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Sold on 02/16/2024
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3819 E 2nd St, Long Beach, CA 90803

$4,715,000

Last sold 02/16/2024 after 291 Days

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    bed

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Multi-family not for sale

About 3819 E 2nd St

Property type Multi-family
Neighborhood
Year built 1969
HOA fee $0/month
Lot size 7,476 Sqft
Parking 2 garage spaces
Rental estimate
Property description
For sale, for the first time since originally built in 1969, La Orleans, located at 3819 E. 2nd St. This 4-story multi family property in Long Beach, features 12 extremely large apartments, with a healthy unit mix of one, two, and three bedroom units. This turnkey property boasts a prime location within the well sought after neighborhood of Belmont Heights, walking distance to the beach and all of the boutiques, restaurants and amenities of 2nd St. The building recently underwent major renovations to the exterior of the property and to each of the twelve units, which are all now updated. The property’s oversized units lend themselves well to a potential condo conversion as well. It is elevators served with two stairwells and features covered parking for each of the units. The property owner can also collect extra income from the on-site laundry facility on the ground floor. The spacious floor plans offer ample living space, while the stylish finishes and ocean and mountain views create an atmosphere of luxury and comfort. Residents will appreciate the remodeled units, private balconies, new flooring, and well-appointed bathrooms, all of which contribute to the overall aesthetic and livability of the property. Overall, 3819 E. 2nd St. represents an excellent opportunity for investors who want to acquire a well-maintained, updated multifamily property in one of Long Beach’s most desirable neighborhoods. With its prime location, modern upgrades, and excellent rental history, the property is sure to attract high-quality tenants and generate strong returns for years to come. Do not miss out on this rare opportunity to own a piece of Long Beach real estate that truly has it all.
Listed by
Listing Agent - William Hugron
Listing Agent Contact: 714-356-7823
Listing Office - Ashwill Associates
Source: CRMLS mls logo
MLS#PW23084453 • last updated 2 years ago
Movoto checked CRMLS for data 3 minutes ago
Overview
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.1716
Lot Size (SqFt) 7476
Year Built 1969
Interior
Interior Features 2 Staircases
Exterior
Building Area Square Feet, 14193
Roof Flat
Parking Carport, Attached Carport, Garage - Single Door
# Carport Spaces 12
# Parking Spaces 14
# Garage Spaces 2
Lot Description 11-15 Units/Acre
Amenities / Utilities
Fireplaces None
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Waterfront Ocean Side Of Highway 1
Community Features Biking, Curbs, Dog Park, Fishing, Golf, Gutters, Watersports, Sidewalks, Storm Drains, Street Lights, Urban
Subdivision Belmont Heights (BH), Belmont Heights (BH)
Directions On 2nd St. Between Grand Ave. And Mira Mar Ave.
APN 7256008023
Multifamily Details
Expense: Trash 4800
Operating Expense 137796
Expense: Insurance 18000
Total Expenses 94590
Expense: Maintenance 341
Expense: Water/ Sewer 7200
Gross Income 449040
Expense: Electric 8400
Gross Scheduled Income 449040
Expense: Gardener 1200
Rental est.: $1,668/month
Gross rent multiplier: 235.6
  • Feb 2024
    mls logo MLS # PW23084453
  • Feb 16, 2024 Sold
    $4,715,000
  • Feb 12, 2024 Pending
    —
  • Nov 2, 2023 Price Change
    $6,500,000 (+8.4%)
  • Oct 30, 2023 Listed
    $5,999,000 (-7.7%)
  • Aug 23, 2023 Price Change
    $6,500,000 (-7.1%)
  • Jul 10, 2023 Listed
    —
  • Jun 19, 2023 Active
    —
  • Jun 6, 2023 Price Change
    $7,000,000 (-6.7%)
  • May 1, 2023 Listed
    $7,500,000
  • Feb 2024
    Public Records
  • Feb 16, 2024 Sold
    $4,715,000 (-27.5%)
  • Year Property taxes Tax assessment
  • 2024
    $11,110 +1.9%
    $680,028
  • 2023
    $10,907 +5.9%
    $680,028 +2.0%
  • 2022
    $10,304 +3.1%
    $666,701 +4.04%
  • 2021
    $9,991 +0.3%
    $640,826 +1.04%
  • 2020
    $9,958
    $634,259
  • 3819 E 2nd St
    $4.71M
  • 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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Source: GreatSchools.org © 2026. All rights reserved.

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