$2,125,000
1785 E 3rd, Long Beach CA 90802
Multi-Family (5 Units)
Property type
4 days
On market
$492
Price per sqft
4 cars
Garage
1963
Year built
4,321 sqft
Lot size
Home highlights
Open Houses
Overview
Three blocks to the ocean. This extremely well maintained asset is in one of the best rental areas of Long Beach. There is 30% upside in rents and there is a potential for the existing basement to be made into an ADU. Outstanding unit mix of (4) 1 bedroom units and (1) 1 bedroom unit. The building also has a laundry room and (4) enclosed garages. Long term owner has...
Listing provided by: Steve Gamez DRE #00586247, P.R.S. Properties
Listing updated: Jun 1, 2026 at 09:06pm.
Last checked: Jun 5, 2026 at 12:00pm
Source: CRMLS #PW26118376
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 4 | 2 | 1 | — | $2,250 | $2,250 | $3,000 | Unfurnished |
| 1 | 1 | 1 | — | $2,500 | $2,500 | $2,500 | Unfurnished |
# of Buildings: 1
# of Units Total: 5
Separate Electric Meters: 5
Separate Gas Meters: 5
Separate Water Meters: 1
Rent Control: Yes
Units Leased: 5
Total Actual Rent: $11,100
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
16.0x
List Price / Annual Gross Rent
Cap Rate
4.07%
NOI / List Price
Gross Scheduled Income: $133,200
Operating Expense: $47,580
Net Operating Income: $86,580
Annual Operating Expenses
Electric: $720
Gardener: $1,264
Fuel: $0
Insurance: $4,055
Licenses: $97
New Taxes: $25,000
Pest Control: $1,080
Professional Management: $0
Supplies: $4,975
Trash: $0
Water / Sewer: $5,520
Interior
Laundry: Laundry Room
Entry Location: Front
Exterior
Property Attached: Yes
Stories Total: 2
Common Walls: Two Common Walls Or More, End Unit
Lot Features: Corner Lot
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 4
Parking Total: 4
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 7275014033
Additional Parcels: No
Tax Lot: 13
Subdivision: Alamitos Heights (AH)
Community
Senior Community: No
Community Features: Biking, Curbs, Golf, Park, Sidewalks, Urban
Nearby Schools
Nearby schools around the 1785 E 3rd, Long Beach, CA 90802. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,700,000
Total Interest
$2,168,256
Total Payment
$3,868,256
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$13,109
per month
Property History for 1785 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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