3522 E Broadway, Long Beach, CA 90803
Local realty services provided by:ERA Excel Realty
3522 E Broadway,Long Beach, CA 90803
$2,400,000
- - Beds
- - Baths
- 7,562 sq. ft.
- Multi-family
- Active
Listed by: carl reinhart
Office: carl reinhart, broker714-404-8020
MLS#:PW26094148
Source:CRMLS
Price summary
- Price:$2,400,000
- Price per sq. ft.:$317.38
About this home
The subject is a twelve-unit apartment complex with a prime location in the very desirable Belmont Heights neighborhood of Long Beach, California. The property includes three, two-story woodframe and stucco apartment buildings built in 1923 and renovated on multiple occasions. The buildings total 7,562 sf in size and are situated on a level, rectangular 6,189 sf parcel located on he southwest corner of East Broadway and Loma Avenue. This offering includes units at 3522-3536 East Broadway and 223 Loma Avenue. The property has a great unit mix consisting of five studio and seven one bedroom/one bath apartment units ranging to approximately 700 sf. Some units have balconies.
East Broadway is a busy traffic corridor through the city and is developed with a mix of retail and office buildings as well as single-family homes and small apartment buildings. Belmont Heights is one of the area's most sought-after coastal submarkets with a broad tenant base of young professionals, families and long-term residents. Woodrow Wilson High School is located less than one mile northeast of the subject. The 229-acre, city-owned Recreation Park is located one mile to the northeast and features include a community center, two golf courses, a tennis center, fishing pond and a baseball stadium. The heart of trendy Belmont Shore is less than three-quarters of a mile to the east. California State University, Long Beach is located less than two miles to the northeast. City Beach, Bluff Park and Belmont Pier are a quarter-mile to the south. Long Beach Municipal Airport is located three miles to the north and has non-stop flights to twenty-one cities nationwide as well as one-stop flights to 400 cities worldwide. Anduril Industries, a cutting-edge defense technology company specializing n artificial intelligence applications has recently announced that it is commencing a $1 billion redevelopment of land adjacent to the Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs.
This is the first offering for sale of the Property since the current Owner acquired it in 2002. The Property is fully-occupied and rarely has vacant units. Current rental rates are below market, and the Property is subject only to State of California rent control. Most tenants occupy units on a month-to-month basis....
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Home facts
- Year built:1923
- Listing ID #:PW26094148
- Added:2 day(s) ago
- Updated:May 03, 2026 at 10:30 AM
Rooms and interior
- Flooring:Carpet, Laminate, Vinyl
- Kitchen Description:Disposal, Electric Oven, Electric Range
- Living area:7,562 sq. ft.
Heating and cooling
- Heating:Natural Gas, Wall Furnance
Structure and exterior
- Roof:Flat, Tar Gravel
- Year built:1923
- Building area:7,562 sq. ft.
- Lot area:0.14 Acres
- Lot Features:Corner Lot, Near Park, Near Public Transit, Rectangular Lot
- Architectural Style:Spanish
- Construction Materials:Frame, Stucco
- Exterior Features:Awnings
- Levels:2 Story
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected, Sewer Tap Paid
Finances and disclosures
- Price:$2,400,000
- Price per sq. ft.:$317.38
- Tax amount:$29,953
Features and amenities
- Appliances:Disposal, Electric Oven, Electric Range
- Amenities:Balcony, Carbon Monoxide (CO2) Detector
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