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445 E 3rd, Long Beach, CA 90802

Long Beach
Local realty services provided by:CENTURY 21 Coastal Properties
445 E 3rd,Long Beach, CA 90802
$4,400,000
  • - Beds
  • - Baths
  • 12,150 sq. ft.
  • Multi-family
  • Active
Listed by: robert stepp
Office: keller williams realty downey562-334-1500
MLS#:PW26170001
Source:CRMLS

Price summary

  • Price:$4,400,000
  • Price per sq. ft.:$362.14

About this home

445 E. 3rd Street is a 22-unit multifamily asset located in Long Beach’s East Village Arts District, a dense, walkable submarket within Downtown that continues to attract a steady base of renters driven by proximity to employment, transit, and lifestyle amenities. The property consists of (14) studio units and (8) 1BD/1BA, providing an efficient unit mix aligned with prevailing demand in the area. The seller has invested approximately $530,000 in capital improvements, including interior common areas (hallways, stairwells, keypads), unit interior renovations, new turf and landscaping on exteriors. All unit interiors are completely renovated with designer fixtures and finishes. Approximately $18,200 has been invested per studio unit renovation and ~$19,200 invested per 1BD/1BA renovation. 445 E. 3rd Street is priced at a 5.84% cap rate and 10.10 GRM in place, with clear embedded upside. As rents move to market and RUBS is implemented, the property stabilizes at a 6.82% cap rate and...

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Home facts

  • Year built:1922
  • Subdivision & Development:East Village Arts District
  • Listing ID #:PW26170001
  • Added:11 day(s) ago
  • Updated:August 18, 2026 at 10:32 AM

Rooms and interior

  • Living area:12,150 sq. ft.

Structure and exterior

  • Year built:1922
  • Building area:12,150 sq. ft.
  • Lot area:0.11 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$4,400,000
  • Price per sq. ft.:$362.14
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Coastal Properties is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Coastal Properties, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Jennette Toderick

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