$6,800,000
3020 E 3rd, Long Beach CA 90814
Multi-Family (15 Units)
Property type
78 days
On market
$705
Price per sqft
0 cars
Garage
2024
Year built
7,504 sqft
Lot size
Open Houses
Overview
Meet Bluff & Oak. With 12 of the 15 units fully rebuilt in 2024 and the remaining 3 delivered as 100% new construction in 2026, the property operates with a true new construction profile. The scope of work extended well beyond cosmetic upgrades and included full replacement of plumbing (waste lines, water lines, new main, backflow preventer), new individual water heaters, and...
Listing provided by: Matthew Firth DRE #01903073, Matthew Firth, Broker, Darren Moon DRE #01416390, Pacific Moon Real Estate
Listing updated: Apr 23, 2026 at 05:55pm.
Last checked: Jun 4, 2026 at 07:01pm
Source: CRMLS #PW26040896
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 2 | 0 | 1 | — | $2,200 | $4,400 | $2,200 | Unfurnished |
| 3 | 2 | 1 | — | $3,100 | $9,300 | $3,366 | Unfurnished |
| 10 | 1 | 1 | — | $2,667 | $26,670 | $2,750 | Unfurnished |
# of Buildings: 1
# of Units Total: 15
Separate Electric Meters: 15
Separate Gas Meters: 3
Separate Water Meters: 1
Rent Control: Yes
Tenant Pays: All Utilities
Financial Snapshot
Gross Rent Multiplier
14.0x
List Price / Annual Gross Rent
Cap Rate
5.16%
NOI / List Price
Gross Scheduled Income: $484,440
Vacancy Allowance Rate: 3%
Operating Expense: $118,927
Net Operating Income: $350,980
Annual Operating Expenses
Electric: $0
Gardener: $1,200
Fuel: $0
Insurance: $7,431
Maintenance: $6,500
New Taxes: $85,000
Professional Management: $18,796
Trash: $0
Water / Sewer: $0
Interior
Cooling: Ductless
Heating: Radiant
Appliances: Dryer, Washer
Laundry: Dryer Included, Washer Included
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 2
Levels: Two
Common Walls: Two Common Walls Or More
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 0
Parking Total: 0
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 7257028003
Additional Parcels: No
Tax Lot: 6
Tax Block: U
Subdivision: Belmont Heights (BH)
Community
Senior Community: No
Community Features: Urban
Nearby Schools
Nearby schools around the 3020 E 3rd, Long Beach, CA 90814. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$5,440,000
Total Interest
$6,938,420
Total Payment
$12,378,420
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$41,618
per month
Property History for 3020 E 3rd
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90814.
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