2930 E 3rd

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2930 E 3rd

Long Beach, CA 90814
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located at 2930 E 3rd in Long Beach.
  • The residential property consists of 8 total rental units.
  • Positioned within a dense coastal Southern California real estate market.
  • The site coordinates are situated at 33.7678, -118.1573.
  • An apartment asset offering potential for portfolio expansion in California.

What's Special

Long Beach serves as a major economic hub within the Greater Los Angeles area, characterized by its coastal location and dense urban layout. This multifamily apartment building, situated at 2930 E 3rd, benefits from the sustained rental demand typical of this established Southern California market. The property consists of 8 units, providing an opportunity for investors to acquire a residential asset in a well-connected coastal neighborhood. Its scale and configuration make it a suitable candidate for those looking to manage a mid-sized apartment portfolio in a region with consistent population growth. Residents here enjoy proximity to local transit corridors and the diverse amenities associated with the surrounding urban environment, supporting stable occupancy potential for the asset.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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