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Sold on 05/10/2024
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3656 E 2nd St, Long Beach, CA 90803

$2,200,000

Last sold 05/10/2024 after 41 Days

  • —

    bed

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    bath

Multi-family not for sale

About 3656 E 2nd St

Property type Multi-family
Neighborhood
Year built 1925
HOA fee $0/month
Lot size 7,496 Sqft
Parking 4 garage spaces
Rental estimate
Property description
Introducing our newest listing, 3656 E. 2nd St, affectionately known as "The Navy." This distinguished 8-unit building, boasting spacious one-bedroom residences, stands as a testament to old-world charm. Each unit exudes character with original wood floors, hardware, and doors, creating a timeless appeal. Upon arrival, guests are welcomed by dual staircases leading to four units on each level. The property offers a private rear yard, providing a tranquil retreat amidst urban living, complemented by four garages accessible via the alley. Nestled in the coveted rental market of Belmont Heights, "The Navy" epitomizes a desirable lifestyle. With an impressive walk score of 89, residents enjoy convenient access to the beach, grocery stores, and an array of shops and restaurants along 2nd St and Broadway. Offered at an enticing $275,000 per door, this investment opportunity presents exceptional value. Additionally, the adjacent property, 3650 E. 2nd, is also available for sale, offering investors the possibility of consolidating investments for added strategic advantage. Don't miss the chance to own a piece of history while securing a lucrative investment in one of Belmont Heights' most sought-after locations. Contact us today to seize this opportunity!
Listed by
Listing Agent - Juan Huizar
Listing Agent Contact: 562-307-0838
Listing Office - Sage Real Estate
Source: CRMLS mls logo
MLS#PW24063002 • last updated 2 years ago
Movoto checked CRMLS for data 5 minutes ago
Overview
Levels/Style One
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.1721
Lot Size (SqFt) 7496
Year Built 1925
Interior
Laundry Common Area
Exterior
Building Area Square Feet, 7308
Parking None
# 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)
Zoning LBR4R
Directions 2nd Street And Euclid
APN 7256005009
Multifamily Details
Tenant Pays Electricity
Vacancy Allowance Rate 3
Vacancy Allowance 4689
Expense: Trash 2933
Operating Expense 64057
Cap Rate 3.98
Expense: Insurance 8578
Total Expenses 64057
Expense: Water/ Sewer 5200
Gross Income 156300
Gross Operating Income 151611
Expense: Electric 1952
Gross Multiplier 14.08
Gross Scheduled Income 156300
Expense: Fuel 2600
Expense: Gardener 1680
Rental est.: $1,838/month
Gross rent multiplier: 99.7
  • May 2024
    mls logo MLS # PW24063002
  • May 10, 2024 Sold
    $2,200,000
  • Apr 5, 2024 Active
    —
  • Mar 30, 2024 Listed
    $2,200,000
  • May 2024
    Public Records
  • May 10, 2024 Sold
    $2,200,000
  • Year Property taxes Tax assessment
  • 2024
    $17,909 +1.8%
    $1,307,127 +2.0%
  • 2023
    $17,601 +6.4%
    $1,281,515
  • 2022
    $16,544 +2.3%
    $1,281,515 +4.04%
  • 2021
    $16,177 +0.3%
    $1,231,787
  • 2020
    $16,133
    $1,231,787
  • 3656 E 2nd St
    $2.2M
  • 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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