Multi-Family

445 East 3rd Street

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Property Snapshot

Address
445 E. 3rd St.
Long Beach, CA 90802
Purchase Price
$4,704,000.00
Number of Units
22
% Increase in Rents
Since Closing
25.89%
Projected IRR
14.88%

Located in the highly desirable and trendy East Village Arts District area in booming Downtown, with a Walk Score of 96. The subject property is conveniently located next to the myriad of restaurants, bars, galleries, art studios and boutique shops. It has a total of 22 units with a mix of studios and One Bed + One Bath units, shared balconies and on-site laundry.

Cochise Capital repositioned the property and increased the rents greater by than 25%.