$10,495,000
-$100,0001212 E 3rd, Long Beach CA 90802
Multi-Family (36 Units)
Property type
74 days
On market
$545
Price per sqft
0 cars
Garage
1957
Year built
16,529 sqft
Lot size
Open Houses
Overview
The Cadillac is a 36-unit apartment community situated on two contiguous parcels at 1212 and 1216 East 3rd Street in the highly desirable Alamitos Beach neighborhood of Long Beach, California. This well-located asset boasts 3 brand new ADU’s, 17 remodeled units, a stunning upgraded courtyard, and 11 percent rental upside. This offering represents a rare opportunity to acquire...
Listing provided by: Steven Bogoyevac DRE #01332755 562-257-1231, Steven M. Bogoyevac, Broker
Listing updated: Apr 27, 2026 at 04:50pm.
Last checked: Jun 5, 2026 at 05:01pm
Source: CRMLS #PW26062312
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 2 | 2 | 2 | — | $2,386 | $4,772 | $2,675 | Unfurnished |
| 15 | 1 | 1 | — | $2,001 | $30,016 | $2,350 | Unfurnished |
| 18 | 0 | 1 | — | $1,777 | $31,986 | $2,000 | Unfurnished |
| 1 | 2 | 1 | — | $2,608 | $2,608 | $2,495 | Unfurnished |
# of Buildings: 2
# of Units Total: 36
Separate Electric Meters: 36
Separate Gas Meters: 36
Separate Water Meters: 2
Rent Control: Yes
Financial Snapshot
Gross Rent Multiplier
12.6x
List Price / Annual Gross Rent
Cap Rate
5.33%
NOI / List Price
Gross Scheduled Income: $832,592
Operating Expense: $260,479
Net Operating Income: $559,320
Annual Operating Expenses
Electric: $0
Fuel: $0
Insurance: $0
Professional Management: $0
Trash: $0
Water / Sewer: $0
Interior
Laundry: Common Area
Entry Location: 1
Exterior
Property Attached: No
Stories Total: 2
Common Walls: No Common Walls
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 #: 7275010004
Additional Parcels: Yes
Tax Lot: 2
Tax Block: 132
Subdivision: Alamitos Beach (AB)
Community
Senior Community: No
Community Features: Suburban
Nearby Schools
Nearby schools around the 1212 E 3rd, Long Beach, CA 90802. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$8,396,000
Total Interest
$10,708,635
Total Payment
$19,104,635
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$64,151
per month
Property History for 1212 E 3rd
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90802.
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