$5,950,000
For Sale

515 W 3rd Street

Long Beach, CA 90802
0.14 acres | #OC24220952
Listing OfficeMike Marcu, Broker
Browse 5 photos
Type:Multi-Family
Structure:House
Zone:Residential

Description

La Pasada is a 29-unit apartment community located directly across the street from the downtown courthouse. Featuring new sewer lines, plumbing (1st & 2nd floor), electrical system, roof, windows, the entire 1st floor has been rebuilt form the studs out. These units have central HVAC. The 2nd floor has had all the bathrooms completely remodeled and the balance of the interiors upgraded. The 3rd floor features two common area bathrooms and 11 single room occupancy units which are in good condition. The seller is offering to provide a 70% first note and trust deed, at a 5% interest rate, with interest only payments for the term of the loan.

  • Property Details
      • Lot DescriptionThirtySixToFortyUnitsAcre
      • Property TypeMulti-Family
      • Sewer InformationPublicSewer
      • CountyLos Angeles
      • Original List Price$5,950,000
      • MLS #OC24220952
      • MLS #OC24220952
      • Property SubtypeApartment
      • Cost5950000
      • Acres0.1399
      • Utility SourcePublic
      • Subdivisionother
      • Year Built1928
      • Stories3

Location

Justin MillerReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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