Property Details
About this Property
La Pasada is a 29-unit apartment community located at 515 West 3rd Street in Long Beach. This prime location is directly across the street from the Governor George Deukmejian Courthouse, and a public transportation bus stop is conveniently situated in front of the building. Originally a hotel, the property has been operating as an apartment building for over 20 years but retains the benefit of a grandfathered hotel zoning should an investor wise to operate it with short term rentals. The seller is offering a 70% first note and trust deed with a 5% interest rate, featuring interest-only payments for the duration of the loan. The property boasts new sewer lines, plumbing (both on the first and second floors), an updated electrical system, roof, and windows. The entire first floor has been rebuilt from the studs out, and all units are equipped with central HVAC. The second floor has undergone a complete bathroom remodel, and the interiors have been upgraded throughout. Additionally, the third floor features two common area bathrooms and 11 single room occupancy units, all of which are in good condition
MLS Listing Information
MLS #
CROC25093913
MLS Source
California Regional MLS
Days on Site
15
Interior Features
Laundry
Community Facility
Parking, School, and Other Information
Garage/Parking
No Parking, Garage: 0 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
515 W 3rd St is a Residential Income in Long Beach, CA 90802. This – square foot property sits on a 6,093 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $5,950,000 and was built in 1928. This address can also be written as 515 W 3rd St, Long Beach, CA 90802.
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This listing information is up-to-date as of April 29, 2025. For the most current information, please contact Mike Marcu, (949) 688-1224
