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Listed by: Steven Bogoyevac (562) 257-1231 DRE #01332755 | Steven M. Bogoyevac, Broker (562) 436-5800
$10,495,000
5 Beds
- 5 Baths
--sqft
1212 E 3Rd, Long Beach, CA 90802
$10,495,000
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Mixed Use
Built in 1957
$-- HOA
16,529 sqft lot
--/sqft
Description
The Cadillac is a 36-unit apartment community situated on two contiguous parcels at 1212 and 1216 East 3rd Street in the highly desirable Alamitos Beach neighborhood of Long Beach, California. This well-located asset boasts 3 brand new ADU’s, 17 remodeled units, a stunning upgraded courtyard, and 11 percent rental upside. This offering represents a rare opportunity to acquire a scale asset in a premier coastal submarket with meaningful upside, recent capital improvements, and strong tenant demand fundamentals.
The asset consists of two buildings featuring a diverse unit mix of 18 studios, 15 one-bed/one-bath units, one two-bed/one-bath unit, and two two-bed/two-bath uni...
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1957
HOA Fees
-
Finished Area
- sqft
Lot Size
16,529 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
PW26062312
MLS Status
Active
Days on Market
69
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