Movoto Real Estate
Sold on 08/01/2024
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3056 E Broadway, Long Beach, CA 90803

$2,145,000

Last sold 08/01/2024 for $2.4M

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    bed

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    bath

Multi-family not for sale

About 3056 E Broadway

Property type Multi-family
Neighborhood
Year built 1936
HOA fee $0/month
Lot size 4,934 Sqft
Movoto estimate
Rental estimate
Property description
Beautiful 4-Plex nestled in the Historic Bluff Park neighborhood of Long Beach, CA, 3056 E Broadway presents a rare opportunity for investors seeking a meticulously maintained income-producing property just four blocks from the beach. Comprising four tastefully renovated 2-Bed/1-Bath units, this charming property boasts a prime location and exceptional condition. Each unit has been extensively remodeled, including kitchens, bathrooms, floors and paint. Bluff Park's desirable location offers tenants easy access to the beach, parks, dining and entertainment options, making these units highly desirable in Long Beach's thriving rental market. With its strong rental demand and proximity to the beach, this property promises consisted occupancy and rental income for investors. This asset is ideal for any investor or first time home buyer due to its offering of immediate returns and long-term appreciation. Bordering Belmont Shore and located in one of Long Beach's top rental markets, this truly is a one-of-a-kind building. It is just outside the $6B of development flooding into Downtown Long Beach, including the Long Beach Civic Center, Long Beach Aquarium, OceanAire Project, CSULB Downtown Village, Broadway Block, The Pacific and Queen Mary Island.
Listed by
Listing Agent - Aaron Jacobson
Listing Agent Contact: 310-729-1559
Listing Office - Lyon Stahl Investment Real Estate, Inc.
Source: CRMLS mls logo
MLS#SB24098190 • last updated 2 years ago
Movoto checked CRMLS for data 4 minutes ago
Overview
Levels/Style Two
Type Residential Income
SubType Quadruplex
Status Closed
Lot Size (Acres) 0.1133
Lot Size (SqFt) 4934
Year Built 1936
Interior
Laundry Inside
Exterior
Building Area Square Feet, 3820
# Uncovered Spaces 6
# Parking Spaces 6
Lot Description 0-1 Unit/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Biking, Dog Park, Hiking, Park, Watersports, Sidewalks
Zoning LBR2N
Directions Off Broadway And Redondo
APN 7264006057
Multifamily Details
Vacancy Allowance Rate 3
Operating Expense 40540
Cap Rate 4.96
Total Expenses 40540
Gross Income 164400
Gross Multiplier 14.6
Gross Scheduled Income 164400
$2.14M
Range: $1.84M-$2.44M
Last 30 days 
Rental est.: $1,668/month
Gross rent multiplier: 119.9
  • Aug 2024
    mls logo MLS # SB24098190
  • Aug 1, 2024 Sold
    $2,400,000
  • Jun 21, 2024 Active
    —
  • May 15, 2024 Listed
    $2,400,000 (+52.4%)
  • Aug 2024
    Public Records
  • Aug 1, 2024 Sold
    $2,400,000
  • Nov 2022
    Public Records
  • Nov 30, 2022 Sold
    $1,575,000
  • Nov 2022
    mls logo MLS # PW22235827
  • Nov 30, 2022 Sold
    $1,575,000 (+8.6%)
  • Nov 16, 2022 Pending
    —
  • Nov 5, 2022 Active
    —
  • Nov 2, 2022 Listed
    $1,450,000
  • Year Property taxes Tax assessment
  • 2024
    $20,819 +1.7%
    $1,606,500 +2.0%
  • 2023
    $20,470 +199.3%
    $1,575,000
  • 2022
    $6,840 +2.4%
    $1,575,000 +218.79%
  • 2021
    $6,681 +0.3%
    $494,055
  • 2020
    $6,663 +4.6%
    $494,055 +3.06%
  • 2018
    $6,370 +1.1%
    $479,403 +4.04%
  • 2017
    $6,303 +7.8%
    $460,789 +2.0%
  • 2016
    $5,847 +4.0%
    $451,755
  • 2015
    $5,622
    —
  • 3056 E Broadway
    $2.4M
  • Bluff Park
    $939K +22% y/y
  • 90803
    $1.09M -15% y/y
  • Long Beach
    $699K 0% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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  • 3056 E Broadway
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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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