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527 W. 3rd Street is a 36-unit apartment asset in prime Downtown Long Beach. The property features a mix of four (4) 1BD / 1 BA, (27) studios, and five (5) micro studios. Many of the units have been renovated with designer fixtures and finishes, including new countertops, cabinetry, tile and flooring in the kitchens and bathrooms, stainless steel appliances and lighting. The secured access building offers a bright, spacious entryway, new carpet and paint in hallways, and on-site laundry facilities. With its prime West Gateway location, the property provides convenient access to the newly redesigned Lincoln Park, an integral part of the 22- acre, $520 million Civic Center redevelopment project. The Long Beach Civic Center Master Plan includes a 270,000-square-foot City Hall, 93,500-square-foot landmark Main Library, updated bike/bus/Metro Blue Line transit system, design guidelines for 800 residential units, and vibrant amenities across the revitalized Downtown area. 527 W. 3rd Street presents a new buyer with a beautifully renovated asset in a highly desirable Long Beach location at 12.89 GRM on actual rents.PROPERTY FEATURES
Sewer: Public Sewer
Water Source: Public
Lot Features: 36-40 Units/Acre
Parcel Identification Number: 7278022039
Year Built Source: Assessor
Common Walls: 2+ Common Walls
Laundry Features: Common Area
Laundry: Has Laundry
Zoning: LBPD30
MLSAreaMajor: 4 - Downtown Area, Alamitos Beach
PROPERTY DETAILS
Street Address: 527 W 3rd Street
City: Long Beach
State: California
Postal Code: 90802
County: Los Angeles
MLS Number: PW23051137
Year Built: 1929
Courtesy of Keller Williams - Santa Monica
City: Long Beach
State: California
Postal Code: 90802
County: Los Angeles
MLS Number: PW23051137
Year Built: 1929
Courtesy of Keller Williams - Santa Monica
Courtesy of Realty One Group West