545 W 3rd St, Long Beach, CA 90802

545 W 3rd St, Long Beach, CA 90802

Long Beach, CA
$2,500,000

Property Description

Prime investment opportunity. Large 4 Unit Complex in Downtown Long Beach directly across from the Gov. George Deukmejian Courthouse. Each unit is 3 bedroom & 2.5 bathroom, measuring an estimated 1,340/square feet each. 12 space parking lot in rear. The property was completely remodeled in 2004. PD30 Zoning with potential for future high-density multifamily development; up to 240 feet in height potential.

Property Features

  • Sale Price: $2,500,000
  • Area Size: 5,440 SF
  • Land Area: 7,502 SF
  • Year Built: 1911
  • Listing Date: 7/8/2020
  • Units: 4
  • Price Per Unit: $625,000
  • Current NOI: $78,200

Lyon Stahl Investment Real Estate

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