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702 E 3rd, Long Beach, CA 90802

$1,300,000
•
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    bed

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    bath

Multi-family for sale 3 hours
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About 702 E 3rd

Property type Multi-family
Neighborhood
Year built 1919
HOA fee $0/month
Lot size 2,503 Sqft
Movoto estimate
Rental estimate
Property description
This 4-unit is fantastic for a long-term owner who wants a piece of Downtown Long Beach! This well-located bread and butter 4-unit is located in the East Village Arts District of Downtown Long Beach and has 4 large 2BD/1BA units and a common area laundry room for tenants. This property is ideally located for tenants, being within walking distance to grocery stores, trendy restaurants, coffee shops, and nightlife. It's a relatively low maintenance building with spacious units and minimal landscaping. Considering 60% of households within 5 miles are renters and the walk score of 97/100, this is an ideal investment for an owner looking for a stable and consistent tenant base. Don't hesitate to reach out!
Listed by
Listing Agent - Malcolm Zeger
Listing Agent Contact: 626-483-7983
Listing Office - Buckingham Investments, Inc
Source: CRMLS mls logo
MLS#SB26222401 • last updated 10 hours ago
Movoto checked CRMLS for data 8 minutes ago
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Overview
Type Residential Income
SubType Apartment
Status Active
Lot Size (Acres) 0.0575
Lot Size (SqFt) 2503
Year Built 1919
Interior
Laundry Common Area
Exterior
Building Area Square Feet, 3264
Lot Description Rectangular Lot, 2-5 Units/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Street Lights, Urban, Sidewalks
Subdivision Downtown (DT), Downtown (DT)
Directions Southeast Corner Of Lime And 3rd St.
APN 7281013001
Multifamily Details
Vacancy Allowance Rate 5
Expense: Trash 775
Laundry Income 480
Operating Expense 35736
Cap Rate 4
Expense: Insurance 4000
Total Expenses 35736
Expense: Water/ Sewer 775
Gross Income 480
Gross Operating Income 88235
Expense: Electric 775
Gross Multiplier 14
Gross Scheduled Income 92374
Expense: Fuel 775
Expense: Gardener 1440
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5/10
Stevenson 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.

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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 10/13/2026. 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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