1135 East 3rd Street

Incorporated in 1897, Long Beach has a population of just over 450,000, making it the 44th most populous city in the United States, and the 3rd largest in Southern California, behind only Los Angeles and San Diego. The Port of Long Beach is the second busiest container port in the U.S., and amongst the largest shipping ports in the world. Long Beach is situated in the southeastern corner of Los Angeles County, and borders Orange County. The city offers numerous waterfront attractions, including the Aquarium of the Pacific, the permanently-docked RMS Queen Mary, and IndyCar's Long Beach Grand Prix. Alamitos Beach is a coastal neighborhood in the southern portion of the city that is comprised primarily of residential properties. There is a public beach within short walking distance as well as access to the Shoreline Pedestrian Bike Path, which stretches from Shoreline Village in Downtown to Belmont Shore. 1135 E. 3rd St. offers an exceptional location, between the sandy beach, Downtown's Pine Avenue, and Retro Row, a revitalized stretch of 4th St. that includes vibrant shopping, dining, and entertainment destinations.Morgan Skenderian is pleased to present 1135 E. 3rd Street, an 11-unit apartment investment opportunity located in the sought-after Long Beach neighborhood of Alamitos Beach. Offered for sale for the first time in decades, the property is ideally located just a short walk from the beach, and mere minutes from both Downtown and Retro Row. It is comprised of (10) studios (2 of which are exceptionally large), and (1) detached 3-bedroom/2-bathroom house, with its own garage. 1135 E. 3rd St. offers substantial upside potential by updating the units and bringing rents closer to market levels.