Description

Charming Spanish-style 8-unit building located in the highly desirable and historic Bluff Heights neighborhood of Long Beach. Built in 1931, 2930 E. 3rd Street offers 7,025 square feet on a 7,502 square foot lot, featuring an attractive unit mix of (4) two-bedroom, one-bath units and (4) one-bedroom, one-bath units, along with five single-car garages. Seven of the eight units were thoughtfully upgraded between 2016–2018 with modern kitchens and bathrooms, including new cabinetry, quartz countertops, and custom tile. The property retains its original charm with hardwood floors, faux fireplaces, plaster moldings, built-ins, and classic wood windows. Major system improvements include updated plumbing with new hot and cold water lines and a new main sewer line (2016–2017). With strong in-place income of $19,045 per month, the property provides immediate cash flow in a premier coastal rental market. The five garages also offer potential for ADU conversion, creating additional upside. A rare opportunity to acquire a well-maintained, character-rich asset in one of Long Beach’s most sought-after neighborhoods, offering both stable income and long-term appreciation potential.