SOLD 04/16/2024
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Commercial sold for $4,300,000 in 128 days
535 W 3rd St Long Beach, CA, 90802
Off the market Other
535 West 3rd Street is a 16-unit apartment building in Long Beach, California. This property is located right in the hustle and bustle of flourishing Downtown Long Beach across from the Governor George Deukmejian Courthouse and conveniently near dining, retail, and entertainment (WalkScore: 91). The building is a 1964 construction with a desirable mix of 13 two-bed/two-bath units and three one-bed/one-bath units, garage and tandem driveway parking, balconies, and on-site laundry. Excitingly, four ADU’s are approved and RTI. Meanwhile, existing rents offer a new investor 15 percent rental upside. Assumable financing is available at 3.2% fixed rate with five years remaining, one of which is interest-only; the remaining loan balance is approximately $2.5 Million. This asset is offered as part of a portfolio of Long Beach apartment buildings that range from eight to 52 units. Properties available separately or together.
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Property details
12,506 sqft interior area
Land area
7,458 sqft (0.17 acres)
Address
535 W 3rd St, Long Beach, CA, 90802
City of California
Long Beach
County
Los Angeles
Previous price
$4,500,000
Year Built
1964
District
Listing
Nearby major retailers
Costco
Trader Joe's
Mercedes-Benz
Albertsons
Toyota
Walmart Supercenter
T-Mobile
Wholesale: 1
Supermarket: 4
Car: 1
Car repair: 1
Mobile phone: 1
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Listed by
Steven Bogoyevac, Steven M. Bogoyevac, Broker
Name
Steven Bogoyevac
License number
01332755
Brokerage company
Steven M. Bogoyevac, Broker
MLS #
CRPW23224434
Buyer agent
Name
Steven Bogoyevac
Brokerage company
Steven M. Bogoyevac, Broker
Payment calculator
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Mortgage
$13,202
Taxes
$0
HOA dues
$0
Mortgage
$860,000 / 20%
2.28%
30 years
Your amount
$13,202 / month
Lot details
TMK #7278022038
Lot Description
Other
Parcel nr.
7278022038
90802 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
—
no data
Bus stop
—
no data
Supermarket
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no data
Costco
—
no data
Hospital
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no data
Park
—
no data
Beach
—
no data
Elementary school
—
no data
Middle school
—
no data
High school
—
no data
Local airport
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no data
People living in 90802
44%
Families with children
National average: 39%
49%
Non family households
284,614
Population
$78,661
Average Income
Age & gender
Median age 34 years
More info
Commute types
78% commute by car
More info
Education level
21% have not graduated education
More info
Number of employees
3% work in education and healthcare
More info
Vehicles available
49% have 1 vehicle
More info
Vehicles by gender
49% have 1 vehicle
More info
Housing market insights for
$869.45k
Neighborhood average
sales price*
sales price*
$635.83k
Neighborhood median
sales price*
sales price*
440
Number
of sales*
of sales*
Housing type
34% are small apartments
More info
Rooms
39% of the houses have 4 or 5 rooms
More info
Bedrooms
45% have 2 or 3 bedrooms
More info
Owners vs Renters
74% are renters
More info
12.83 / 20
Above Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Sold Apr 16, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Apr 16, 2024 | Sold | $4,300,000 | 0 | Public Record |
| Mar 27, 2024 | Pending | $4,300,000 | 0 | MLS #CRPW23224434 |
| Jan 31, 2024 | Price Decrease | $4,300,000 -4.44% | 0 | MLS #CRPW23224434 |
| Dec 11, 2023 | New Listing | $4,500,000 | 0 | MLS #CRPW23224434 |
Taxes of 535 W 3rd St, Long Beach, CA, 90802
LBPD zoning / MLS #CRPW23224434
Zoning
LBPD
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Frequently Asked Questions about 535 W 3rd St
What is 535 W 3rd St?
535 W 3rd St is a Commercial/Industrial propertywith 12,506 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
535 W 3rd St, Long Beach, CA, 90802.
What comparable properties are nearby?
Comparable nearby commercial properties include 338 Cedar Ave, 433 W 7th St, 914 N Loma Vista Dr, 1059 Pacific Ave, 1151 Daisy Ave, 1217 Cedar Ave.
Based on information from the bridgeMLS as of 05-12-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: Apr 16, 2024
Verhouse Last checked less than a minute ago
The closest grocery stores are El Super, 0.6 miles away and Superior Grocery, 0.81 miles away.
The 90802 zip area has a population of 284,614, and 44% of the families have children. The median age is 34.59 years and 78% commute by car. The most popular housing type is "small apartment" and 74% is renter.
