Amidst the noise of high inventory, plummeting sales, and less than ideal cap rates, we took action. Introducing 3650 and 3656 E 2nd: strategically priced to move swiftly in a challenging market. Because in times of uncertainty, knowing the market inside out makes all the difference.
SALE Learn More: https://lnkd.in/gDfb48Y2 IMAGE: Caleb Baldwin & Juan Huizar DATE: 05/08/2024 ADDRESS: 3650 East 2nd Street MARKET: Long Beach ASSET TYPE: Multifamily BROKERS: Caleb Baldwin & Juan Huizar - Sage Real Estate SALE PRICE: $3,150,000 UNITS: 12 ~ PPU: $262,500 SF: 7,581 ~ PPSF: $416 NOTE: A garden-style building with 12 one-bedroom units in Long Beach was sold for $3,150,000, reflecting a per unit price of $262,500 and a price per square foot of $416. The property, known as "The Euclid," offers a diverse layout with convenient amenities including storage facilities and garages, situated in the desirable rental district of Belmont Heights near the beach and popular dining spots on 2nd Street and Broadway, presenting an attractive investment opportunity in this vibrant coastal community. #LosAngeles #RealEstate #tradedla #LA #LosAngelesRealEstate #California #LARealEstate #CaliRealEstate #LongBeach #Multifamily #CalebBaldwin #JuanHuizar #SageRealEstate
