3056 East Broadway
3056 East Broadway
Description
neighborhood of Long Beach, CA, 3056 E Broadway
presents a rare opportunity for investors seeking a
meticulously maintained income-producing property just
four blocks from the beach. Comprising four tastefully
renovated 2-Bed/1-Bath units, this charming property
boasts a prime location and exceptional condition. Each
unit has been extensively remodeled, including kitchens,
bathrooms, floors and paint. Bluff Park's desirable location offers tenants easy...Beautiful 4-Plex nestled in the Historic Bluff Park
neighborhood of Long Beach, CA, 3056 E Broadway
presents a rare opportunity for investors seeking a
meticulously maintained income-producing property just
four blocks from the beach. Comprising four tastefully
renovated 2-Bed/1-Bath units, this charming property
boasts a prime location and exceptional condition. Each
unit has been extensively remodeled, including kitchens,
bathrooms, floors and paint. Bluff Park's desirable location offers tenants easy access
to the beach, parks, dining and entertainment options,
making these units highly desirable in Long Beach's
thriving rental market. With its strong rental demand and
proximity to the beach, this property promises consisted
occupancy and rental income for investors. This asset is
ideal for any investor or first time home buyer due to its
offering of immediate returns and long-term
appreciation. Bordering Belmont Shore and located in one of Long
Beach's top rental markets, this truly is a one-of-a-kind
building. It is just outside the $6B of development flooding
into Downtown Long Beach, including the Long Beach
Civic Center, Long Beach Aquarium, OceanAire Project,
CSULB Downtown Village, Broadway Block, The Pacific and
Queen Mary Island.
- Listed by Aaron Jacobson • DRE #02100737 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc. • 310-729-1559
- Listed by Cameron Samimi • DRE #02035763 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.
Property Details for 3056 East Broadway
Location
Property Details for 3056 East Broadway
| Status | Active |
|---|---|
| MLS # | SB24098190 |
| Days on Market | 26 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1936 |
| Lot Size | 0.11 AC / 4,934 SF |
| County | Los Angeles County |
Location
Building Information for 3056 East Broadway
Payment Calculator
$14,804 per month
30 year fixed, 7.25% Interest
$13,098
$1,706
$0
Property Information for 3056 East Broadway
- Gross Income: $164,400
- Gross Scheduled Income: $164,400
- Vacancy Allowance Rate: 3
- Net Operating Income: $118,928
- Gross Multiplier: 14.6
- Cap Rate: 4.96
- Operating Expense: $40,540
- Fuel Expense: $0
- Electric Expense: $0
- Insurance Expense: $0
- Trash Expense: $0
- Water Sewer Expense: $0
- Total Expenses: $40,540
- Tax Tract Number: 0
- Tax Census Tract: 5767.00
- CFD/Mello-Roos Fee: $873
- Tax Lot: 1
- Community Features: Biking, Dog Park, Hiking, Park, Watersports, Sidewalks
- Laundry: Yes
- Laundry Features: Inside
- Entry Location: Front
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Lot Features: 0-1 Unit/Acre
- Number Of Units: 4
- Land Lease: No
- Land Lease Type: Fee
- Levels: Two
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 0
- Uncovered Spaces: 6
- Open Other Spaces Total: 6
- Parking Garage Spaces: 0
- Carport Spaces: 0
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $3,200
- Unit Type Total Rent: $3,200
- Unit Type Pro Forma: 3500
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $0
- Unit Type Total Rent: $3,500
- Unit Type Pro Forma: 3500
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $0
- Unit Type Total Rent: $3,500
- Unit Type Pro Forma: 3500
- Unit Type Type: 3
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $0
- Unit Type Total Rent: $3,500
- Unit Type Pro Forma: 3500
- Unit Type Type: 4
- Rent Controlled: Yes
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 4
- Number Of Separate Gas Meters: 4
- Number Of Separate Water Meters: 1
Property History for 3056 East Broadway
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 3056 East Broadway
Schools near 3056 East Broadway
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Mann Elementary School PublicK to 5 | ||
Jefferson Leadership Academies School Public6 to 8 | ||
Wilson High School Public9 to 12 | ||
Clear Passage Educational Center Charter9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Aaron Jacobson, DRE #02100737; Lyon Stahl Investment Real Estate, Inc., Cameron Samimi, DRE #02035763
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.