Home | Los Angeles County | Long Beach | 90814 | 3020 E 3rd
MLS: CRPW26040896 | Status: | Price: $6,800,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 7,504 | 2024 |
Meet Bluff & Oak. With 12 of the 15 units fully rebuilt in 2024 and the remaining 3 delivered as 100% new construction in 2026, the property operates with a true new construction profile. The scope of work extended well beyond cosmetic upgrades and included full replacement of plumbing (waste lines, water lines, new main, backflow preventer), new individual water heaters, and a fully upgraded electrical system with new subpanels and 600-amp service. Mechanical systems, HVAC, doors, windows, and ventilation were all replaced, along with a new roof, façades, hardscape, landscaping, exterior lighting, and signage. All unit interiors were rebuilt with modern kitchens and baths, quartz countertops, Energy-Star appliances, designer fixtures, plank flooring, and in-unit laundry, positioning the asset at the top of the local rental market while materially reducing future capital exposure. The asset also includes the option to lease 8 surface parking spaces directly behind the property on a rolling 2-year term. A third-party cost segregation study has been completed and is transferable to a new owner, allowing for approximately $2.1M of accelerated depreciation within the first five years versus c. $730K under standard depreciation, creating a meaningful front-loaded tax shield to
| Field | Value |
|---|---|
| MLS # | CRPW26040896 |
| MLS Source | California Regional MLS |
| Days on Site | 35 |
| Feature | Details |
|---|---|
| Appliances | Dryer, Washer |
| Heating | Radiant |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 0 Car(s) |
| Listing Agent | Co-Listing Agent |
|---|---|
| Matthew Firth | Darren Moon |
| Matthew Firth, Broker | |
| License #: 01903073 | License #: 01416390 |
| Phone: – | Phone: – |
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Mann Elementary School | public | K-5 | 0.16 mi | 7 |
| Burbank Elementary School | public | K-5 | 0.61 mi | 7 |
| Fremont Elementary School | public | K-5 | 0.72 mi | 8 |
| Jefferson Leadership Academies School | public | 6-8 | 0.72 mi | 7 |
| Willard Elementary School | public | K-5 | 0.81 mi | 3 |
| Wilson High School | public | 9-12 | 1.10 mi | 6 |
| Bryant Elementary School | public | K-5 | 1.28 mi | 6 |
| Franklin Classical Middle School | public | 6-8 | 1.30 mi | 4 |
| Lee Elementary School | public | K-5 | 1.37 mi | 6 |
| Lowell Elementary School | public | K-5 | 1.40 mi | 7 |
| Rogers Middle School | public | 6-8 | 1.42 mi | 8 |
| Lincoln Elementary School | public | K-5 | 1.51 mi | 7 |
| Stevenson Elementary School | public | K-5 | 1.65 mi | 5 |
| Whittier Elementary School | public | K-5 | 1.74 mi | 5 |
| Naples Elementary School | public | K-5 | 1.87 mi | 8 |
| Jessie Nelson Academy | public | 6-8 | 1.89 mi | 3 |
| Richard D. Browning High | public | 9-12 | 1.99 mi | 5 |
| Alvarado Elementary School | public | K-5 | 2.04 mi | 9 |
| Robinson Academy | public | K-8 | 2.04 mi | 5 |
| International Elementary School | public | K-5 | 2.05 mi | 5 |
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This listing information is up-to-date as of April 23, 2026. For the most current information, please contact Matthew Firth.