3656 E 2nd Street, Long Beach, CA 90803

$2,200,000
List Price
$2,200,000
Status
ACTIVE UNDER CONTRACT
MLS#
PW24063002
Year Built
1925
Lot Size
7,496
Acres
0.17
Lot Location
0-1 Unit/Acre
Days on Market
17
Property Type
Multifamily
Property Sub Type
Apartment
Stories
One Level
Neighborhood
Belmont Heights (Bh)

Property Description

Introducing our newest listing, 3656 E. 2nd St, affectionately known as "The Navy." This distinguished 8-unit building, boasting spacious one-bedroom residences, stands as a testament to old-world charm. Each unit exudes character with original wood floors, hardware, and doors, creating a timeless appeal. Upon arrival, guests are welcomed by dual staircases leading to four units on each level. The property offers a private rear yard, providing a tranquil retreat amidst urban living, complemented by four garages accessible via the alley. Nestled in the coveted rental market of Belmont Heights, "The Navy" epitomizes a desirable lifestyle. With an impressive walk score of 89, residents enjoy convenient access to the beach, grocery stores, and an array of shops and restaurants along 2nd St and Broadway. Offered at an enticing $275,000 per door, this investment opportunity presents exceptional value. Additionally, the adjacent property, 3650 E. 2nd, is also available for sale, offering investors the possibility of consolidating investments for added strategic advantage. Don't miss the chance to own a piece of history while securing a lucrative investment in one of Belmont Heights' most sought-after locations. Contact us today to seize this opportunity!

Additional Information

Pool Description
None
Garage Spaces Total
4
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Number Of Units Total
8
Gross Scheduled Income
$156,300
Operating Expense
64057

Listing courtesy of Listing Agent: Juan Huizar (juan@sageregroup.com) from Listing Office: Sage Real Estate.

Mortgage Calculator

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.