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Sold on 10/26/2022
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1527 E 3rd St, Long Beach, CA 90802

$1,370,000

Last sold 10/26/2022 for $2.87M

  • —

    bed

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    bath

Multi-family not for sale
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About 1527 E 3rd St

Property type Multi-family
Neighborhood
Year built 1926
HOA fee $0/month
Lot size 8,362 Sqft
Movoto estimate
Rental estimate
Property description
• True Pride-of-Ownership Legacy Asset: Built in 1926 • Two Separately Parceled Triplexes, Providing Flexible Entry and Exit Strategies • Six Spacious Two-Bedroom Units: Average Unit Size Over 1,000 Square-Feet • Amenities That All Tenants Value: Synergized Outdoor Space, Washers & Dryers in Each Unit and Private Parking • Three Blocks from the Beach & Bixby Park: The Cultural Hub of Alamitos Beach • 91 Walk Score – “Walker’s Paradise” & 91 Bike Score – “Biker’s Paradise” • Ability to Add Two Additional ADU Units to Increase Value for a New Investor
Listed by
Listing Agent - Kevin King
Listing Office - Marcus & Millichap
Source: CRMLS mls logo
MLS#PW22106537 • last updated 4 years ago
Movoto checked CRMLS for data 5 minutes ago
Overview
Type Residential Income
Status Closed
Lot Size (Acres) 0.192
Lot Size (SqFt) 8362
Year Built 1926
Interior
Laundry None
Exterior
Building Area Square Feet, 6362
# Carport Spaces 6
# Parking Spaces 6
Lot Description 6-10 Units/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Curbs, Gutters, Sidewalks
Subdivision Alamitos Beach (AB), Alamitos Beach (AB)
Zoning LBR3S
Directions Go East On 3rd, Past Walnut Ave, Property On Right
APN 7275008014
Multifamily Details
Vacancy Allowance 5033
Expense: Trash 300
Operating Expense 53798
Expense: Insurance 3550
Total Expenses 53798
Expense: Maintenance 4500
Expense: Water/ Sewer 300
Gross Income 162739
Gross Operating Income 162739
Expense: Electric 300
Gross Scheduled Income 167772
Expense: Fuel 300
Expense: Gardener 600
$1.37M
Range: $945K-$1.79M
Last 30 days 
Rental est.: $1,254/month
Gross rent multiplier: 191.1
  • Oct 2022
    Public Records
  • Oct 26, 2022 Sold
    $2,825,000 (-1.7%)
  • Oct 2022
    mls logo MLS # PW22106537
  • Oct 26, 2022 Sold
    $2,875,000 (-4.0%)
  • Sep 13, 2022 Pending
    —
  • Jul 5, 2022 Price Change
    $2,995,000 (-10.6%)
  • May 20, 2022 Listed
    $3,350,000 (+109.4%)
  • Feb 2017
    Public Records
  • Feb 24, 2017 Sold
    $1,600,000
  • Year Property taxes Tax assessment
  • 2024
    $18,826 +3.0%
    $1,440,750
  • 2023
    $18,274 +64.9%
    $1,440,750 +2.0%
  • 2022
    $11,083 +2.1%
    $1,412,500 +64.67%
  • 2021
    $10,855 +0.3%
    $857,759 +1.04%
  • 2020
    $10,826 +4.2%
    $848,965 +2.0%
  • 2018
    $10,391 +118.2%
    $832,320 +139.89%
  • 2017
    $4,762 +7.9%
    $346,956 +2.0%
  • 2016
    $4,415 +4.0%
    $340,154
  • 2015
    $4,246
    —
  • 1527 E 3rd St
    $2.87M
  • Franklin School
    $495K +25% y/y
  • 90802
    $458K -8% y/y
  • Long Beach
    $699K 0% y/y
No chart available
Statistics calculated by Movoto

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8/10
Burbank 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.

Around Franklin School

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/3/2026. 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.
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