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Sold on 05/08/2024
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3650 E 2nd St, Long Beach, CA 90803

$3,150,000

Last sold 05/08/2024 after 39 Days

  • —

    bed

  • —

    bath

Multi-family not for sale

About 3650 E 2nd St

Property type Multi-family
Neighborhood
Year built 1921
HOA fee $0/month
Lot size 8,259 Sqft
Parking 4 garage spaces
Rental estimate
Property description
Introducing "The Euclid," an exceptional garden-style building boasting 12 generously-sized one-bedroom units. This charming row-style building features 8 units on the first floor and 4 units on the second floor, offering a diverse layout to cater to various tenant preferences. Convenience meets functionality with storage facilities conveniently situated adjacent to the laundry room, ensuring tenants have ample space to organize their belongings. Adding to the appeal, four garages line the alley, providing secure parking for residents. Nestled in the coveted rental district of Belmont Heights, tenants relish the opportunity to indulge in the quintessential beach lifestyle. With a remarkable walkability score of 89, residents are mere moments away from the pristine shoreline, acclaimed eateries along 2nd Street, and the vibrant atmosphere of Broadway. Priced attractively at $275K per door, "The Euclid" presents an enticing investment opportunity. Additionally, the adjacent property at 3656 E. 2nd is also available for sale, offering prospective buyers the chance to expand their investment portfolio seamlessly. Don't miss the chance to own this gem in Belmont Heights—schedule a viewing of "The Euclid" today and secure your foothold in this thriving coastal community.
Listed by
Listing Agent - Juan Huizar
Listing Agent Contact: 562-307-0838
Listing Office - Sage Real Estate
Source: CRMLS mls logo
MLS#PW24062996 • last updated 2 years ago
Movoto checked CRMLS for data 5 minutes ago
Overview
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.1896
Lot Size (SqFt) 8259
Year Built 1921
Interior
Laundry Common Area
Exterior
Building Area Square Feet, 7581
# Parking Spaces 4
# Garage Spaces 4
Lot Description 0-1 Unit/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Sidewalks
Subdivision Belmont Heights (BH), Belmont Heights (BH)
Walk Score 89
Zoning LBR4R
Directions Euclid And 2nd Street
APN 7256005008
Multifamily Details
Tenant Pays Electricity
Vacancy Allowance Rate 3
Vacancy Allowance 6665
Expense: Trash 2932
Laundry Income 1675
Operating Expense 86270
Cap Rate 3.92
Expense: Insurance 12501
Total Expenses 86270
Expense: Water/ Sewer 3946
Gross Income 222175
Gross Operating Income 215510
Expense: Electric 840
Gross Multiplier 14.85
Gross Scheduled Income 222175
Expense: Fuel 3946
Expense: Gardener 1680
Rental est.: $1,668/month
Gross rent multiplier: 157.4
  • May 2024
    mls logo MLS # PW24062996
  • May 8, 2024 Sold
    $3,150,000
  • Apr 9, 2024 Active
    —
  • Mar 30, 2024 Listed
    $3,300,000
  • May 2024
    Public Records
  • May 8, 2024 Sold
    $3,150,000 (-4.5%)
  • Year Property taxes Tax assessment
  • 2024
    $30,306 +1.8%
    $2,262,691 +2.0%
  • 2023
    $29,781 +6.5%
    $2,218,360 +2.0%
  • 2022
    $27,968 +2.1%
    $2,174,899 +2.0%
  • 2021
    $27,381 +0.3%
    $2,132,290
  • 2020
    $27,309
    $2,132,290
  • 3650 E 2nd St
    $3.15M
  • Belmont Heights
    $759K -17% 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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6/10
6/10
Source: GreatSchools.org © 2026. All rights reserved.

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