702-708 E 3rd Street is a rarely available FOURPLEX in the Arts District of downtown Long Beach. This is an exceptional building with a desirable mix of fully occupied units - 2 THREE BEDROOM UNITS UPSTAIRS, 2 TWO BEDROOM UNITS DOWNSTAIRS. Fully rented, no rent control, this building is located a block away from Vons Supermarket and walking distance to the beach, restaurants, stores, wine bars, coffee places, and much more. This prime location makes this building always occupied with well qualified tenants. Recent upgrades to the property include new back staircase made from Trex installed 2014. Interiors are constantly being improved as needed to keep up with demands of tenants. Consistent rental income with annual gross rents of $60,600. With downtown Long Beach being undergoing rapid transformation and constant improvement, this well situated 4-plex has the potential of previously unseen future appreciation for the new owner.
Don't miss this opportunity to own a great investment property! It is a must see! This triplex is located in the historical area of Long Beach. There are 2 - 1 bedroom and 1 bathroom downstairs and a 4 bedroom unit upstairs. The building also has a private side yard and is located near all of the fun Long Beach has to offer: The Aquarium of the Pacific, Long Beach Convention Center, Long Beach Arena, Main library, Long Beach Performing Arts Center, Grand Prix, Shoreline Village, The Queen Mary, shopping, dining, easy access to the 710 Freeway and bike trail! Long Beach is a great city that's growing, making this a great investment! It is sold as-is. Seller will not make repairs.