3402 Gundry Avenue, Long Beach, CA 90807
  • MLS#: OC24187202 ( Apartment )
  • Street Address: 3402 Gundry Avenue
  • Viewed: 1
  • Price: $2,895,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1963
  • Bldg sqft: 0
  • Days On Market: 68
  • Additional Information
  • County: LOS ANGELES
  • City: Long Beach
  • Zipcode: 90807
  • Subdivision: California Heights (ch)
  • Provided by: Marcus & Millichap RE Invest
  • Contact: Tyler Tyler
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    3402 Gundry Avenue is a 10 unit multifamily investment property located in the California Heights neighborhood of Long Beach, CA. 3402 Gundry Avenue offers an attractive mix consisting of 6, one bedroom units and 4, two bedroom units. The property offers gated pedestrian access leading to a charming common area courtyard, nine tuck under parking with storage lockers, a tandem surface space, an on site laundry facility, and a spacious storage unit. Additionally, there is an unused open space which could be converted into an additional storage unit, with both storage units providing potential additional revenue streams. 3402 Gundry Avenue is situated in the desirable California Heights neighborhood of Long Beach where residents enjoy convenient access to everyday needs as well as a plethora of cafes, restaurants, and retailers located along Atlantic Avenue. The property is located within 0.50 miles of a Target anchored retail center, providing residents easy access to everyday needs. Additionally, 3402 Gundry Avenue is just over 1.75 miles from Long Beach Exchange, a recently developed outdoor shopping mall with a plethora of retail, dining, and entertainment options. Furthermore, the property is proximate to Long Beach Memorial Medical Center, the third top employer in the city with nearly 5,500 practitioners and staff members according to Long Beachs 2023 Annual Comprehensive Financial Report. 3402 Gundry benefits from its close proximity to Interstate 405, connecting residents to employment hubs throughout Southern California. The neighborhoods surrounding the property provide tenants convenient access to a wide variety of activities, employment, transportation, and retail amenities. This overall demand for a well located and maintained apartment building will be a key driver in the continued growth and success at 3402 Gundry Avenue.
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Features
Association Fee
  1. 0.00
Building Area Total
  1. 8146.00
Carport Spaces
  1. 9.00
Commoninterest
  1. Community Apartment
Common Walls
  1. No Common Walls
Country
  1. US
Days On Market
  1. 60
Electric Expense
  1. 3935.00
Entry Location
  1. First level
Fuel Expense
  1. 3935.00
Garage Spaces
  1. 1.00
Insurance Expense
  1. 8500.00
Laundry Features
  1. Community
Levels
  1. Two
Lot Features
  1. Level with Street
Netoperatingincome
  1. 158950.00
Newtaxesexpense
  1. 36022.00
Number Of Separate Electric Meters
  1. 10
Number Of Separate Gas Meters
  1. 10
Otherexpense
  1. 9081.00
Otherexpensedescription
  1. Misc
Otherincome1
  1. 1844.00
Otherincomedescription
  1. Misc
Parcel Number
  1. 7147016034
Pool Features
  1. None
Postalcodeplus4
  1. 4850
Professionalmanagementexpense
  1. 12358.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 422765463:CRM
Subdivision Name Other
  1. California Heights (CH)
Taxblock
  1. 11
Totalexpenses
  1. 88201.00
Trash Expense
  1. 3935.00
Uncovered Spaces
  1. 1.00
Vacancyallowance
  1. 7587
Water Sewer Expense
  1. 3935.00
Water Source
  1. Public
Year Built
  1. 1963
Year Built Source
  1. Assessor
Zoning
  1. LBR1N