Westside (11) Homes with Apartment Subtype

Westside (11) Homes with Apartment Subtype

Welcome to the Westside of Long Beach, California, where coastal charm meets urban convenience! This vibrant neighborhood is a hidden gem within Los Angeles County, known for its eclectic mix of residential options, thriving community spirit, and proximity to stunning beaches. The Westside is characterized by its diverse architecture, featuring a variety of homes that perfectly cater to the needs of families, professionals, and investors alike.

One of the standout features of the Westside is its abundance of homes with an apartment subtype. These properties offer a unique opportunity for homeowners looking to maximize their investment potential while enjoying the comforts of home. Imagine living in a beautifully renovated house with a separate apartment unit that can serve as a rental, guest suite, or a private retreat for family and friends. This flexibility is perfect for those who want to balance personal space with the opportunity for additional income.

The neighborhood is not just about the homes; it’s also about the lifestyle. Residents enjoy easy access to local parks, trendy shops, and a variety of dining options that reflect the rich cultural tapestry of Long Beach. Plus, with the nearby coastline, weekend beach outings become a part of everyday life.

Whether you’re looking to buy your first home, invest in a rental property, or simply enjoy the laid-back California lifestyle, the Westside of Long Beach offers a perfect blend of community, convenience, and coastal living. Discover your dream home here today!

Newest Westside (11) Homes with Apartment Subtype

515 W 3rd, Long Beach
$5,600,000
OC26123229 MLS ⋅ Active Status
Seller Financing Available – 75% LTV at 4% Interest, Interest-Only Payments for Up to 5 years. La Pasada, a 29-unit apartment building located at 515 W. 3rd Street in the heart of Downtown Long Beach. The property consists of 11 SRO units, 14 studios, and 4 one-bedroom apartments, serving the area's growing demand for affordable workforce housing. Originally constructed as a hotel, La Pasada has operated as apartments for more than two decades while retaining its grandfathered hotel zoning. This rare designation provides ownership with the flexibility to continue operating as apartments or explore future short-term lodging opportunities. The building has undergone substantial capital improvements, including renovated unit interiors, central HVAC throughout all 29 units, a remodeled second-floor community bathroom, updated building systems, and an on-site laundry facility. Additional improvements include a newer roof, upgraded electrical infrastructure, replacement windows, and sewer line improvements. Located within walking distance of the waterfront, La Pasada benefits from proximity to Aquarium of the Pacific, Long Beach Convention Center, Shoreline Village, and Cesar E. Chavez Park. The property also enjoys convenient access to the 710 Freeway, Pacific Coast Highway, public transportation, and the ongoing redevelopment of Downtown Long Beach. With below-market financing, a strategic downtown location, flexible zoning, and upside through stabilization of occupancy, La Pasada represents a compelling investment opportunity in one of Southern California's most dynamic urban markets. Investment Highlights Seller financing: 75% LTV at 4% interest, interest-only payments for up to 5 years 29-unit workforce housing asset (11 SROs, 14 studios, 4 one-bedrooms) Grandfathered hotel zoning provides operational flexibility Significant recent capital improvements completed Central HVAC in first floor units Opportunity to increase income through lease-up and operational stabilization Walkable Downtown Long Beach location near major employment, entertainment, and waterfront amenities Positioned to benefit from continued investment and redevelopment in Downtown Long Beach Current stabilized cash-on-cash return exceeds 7% with seller financing in place.

515 W 3rd, Long Beach

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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