Listed by Matthew Firth, Matthew Firth, Broker, (562) 760-9447
3020 E 3rd St
Long Beach, CA 90814
Bluff Heights
16 Beds
15 Baths
9,650 sqft
16 Beds
15 Baths
9,650 sqft
Local Information
© Google
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Description
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 enhance after-tax returns.
With a going-in cap rate of 5.16%, compared to c. 4.5% for comparable new construction, the asset offers a spread to newer product while maintaining a similar risk profile. Even modest rent growth of 3–4% annually would drive NOI growth of ~15–20% over a five-year hold. With expenses stabilized through recent renovations and RUBS implementation, most of that growth flows directly to the bottom line. Long Beach led coastal California rent growth at ~6% through 2025, outperforming nearby markets.
Bluff Heights continues to emerge as one of the most durable coastal submarkets in Long Beach, driven by walkability, proximity to the ocean, and a strong renter base. Nearby single-family home sales ranging from ~$1.7M to $3M+ reinforce rent ceilings and long-term demand, while relative affordability continues to attract new residents.
From an operational standpoint, the asset is designed for efficiency. All major systems are new, utilities are separated with RUBS in place, and there is no deferred maintenance or near-term capital needs, allowing ownership to focus on cash flow rather than execution in an increasingly complex operating environment.
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 enhance after-tax returns.
With a going-in cap rate of 5.16%, compared to c. 4.5% for comparable new construction, the asset offers a spread to newer product while maintaining a similar risk profile. Even modest rent growth of 3–4% annually would drive NOI growth of ~15–20% over a five-year hold. With expenses stabilized through recent renovations and RUBS implementation, most of that growth flows directly to the bottom line. Long Beach led coastal California rent growth at ~6% through 2025, outperforming nearby markets.
Bluff Heights continues to emerge as one of the most durable coastal submarkets in Long Beach, driven by walkability, proximity to the ocean, and a strong renter base. Nearby single-family home sales ranging from ~$1.7M to $3M+ reinforce rent ceilings and long-term demand, while relative affordability continues to attract new residents.
From an operational standpoint, the asset is designed for efficiency. All major systems are new, utilities are separated with RUBS in place, and there is no deferred maintenance or near-term capital needs, allowing ownership to focus on cash flow rather than execution in an increasingly complex operating environment.
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$705
Listed
61 days ago
Home Details for 3020 E 3rd St
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Beds & Baths Number of Bedrooms: 16Number of Bathrooms: 15 |
Appliances & Utilities Appliances: Dryer, WasherDryerWasher |
Heating & Cooling Heating: RadiantHas CoolingAir Conditioning: DuctlessHas HeatingHeating Fuel: Radiant |
Windows, Doors, Floors & Walls Common Walls: 2+ Common Walls |
Levels, Entrance, & Accessibility Stories: 2Number of Stories: 2Levels: TwoEntry Location: 1 |
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Exterior Home Features No Private Pool |
Parking & Garage No Garage |
Pool Pool: None |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Surface & Elevation Elevation Units: Feet |
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Cumulative Days on Market: 34Days on Market: 61 |
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Year Built Year Built: 2024 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Not a New ConstructionAttached To Another StructureNo Additional Parcels |
Property Information Parcel Number: 7257028003 |
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Price List Price: $6,800,000Price Per Sqft: $705 |
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MLS Status: Active |
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Direction & Address City: Long BeachCommunity: Belmont Heights (Bh) |
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Listing Agent Listing ID: PW26040896 |
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Building Area Building Area: 9650 Square Feet |
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Community Features: UrbanNot Senior Community |
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Association for this Listing: California Regional MLS |
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Lot Area: 7504 sqft |
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Special Conditions: Standard |
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Listing Terms: Cash, Cash to New Loan |
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Expense Tenant Pays: All Utilities |
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Has Rent Control |
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Mls Number: PW26040896Living Area Range Units: Square FeetAttribution Contact: 562-760-9447Common Interest: NoneUniversal Property Id: US-06037-N-7257028003-R-N |
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UrbanSource Internet Entire Listing Display |
Last check for updates: about 18 hours ago
Listing Provided by: Matthew Firth DRE #01903073, (562) 760-9447
Matthew Firth, Broker
Darren Moon DRE #01416390
Pacific Moon Real Estate
Originating MLS: California Regional MLS
Source: CRMLS, MLS#PW26040896
Also Listed on CRMLS.
Price History for 3020 E 3rd St
| Date | Price | Event | Source |
|---|---|---|---|
| 03/19/2026 | $6,800,000 | Listed For Sale | CRMLS #PW26040896 |
| 06/15/2023 | $3,419,000 | Sold | CRMLS #SB23047402 |
| 03/24/2023 | $3,600,000 | Pending | CRMLS #SB23047402 |
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Comparable Sales for 3020 E 3rd St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.34 | Multi-Family Home | $2,550,000 | 12/05/25 | 12 | 10 | 10,401 | |
0.63 | Multi-Family Home | $2,035,000 | 11/05/25 | 24 | 17 | 9,358 | |
0.28 | Multi-Family Home | $2,245,000 | 12/24/25 | 9 | 9 | 6,065 | |
0.54 | Multi-Family Home | $3,100,000 | 10/20/25 | 9 | 11 | 4,688 | |
0.57 | Multi-Family Home | $3,850,000 | 05/12/26 | 12 | 8 | 5,218 | |
0.75 | Multi-Family Home | $3,060,000 | 12/01/25 | 21 | 19 | 10,171 | |
0.72 | Multi-Family Home | $4,400,000 | 09/29/25 | 8 | 21 | 9,662 | |
0.84 | Multi-Family Home | $2,785,000 | 07/25/25 | 8 | 14 | 9,354 | |
0.50 | Multi-Family Home | $1,742,500 | 11/21/25 | 11 | 8 | 5,967 | |
0.94 | Multi-Family Home | $5,300,000 | 07/03/25 | 16 | 18 | 9,708 |
Assigned Schools
These are the assigned schools for 3020 E 3rd St.
- Jefferson Leadership Academies School
- 6-8
- Public
- 1004 Students
7/10GreatSchools RatingParent Rating AverageThis school has repeatedly left gates open with no adult staff around leaving the possibility for children to wander off or strangers to wander in. Teachers say bad words to the kids. The front desk is terrible at answering the phone and calling back when you leave a message. There is constant fights that the staff don't stop. There are kids constantly hitting other kids and they are allowed to stay in class. I would not go here if the district actually gave a choice. It's a terrible school with terrible staff. Do not go here.Parent Review2y ago - Mann Elementary School
- K-5
- Public
- 320 Students
7/10GreatSchools RatingParent Rating AverageThis school is NOT safe for your children. I had to pull my son out of this school due to the SA and bullying he went through here. None of the staff including the principal believed him and even sided with the parents. They refused to change his class and he had to remain in the same class while being questioned without a parent being present with him. I blame myself as I have heard this school had a reputation with nothing being done towards bullying but I tried to be unbiased and I now deeply regret it. Its not just the bullying and SA either, his teacher was not adequately active in the students curriculum and it left my son behind in school along with trauma.Parent Review3mo ago - Wilson High School
- 9-12
- Public
- 3349 Students
6/10GreatSchools RatingParent Rating AverageTaught here for a number of years. Moved my own kids to Orange County because I didn't want them attending here. The administration was just horrible. The whole district is more worried about their reputation, looking good and garnering awards from no name organizations. The administration will post rules and policies but are no where to be found enforcing them. Long Beach does not seem to get rid of bad principals either. Instead they just shuffle them around to other sites. A colleague of mine called this the "dance of the lemons."Teacher Review1y ago 
Check out schools near 3020 E 3rd St.
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Bluff Heights
At least 102 Trulia users voted on each feature.
98 % Say it's dog friendly
96 % Say there are sidewalks
95 % Say it's walkable to restaurants
90 % Say it's walkable to grocery stores
81 % Say streets are well-lit
81 % Say people would walk alone at night
70 % Say there's holiday spirit
69 % Say neighbors are friendly
66 % Say they plan to stay for at least 5 years
66 % Say yards are well-kept
61 % Say car is needed
55 % Say it's quiet
46 % Say there's wildlife
45 % Say kids play outside
30 % Say there are community events
24 % Say parking is easy
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Matthew Firth, Matthew Firth, Broker
Agent Phone: (562) 760-9447
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-02-09 09:51:42 PST 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 broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-02-09 09:51:42 PST 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 broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
3020 E 3rd St, Long Beach, CA 90814 is a 16 bedroom, 15 bathroom, 9,650 sqft multi-family built in 2024. 3020 E 3rd St is located in Bluff Heights, Long Beach. This property is currently available for sale and was listed by CRMLS on Mar 19, 2026. The MLS # for this home is MLS# PW26040896.