Westside (11) Homes with Apartment Subtype

Welcome to the vibrant Westside of Long Beach, California, a captivating region that perfectly blends urban convenience with coastal charm. Nestled within Los Angeles County, this dynamic area is renowned for its diverse community, stunning beaches, and a plethora of amenities that cater to every lifestyle.

The Westside is characterized by its eclectic mix of residential options, particularly appealing for those seeking homes with an apartment subtype. These properties offer a unique opportunity for homebuyers and investors alike, providing the flexibility of multi-family living while enjoying the comforts of a single-family home. Imagine having the option to rent out a portion of your property or create a cozy space for extended family—it's the best of both worlds!

Residents of the Westside enjoy easy access to Long Beach’s sandy shores, vibrant arts scene, and a multitude of parks and recreational areas. The region boasts an array of dining options, from trendy cafes to gourmet restaurants, ensuring that culinary enthusiasts will never run out of exciting places to explore. Additionally, the Westside is well-connected to public transportation and major highways, making commuting to downtown Los Angeles or other parts of the city a breeze.

With a friendly atmosphere and a strong sense of community, the Westside of Long Beach is more than just a place to live; it’s a lifestyle. Whether you’re looking to invest in a multi-family home or find the perfect space for your family, the Westside offers a welcoming environment that feels like home. Come discover the charm and opportunities that await you in this beautiful coastal enclave!

Newest Westside (11) Homes with Apartment Subtype

$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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