Property Details
About this Property
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
MLS Listing Information
MLS #
CRPW26040896
MLS Source
California Regional MLS
Days on Site
5
Interior Features
Appliances
Dryer, Washer
Heating
Radiant
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
Contact Information
Listing Agent
Matthew Firth
Matthew Firth, Broker
License #: 01903073
Phone: –
Co-Listing Agent
Darren Moon
License #: 01416390
Phone: –
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
3020 E 3rd is a Residential Income in Long Beach, CA 90814. This – square foot property sits on a 7,504 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $6,800,000 and was built in 2024. This address can also be written as 3020 E 3rd, Long Beach, CA 90814.
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This listing information is up-to-date as of March 19, 2026. For the most current information, please contact Matthew Firth
