3020 East 3rd Street

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3020 East 3rd Street

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 available for purchase in Long Beach
  • Asset situated at 3020 East 3rd Street in the 90814 area
  • Located within the dynamic and expansive Southern California rental market
  • Close proximity to the major economic engine of the regional port
  • Well-positioned to attract tenants valuing coastal Southern California lifestyle access

What's Special

This apartment building located at 3020 East 3rd Street in Long Beach, California, presents a multifamily investment in a high-demand coastal market. The property sits within the 90814 zip code, an area known for its proximity to the Pacific Ocean and consistent rental demand driven by the robust Southern California economy. Long Beach serves as a major commercial hub with a diverse employment base ranging from international trade at the Port of Long Beach to various healthcare and professional service sectors. Investors looking to capitalize on urban multifamily assets will find this location well-suited for attracting a stable tenant base. The surrounding neighborhood provides residents with access to local beaches, retail centers, and essential infrastructure, making it a desirable residential corridor within the Los Angeles metro area. This asset represents a straightforward addition to a rental portfolio seeking geographical diversity and the long-term potential inherent in stable California coastal submarkets.

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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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