We are pleased to present 3009 East 3rd Street, a seven-unit multifamily property located in the highly desirable Bluff Heights neighborhood of Long Beach, California. The property features seven one-bedroom/one-bathroom units averaging approximately 593 square feet, totaling 4,148 square feet of building area on a 4,356-square-foot lot. Recent capital improvements include three renovated units, dual-pane vinyl windows, upgraded electrical systems, fresh exterior paint completed in 2026, updated signage, enhanced landscaping, and refreshed laundry facilities. Generating nearly $14,000 in monthly income, the property offers investors strong in-place cash flow with approximately 15% additional rental upside. Its prime Bluff Heights location provides convenient access to the vibrant dining, shopping, and entertainment along Retro Row and Belmont Shore's 2nd Street, as well as local beaches, bike paths, and coastal recreation. With its desirable coastal location, strong existing rental income, and manageable seven-unit configuration, 3009 East 3rd Street presents an attractive investment opportunity in one of Long Beach's most sought-after rental markets.
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Around this home
Schools
K - 12
Preschool & daycare
Mann Elementary School
Public K-5 • Assigned • 0.2mi
7/10
Jefferson Leadership Academies School
Public 6-8 • Assigned • 0.7mi
7/10
Wilson High School
Public 9-12 • Assigned • 1.1mi
6/10
Provided by GreatSchools
About Bluff
Heights
Bluff Heights, located between Alamitos Avenue and Redondo Avenue, is a historic and coastal Long Beach neighborhood with Craftsman bungalows and ocean-bluff breezes. The character concentrates along the Retro Row stretch of 4th Street near 4th Street and Junipero Avenue, where indie boutiques, record shops, and sidewalk cafes set a lived-in, creative tempo. Architectural details lean early-20th-century—porch lines, tapered columns, and mature street trees—mixed with small apartment courts. Bixby Park and the Bluff Park paths frame daily routines with lawns, palms, and long views over the sand. Art-house screenings at the Art Theatre of Long Beach, coffee at Portfolio Coffeehouse, and a stop at Fingerprints Music anchor local culture. The neighborhood’s grid makes walking and biking feel natural, with beach days and city errands sharing the same routes.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Bedrooms
Seven one-bedroom units
Bathrooms
Seven full bathrooms
Laundry & utility
Laundry area with included washer and dryer
Exterior features
Level with the street
Gutters, curbs, and sidewalks
Home design
Two stories
Front entry
Utilities
Public sewer
District/public water
One water meter
Seven gas meters
Seven electric meters
Financial info
Seven units
Gross scheduled income of $167,964
Gross operating income of $162,925
Gross income of $167,964
Net operating income of $102,853
Laundry income of $1,200
Total expenses of $60,072
Other utility expenses of $7,500
Vacancy allowance of $5,039
Unit rents range from $1,645 to $2,295
Electricity and solar
View estimated energy costs and solar savings for this home
Well maintained, 7 Units (All 1 br's) apartment building in Alamitos Beach! First time on the market in 50 years! Excellent low vacancy rental area! Low maintenance, clean, conforming building with a pleasant grass courtyard. Recent exterior paint. New water heater installed April 2024. Upgraded windows. Laundry room and owners storage room (for bldg. maintenance supplies). See attached supplements for rent roll, expenses and analysis details. This is priced to sell !
APPFOLIO #1
Jul 20, 2023
Rental Removed
—
Public Records
Sep 2, 1976
Sold
$76,000
$18/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$21,492 (+411.8%)
$1,000,000 + $860,000
$1,860,000
2024
$4,199 (+2.1%)
$950,000 + $635,000
$1,585,000
2023
$4,113 (+5.7%)
$44,554 + $190,996
$235,550
2022
$3,890 (+3.1%)
$43,681 + $187,251
$230,932
2021
$3,772 (+0.3%)
$42,825 + $183,580
$226,405
2020
$3,761 (+1.2%)
$41,986 + $179,981
$221,967
2019
$3,717 (+3.9%)
$41,556 + $178,136
$219,692
2018
$3,577 (+1.1%)
$40,742 + $174,644
$215,386
2017
$3,538 (+7.6%)
$39,161 + $167,863
$207,024
2016
$3,287 (+3.5%)
$39,161 + $167,863
$207,024
2015
$3,177 (−0.6%)
$38,394 + $164,572
$202,966
2014
$3,195 (+1.7%)
$37,078 + $158,925
$196,003
2012
$3,143 (+3.7%)
$36,911 + $158,207
$195,118
2011
$3,031 (+1.1%)
$36,188 + $155,105
$191,293
2010
$2,999 (+2.4%)
$35,479 + $152,064
$187,543
2009
$2,929 (+7.1%)
$35,214 + $150,928
$186,142
2008
$2,734
$35,298 + $151,287
$186,585
Public record
Public record
Zoning
Beds
7
Baths
7
Stories
—
Lot width
—
Lot depth
—
Lot size
4,510 Sq. Ft.
Year renovated
1950
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
4,148
Year built
1950
Style
Multi-Family (5+ Unit)
County
Los Angeles County
APN
7257022013
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 6, 2026.
R-2-A
Two-Family Residential, Accessory Second Unit District
The R-2-A District is a two-family residential district with standard lots. This District restricts 1 unit to a small accessory unit. This District recognizes the desire to maintain the existing character of a community by retaining single-family dwellings while adding a second unit to the rear. This Zone implements Land Use District No. 2 of the General Plan.
Permitted uses
Include but are not limited to:
Agriculture
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Other
Park & open space
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