3243 East 10th Street is an 8-unit multifamily investment opportunity located in Long Beach, CA. 3243 East 10th Street offers an attractive mix of studio, one, and two-bedroom floor plans, which helps the property appeal to a diverse renter pool. Additionally, the well-maintained property features a central courtyard, dual-pane windows,… Read More and security doors, as well as income-producing amenities including an on-site laundry facility 1, surface parking space, and 3, garage parking spaces. Resident’s enjoy the property’s walkable access to the Food 4 Less and Rite Aid anchored Belmont Center, at the intersection of Anaheim Street and Obispo Avenue. Additionally, 3243 East 10th Street benefits from its optimal central Long Beach location, providing convenient access throughout the city. The property places residents a short drive away from Woodrow Wilson High School, Recreation Park, Retro Row, and an abundance of Long Beach’s most popular beaches. Furthermore, 3243 East 10th Street is within 2 miles of California State University, Long Beach and the Veteran Affairs Medical Center, two of the city’s premier employers with a combined total of over 7,000 employees, according to Long Beach’s 2023 Annual Comprehensive Financial Report. In summary, 3243 East 10th Street’s fantastic location offers residents a wide variety of activities, employment, transportation, and retail amenities, all of which will attract a diverse renter pool. With substantial upside and strong rental metrics, 3243 East 10th Street represents an attractive opportunity for a new owner seeking well located units. Read Less
Property listed by Marcus & Millichap RE Invest, Tyler Leeson [email protected]
Listing Snapshot
Days Online
65
Last Updated
Property Type
Apartment
Lot Size
0.09 Acres
Year Built
1958
MLS Number
OC25050168
Additional Details
Building
Built in 1958, Building area total: 4,543, Levels: Two, 2 stories, 1 building, Common walls: NoCommonWalls
Community
Curbs, Gutters, Sidewalks
Expenses
Electric expense: $1,194, Fuel expense: $1,194, Insurance expense: $6,400, Maintenance expense: $5,600, New taxes expense: $21,084, Operating expense: $53,478, Trash expense: $1,194, Water sewer expense: $1,194, Other expense: $8,221
Garage
3 spaces
Income
Gross income: $152,453, Net operating income: $94,461
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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