3243 E 10th St - Apartments FOR SALE


Long Beach, CA 90804- Eastside Long Beach
$1,700,000 USD
714-713-9086
3243 E 10th St, Long Beach, CA for Sale
$1,700,000 USD
Apartments - FOR SALE
1/12
null | 5.56% Cap Rate

3243 E 10th St
Long Beach, CA 90804
Eastside Long Beach


HIGHLIGHTS

  • Diverse Unit Mix Featuring Studio, One, & Two-Bedroom Floor Plans
  • Well Maintained Building Featuring Dual- Pane Windows | Central Courtyard & Security Doors
  • Garage & Surface Parking, Providing an Additional Revenue Stream | On-Site Laundry Facility, an In-Demand Rental Amenity
  • Within Walking Distance of Everyday Needs at Belmont Center
  • Just over 0.75 Miles from the Retail, Dining, & Entertainment Options at Retro Row
  • 0.80 Miles from an Abundance of Outdoor Activities Located at Recreation Park

OVERVIEW

The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present 3243 East 10th Street, an 8-unit multifamily investment opportunity located in Long Beach, CA. 3243 East 10th Street offers an attractive mix of studio, one, and two-bedroom floor plans, which helps the property appeal to a diverse renter pool. Additionally, the well-maintained property features a central courtyard, dual-pane windows, and security doors, as well as income-producing amenities including an on-site laundry facility 1, surface parking space, and 3, garage parking spaces. Resident’s enjoy the property’s walkable access to the Food 4 Less and Rite Aid anchored Belmont Center, at the intersection of Anaheim Street and Obispo Avenue. Additionally, 3243 East 10th Street benefits from its optimal central Long Beach location, providing convenient access throughout the city. The property places residents a short drive away from Woodrow Wilson High School, Recreation Park, Retro Row, and an abundance of Long Beach’s most popular beaches. Furthermore, 3243 East 10th Street is within 2 miles of California State University, Long Beach and the Veteran Affairs Medical Center, two of the city’s premier employers with a combined total of over 7,000 employees, according to Long Beach’s 2023 Annual Comprehensive Financial Report. In summary, 3243 East 10th Street’s fantastic location offers residents a wide variety of activities, employment, transportation, and retail amenities, all of which will attract a diverse renter pool. With substantial upside and strong rental metrics, 3243 East 10th Street represents an attractive opportunity for a new owner seeking well located units. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$374 USD /SF

# OF UNITS

8

PRICE/UNIT

$212,500

CAP RATE

5.56%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

R4RLB

APN/PARCEL ID

7258-005-030

ASK ABOUT THIS PROPERTY

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.