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515 W 3rd, Long Beach, CA 90802

Long Beach
Local realty services provided by:CENTURY 21 Affiliated
515 W 3rd,Long Beach, CA 90802
$5,600,000
  • 1 Beds
  • 2 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: mike marcu
Office: mike marcu, broker
MLS#:OC26123229
Source:San Diego MLS via CRMLS

Price summary

  • Price:$5,600,000

About this home

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...

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Home facts

  • Listing ID #:OC26123229
  • Added:145 day(s) ago
  • Updated:October 29, 2026 at 02:43 PM

Rooms and interior

  • Bedrooms:1
  • Total bathrooms:2

Finances and disclosures

  • Price:$5,600,000
MLS LogoThis information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS®, Inc. SANDICOR Member Broker: Nikki Coppa

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