3009 E 3rdLong Beach, CA 90814

Description

We are pleased to present 3009 East 3rd Street, a seven-unit multifamily property located in the highly desirable Bluff Heights neighborhood of Long Beach, California. The property features seven one-bedroom/one-bathroom units averaging approximately 593 square feet, totaling 4,148 square feet of building area on a 4,356-square-foot lot. Recent capital improvements include three renovated units, dual-pane vinyl windows, upgraded electrical systems, fresh exterior paint completed in 2026, updated signage, enhanced landscaping, and refreshed laundry facilities. Generating nearly $14,000 in monthly income, the property offers investors strong in-place cash flow with approximately 15% additional rental upside. Its prime Bluff Heights location provides convenient access to the vibrant dining, shopping, and entertainment along Retro Row and Belmont Shore's 2nd Street, as well as local beaches, bike paths, and coastal recreation. With its desirable coastal location, strong existing rental income, and manageable seven-unit configuration, 3009 East 3rd Street presents an attractive investment opportunity in one of Long Beach's most sought-after rental markets.

Property Information

Property type

Residential Income

Sub-type

Mixed Use

Year built

1950

Stories

2

Building area

4,148 Sq Ft

Lot size

0.10 acres

Days on market

5

MLS^® Listing#

SB26237657

Property Features

Appliances

Dryer · Washer

Pool

None

Laundry

Common Area

Community

Curbs · Sidewalks

Sewer

Public Sewer

Water source

Public

Parcel number

7257022013

Directions

One lot east from the intersection of Orizaba Ave and E 3rd Street.