545 W 3rd St - Apartments FOR SALE


Long Beach, CA 90802- Downtown Long Beach
$2,025,000 USD
909-771-8779
545 W 3rd St, Long Beach, CA for Sale
$2,025,000 USD
Apartments - FOR SALE
1/23
null | 4.7% Cap Rate

545 W 3rd St
Long Beach, CA 90802
Downtown Long Beach


OVERVIEW

Exciting Investment Opportunity in Downtown Long Beach – Prime PD-30 Zoning! Welcome to 545 W 3rd St, a rare and versatile multi-family property offering tremendous potential for redevelopment in one of Long Beach’s most desirable areas. Situated on a prime lot with coveted PD-30 zoning, this property may offer the potential for up to 40 units (buyer to verify with the city). The current configuration includes four spacious 3-bedroom, 2-bath units, providing solid rental income while you explore development options. Each unit is well-sized, offering comfortable layouts and potential for renovations or upgrades.

FOR SALE DETAILS

PRICE

$2,025,000 USD

PRICE/SF

$372 USD /SF

# OF UNITS

4

PRICE/UNIT

$506,250

CAP RATE

4.7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1911

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,502 SF

ZONING

PD30, Long Beach

APN/PARCEL ID

7278-022-037

ASK ABOUT THIS PROPERTY

Christa VessellColdwell Banker Commercial BLAIRMore Info
909-771-8779

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Christa VessellColdwell Banker Commercial BLAIRMore Info
909-771-8779

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.