3701 E Broadway - Apartments FOR SALE


Long Beach, CA 90803
$1,895,000 USD
310-490-8134
3701 E Broadway, Long Beach, CA for Sale
$1,895,000 USD
Apartments - FOR SALE
1/19
null | 4.59% Cap Rate

3701 E Broadway
Long Beach, CA 90803


HIGHLIGHTS

  • Incredible location - Belmont Heights!
  • Close proximity to Belmont Shore Second street! Close proximity to Ocean!
  • Townhome style living! Interior laundry room!
  • 8 onsite parking spaces!
  • Room to increase rents!
  • ADU potential - ADU Plans will be provided on request!

OVERVIEW

We are proud to present 3701 E. Broadway to the market! This spectacular Belmont Heights 4plex is located on the corner of Euclud and Broadway. Just a short stroll to the Ocean, Belmont Shore, wonderful local restaurants, shopping, incredible schools, parks and much more! The asset is comprised of two completely detached buildings (two duplexes) with an unbeatable unit mix (1. 3bd x 2bth - 1. 2bd x 2bth - 2. 1bd x 1bth) Situated on a large rectangular (6,509 SF) lot, both buildings are strategically positioned maximizing yard space. Building 1; town-home style living at its best, each unit is two story and has its own laundry, yard space, one garage with one additional parking space. Building 2; units are located above the garages, share a rear yard and laundry, each have their own garage and additional parking space. A prime asset to add an ADU. The current owner will provide all approved ADU plans to prospective buyer/s on acceptance. 4plex buildings are arguably the most sought after asset on the market today, this one won’t last long!

FOR SALE DETAILS

PRICE

$1,895,000 USD

PRICE/SF

$486 USD /SF

# OF UNITS

4

PRICE/UNIT

$473,750

CAP RATE

4.59%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,509 SF

ZONING

CNP, Long Beach

APN/PARCEL ID

7255-010-013

ASK ABOUT THIS PROPERTY

Cameron JacquesKinnery's Brokerage House and Elite PropertyMore Info
310-490-8134

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Cameron JacquesKinnery's Brokerage House and Elite PropertyMore Info
310-490-8134

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