$1,695,000

1421 E 3rd, Long Beach, CA 90802

4 beds |
4 baths

Multi-Family Home
Built in ——
8,337sqft lot
—— car garage
$——/sqft
Listed 26 days ago

Property Description

Investor/Developer Opportunity in Prime Alamitos Beach! Welcome to 1421-1427 E. 3rd Street, a rare opportunity to own a well-maintained fourplex in the heart of Long Beachs highly sought-after Alamitos Beach neighborhood. Just blocks from the ocean, vibrant Retro Row, and bustling Downtown Long Beach, this property offers the perfect blend of location, cash flow, and development potential. Each of the four spacious units is approximately 1,110 square feet and offers a comfortable and functional layout with large living rooms, separate dining areas, hardwood floors, and abundant natural light. The two downstairs units feature charming outdoor front porches directly off the living roomperfect for relaxing or entertaining. The two upstairs units each include a bonus room/den ideal for a home office, though technically recorded as two-bedroom units per title, the second room does not function as a true bedroom. All units include in-unit washer/dryer hookups and the property is separately metered for gas, electricity, and trashtenants pay their own utilities, while the owner pays for water. Situated on an oversized 8,337 SF lot, the property includes 8 surface parking spacesa valuable amenity in this high-demand neighborhood. With generous lot size and favorable zoning, there's potential to add up to 4 ADUs (buyer to verify), creating an 8-unit income-producing property. Whether you're an investor seeking stable income and long-term upside, or a developer looking to maximize value through expansion, this property offers incredible potential in one of Long Beachs strongest rental

Listing Status:: Active
Listing Office:: Pabst, Kinney & Associates : 562-987-3244
Listing Agent:: Spencer Pabst : 562-884-6875
MLS ID:: PW25239232

Heating: Floor Furnace

Pool: N/K

General: 2 Story

Originating MLS: California Regional MLS
County: Los Angeles

Zoning: Assessor7275008022

Source: California Regional MLS

This listing courtesy of Spencer Pabst, Pabst, Kinney & Associates

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Burbank Elementary School

501 Junipero Ave, Long Beach, CA, 90814

Grades KG-5

0.57 miles away

Franklin Classical Middle School

540 Cerritos Ave, Long Beach, CA, 90802

Grades 6-8

0.34 miles away

Renaissance High School for the Arts

235 E 8th St, Long Beach, CA, 90813

Grades 9-12

1.06 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.