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The Cadillac is a 36-unit apartment community situated on two contiguous parcels at 1212 and 1216 East 3rd Street in the highly desirable Alamitos Beach neighborhood of Long Beach, California. This well-located asset boasts 3 brand new ADU's, 17 remodeled units, a stunning upgraded courtyard, and 11 percent rental upside. This offering represents a rare opportunity to acquire a scale asset in a premier coastal submarket with meaningful upside, recent capital improvements, and strong tenant demand fundamentals. The asset consists of two buildings featuring a diverse unit mix of 18 studios, 15 one-bed/one-bath units, one two-bed/one-bath unit, and two two-bed/two-bath units. Amenities include a courtyard with picnic areas, controlled access entry, and laundry facilities. Recent renovations incorporate modern interior finishes such as updated flooring, contemporary cabinetry, quartz countertops, and upgraded fixtures, contributing to strong tenant appeal and reduced ongoing maintenance needs. Remaining classic units provide a clear path for further interior upgrades and rental growth. Located just blocks from the coastline, Alamitos Beach is one of Long Beach's most vibrant and walkable neighborhoods, known for its proximity to waterfront recreation, dining, and retail along Retro Row and Broadway. The area continues to attract a diverse renter base driven by lifestyle appeal, accessibility, and relative affordability compared to neighboring coastal markets. Long Beach's multifamily fundamentals remain strong, supported by consistent population density, a growing employment base, and limited new housing supply. High renter demand, coupled with barriers to new development, continues to drive occupancy and rent growth, positioning well-located assets like 1212 and 1216 East 3rd Street for long-term performance.
Property Type(s):
Residential Income
| Last Updated | 4/27/2026 | Tract | Alamitos Beach (AB) |
|---|---|---|---|
| Year Built | 1957 | Community | 4 - Downtown Area, Alamitos Beach |
| County | Los Angeles |
Price History
| Prior to Apr 27, '26 | $10,595,000 |
|---|---|
| Apr 27, '26 - Today | $10,495,000 |
Additional Details
| AREA | 4 - Downtown Area, Alamitos Beach |
|---|---|
| LOT | 0.3795 acre(s) |
| LOT DIMENSIONS | 16529 |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | Alamitos Beach (AB) |
| WATER | Public |
Location
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Listed with Steven M. Bogoyevac, Broker
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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