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1518 E 3rd Street

Long Beach, CA 90802

– beds
– baths
– sqft
8,269 sqft lot
1964 build
– on site

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1518 E. 3rd Street is a 22-unit apartment complex located in prime Alamitos Beach, just three blocks to the ocean and bike path. The property offers a desirable mix of (19) one-bedroom and (3) two-bedroom units. Seventeen of the 22 units are fully renovated, including new flooring, modern kitchens and baths and upgraded fixtures throughout. A majority of remodeled apartments have in-unit washer/dryers and on-site laundry is available for the remaining units. The property is in close proximity to the hip boutiques, restaurants and bars along Fourth Street/Retro Row and along the Broadway Corridor. The neighborhood is also adjacent to East Village Arts District, Downtown Long Beach and a myriad of employment opportunities. According to Niche website, Alamitos Beach ranks as the number three of 47 Best Neighborhoods for Young Professionals. Rents in this submarket are 19% higher than other Long Beach submarkets, on average. 1518 E. 3rd Street is an attractive investment asset with rental upside potential in an outstanding Alamitos Beach location with historically low vacancy rates.

Listed By CRMLS_CA / Robert Stepp / Keller Williams - Santa Monica

Last checked: Checking… • Last updated Apr 17, 2025 •

MLS# PW19229471 —

The Building

Year Built:

1964
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

16428.00
Building Area Units:

Square Feet
Total Number Of Units:

22
# of Buildings:

1
Stories Total:

3
Common Walls:

2+ Common Walls
# of Separate Gas Meters:

1
# of Separate Water Meters:

1
# of Separate Electric Meters:

23

Interior

Levels:

Three Or More
Laundry:

Individual Room
Laundry:

1

Location

Directions:

E 3rd St & Cherry Ave
Latitude:

33.76929400
Longitude:

-118.17245700

The Property

Zoning:

LBR2N
Lot Features:

21-25 Units/Acre
Lot Size Area:

8269.0000
Lot Size Acres:

0.1898
Lot Size SqFt:

8269.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

130
Tax Census Tract:

5765.02
Tax Tract:

5765
Tax Lot:

3

The Listing

Special Listing Conditions:

Standard
Parcel Number:

7275012016

Heating & Cooling

Heating:

1
Heating:

Radiant

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Subdivision:

Alamitos Beach (AB)
Subdivision:

Alamitos Beach (AB)
Features:

Sidewalks, Urban
Pool:

None
Senior Community:

No
Private Pool:

No

Parking

Parking:

Yes
Parking:

Garage, Subterranean
Parking Spaces:

16.00
Garage Spaces:

2.00

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Sale history

Date	Event	Source	Price	% Change
12/8/20 Dec 8, 2020	Sold	CRMLS_CA	$6,600,000	-3.6%
10/13/20 Oct 13, 2020	Pending	CRMLS_CA	$6,850,000
7/30/20 Jul 30, 2020	Price Changed	CRMLS_CA	$6,850,000	-4.2%

Multifamily Sold on 12/8/2020

$6,600,000

Listing provided by broker:

Robert Stepp

Keller Williams - Santa Monica

Newest listings in Long Beach, CA

Similar sold homes

Listing Courtesy of: CRMLS_CA and Keller Williams - Santa Monica. Based on information from California Regional Multiple Listing Service, Inc. as of 23:47 on Jul 18.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

1518 E 3rd Street

Long Beach, CA 90802