    $699K 0% y/y
No chart available
Statistics calculated by Movoto

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5/10
Stevenson Elementary School
public Grades K-5
Long Beach Unified School District
6/10
Polytechnic High School
public Grades 9-12
Long Beach Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
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