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527 W 3rd Street

Long Beach, CA 90802

– beds
– baths
– sqft
7,525 sqft lot
1929 build
– on site

527 W. 3rd Street is a 36-unit apartment asset in prime Downtown Long Beach. The property features a mix of four (4) 1BD / 1 BA, (27) studios, and five (5) micro studios. Many of the units have been renovated with designer fixtures and finishes, including new countertops, cabinetry, tile and flooring in the kitchens and bathrooms, stainless steel appliances and lighting. The secured access building offers a bright, spacious entryway, new carpet and paint in hallways, and on-site laundry facilities. With its prime West Gateway location, the property provides convenient access to the newly redesigned Lincoln Park, an integral part of the 22- acre, $520 million Civic Center redevelopment project. The Long Beach Civic Center Master Plan includes a 270,000-square-foot City Hall, 93,500-square-foot landmark Main Library, updated bike/bus/Metro Blue Line transit system, design guidelines for 800 residential units, and vibrant amenities across the revitalized Downtown area. 527 W. 3rd Street presents a new buyer with a beautifully renovated asset in a highly desirable Long Beach location at 12.89 GRM on actual rents.

Listed By CRMLS_CA / Robert Stepp / Keller Williams - Santa Monica / 310-463-2916

Last checked: Checking… • Last updated Aug 31, 2024 •

MLS# PW23051137 —

The Building

Year Built:

1929
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

19935.00
Building Area Units:

Square Feet
Total Number Of Units:

36
# of Buildings:

1
Common Walls:

2+ Common Walls
# of Separate Gas Meters:

1
# of Separate Water Meters:

1
# of Separate Electric Meters:

1

Interior

Laundry:

Common Area
Laundry:

1

Location

Directions:

Magnolia Ave & W 3rd St
Latitude:

33.77081100
Longitude:

-118.19864000

The Property

Property Type:

Residential Income
Subtype:

Commercial/Residential
Zoning:

LBPD30
Lot Features:

36-40 Units/Acre
Lot Size Area:

7525.0000
Lot Size Acres:

0.1728
Lot Size SqFt:

7525.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

138
Tax Census Tract:

5759.01
Tax Tract:

5759
Tax Lot:

24

The Listing

Special Listing Conditions:

Standard
Parcel Number:

7278022039

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Subdivision:

Downtown (DT)
Subdivision:

Downtown (DT)
Features:

Sidewalks
Pool:

None
Senior Community:

No
Private Pool:

No

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
3/28/23 Mar 28, 2023	Listed / Active	CRMLS_CA	$8,700,000

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This multifamily located in Downtown Long Beach, Long Beach, CA 90802 is currently for sale for $8,700,000. 527 W 3rd Street is a – square foot multifamily with – beds and – baths that has been on Estately for 635 days. 527 W 3rd Street is in the Downtown Long Beach neighborhood of Long Beach and has a WalkScore® of 92, making it a walker’s paradise. This multifamily is in the attendance area of Chavez Elementary School, Washington Middle School, and Cabrillo High School.

Listing Courtesy of: CRMLS_CA and Keller Williams - Santa Monica. Based on information from California Regional Multiple Listing Service, Inc. as of 21:47 on Dec 22.

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.