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Listed by Christa Vessell • Coldwell Banker Commercial
$ 1,950,000
Est. payment /mo
Price Dropped by $75K
545 West 3rd Street Long Beach, CA 90802
5,449 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 5,449 sqft
Price per Sqft $357
Subdivision Alamitos Beach
MLS Listing ID PW-25033854
Year Built 1911
Lot Size 7,502 Sqft
Property Sub-Type Apartment
Property Description
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. Location is everything, and this property is just steps away from the Gov. George Deukmejian Courthouse, shops, restaurants, and public transit. Whether you're walking to local coffee shops, dining out, or commuting, convenience is at your tenant's doorstep. Don't miss this incredible opportunity to own a property with strong income potential and significant upside in one of Southern California's fastest-growing markets.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBPD30
Interior
Laundry In Closet
Exterior
Parking Features Gated
Pool None
Community Features Biking, Curbs, Dog Park, Park, Sidewalks, Storm Drains, Street Lights
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer