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1785 E 3rd, Long Beach CA 90802
California>Long Beach>Franklin

1785 E 3rdLong Beach, CA 90802

For Sale

$2,125,000

Smart Buyer Rebate $21,250

Three blocks to the ocean. This extremely well maintained asset is in one of the best rental areas of Long Beach. There is 30% upside in rents and there is a potential for the existing basement to be made into an ADU. Outstanding unit mix of (4) 1 bedroom units and (1) 1 bedroom unit. The building also has a laundry room and (4) enclosed garages.

Long term owner has completed a number of recent upgrades to the property including:
New exterior paint
New roof
upgraded plumbing
new front doors and locks with "invisible" screens.
New landscaping
New irrigation system

Walkscore.com gives the property a score of 97 out of 100, a "Walker's paradise".
Local attractions include Retro row, The Pike outlets, The Promenade, Shoreline Village and trendy Pine Avenue.

Listed by Steve Gamez

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License #00586247

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P.R.S. Properties

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714-328-0832

Last updated June 01, 2026

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Source: CRMLS #PW26118376

Listing Facts

  • TypeMulti-family
  • NeighborhoodFranklin
  • Days on Prevu15

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

06/01/2026
Listed by P.R.S. Properties
$2,125,000

Property Details for 1785 E 3rd

Association

Amenities

  • Community Features: Biking, Curbs, Golf, Park, Sidewalks, Urban

Exterior

Construction

  • Number Of Units Total: 5
  • Property Attached: Yes
  • Stories Total: 2
  • Year Built: 1963
  • Common Walls: 2+ Common Walls,End Unit
  • Entry Level: 1
  • Entry Location: Front

Measurements

  • Building Area Total: 4,321
  • Building Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.09
  • Lot Size Area: 4,321
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 4,321
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Gross Income: $134,160.00
  • Operating Expense: $47,580.00

Taxes

  • Parcel Number: 7275014033

Other

Location

  • Subdivision Name: Alamitos Heights (AH)
  • Tax Lot: 13

Parking

Parking

  • Garage Spaces: 4
  • Garage: Yes
  • Parking Total: 4

Utilities

Equipment

  • Laundry Features: Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 1785 E 3rd.

Does this multi-family home have parking?

Yes, there are 4 parking spaces available for 1785 E 3rd.

How does 1785 E 3rd compare to other multi-family homes in Franklin?

This multi-family home is listed 19% below the average price for multi-family homes in Franklin and has been on the market for 67 less days than the typical home in this area.

1785 E 3rd is a -bedroom multi-family home for sale in Long Beach CA 90802. Available on Prevu for 15 days at $2,125,000. This home is located in Franklin. The median listing price for multi-family homes in this area is $825,000. The home offers parking. Browse more multi-family home listings in Long Beach.

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.