16
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$2,795,000
Est. payment /mo
7,501 Sqft Lot
Pending
2930 E 3rd Long Beach, CA 90814
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Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Pending
Purchase Type For Sale
Subdivision Bluff Park (Blf)
MLS Listing ID PW26080939
HOA Y/N No
Year Built 1931
Lot Size 7,501 Sqft
Property Sub-Type Apartment
Property Description
Charming Spanish-style 8-unit building located in the highly desirable and historic Bluff Heights neighborhood of Long Beach. Built in 1931, 2930 E. 3rd Street offers 7,025 square feet on a 7,502 square foot lot, featuring an attractive unit mix of (4) two-bedroom, one-bath units and (4) one-bedroom, one-bath units, along with five single-car garages.
Seven of the eight units were thoughtfully upgraded between 2016–2018 with modern kitchens and bathrooms, including new cabinetry, quartz countertops, and custom tile. The property retains its original charm with hardwood floors, faux fireplaces, plaster moldings, built-ins, and classic wood windows.
Major system improvements include updated plumbing with new hot and cold water lines and a new main sewer line (2016–2017).
With strong in-place income of $19,045 per month, the property provides immediate cash flow in a premier coastal rental market. The five garages also offer potential for ADU conversion, creating additional upside.
A rare opportunity to acquire a well-maintained, character-rich asset in one of Long Beach's most sought-after neighborhoods, offering both stable income and long-term appreciation potential.
Seven of the eight units were thoughtfully upgraded between 2016–2018 with modern kitchens and bathrooms, including new cabinetry, quartz countertops, and custom tile. The property retains its original charm with hardwood floors, faux fireplaces, plaster moldings, built-ins, and classic wood windows.
Major system improvements include updated plumbing with new hot and cold water lines and a new main sewer line (2016–2017).
With strong in-place income of $19,045 per month, the property provides immediate cash flow in a premier coastal rental market. The five garages also offer potential for ADU conversion, creating additional upside.
A rare opportunity to acquire a well-maintained, character-rich asset in one of Long Beach's most sought-after neighborhoods, offering both stable income and long-term appreciation potential.
Location
State CA
County Los Angeles
Area 2 - Belmont Heights, Alamitos Heights
Interior
Heating Wall Furnace
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Sidewalks
Total Parking Spaces 5
Private Pool No
Building
Lot Description Rectangular Lot
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7257025012
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Listed by Spencer Pabst Pabst, Kinney & Associates 562-884-6875, DRE #01849377
NEARBY SCHOOL & BUSINESS
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