Westside (11) Homes with Apartment Subtype

Welcome to the vibrant Westside region of Long Beach, California, where coastal charm meets urban sophistication! Nestled in the heart of Los Angeles County, this dynamic area boasts a unique blend of residential comfort and lively community spirit. The Westside is known for its rich cultural tapestry, offering a variety of amenities, parks, and recreational activities that cater to all lifestyles.

One of the standout features of the Westside is its diverse selection of homes, particularly those with an apartment subtype. These properties are perfect for those seeking a blend of privacy and community living. Imagine owning a charming bungalow with the added benefit of an in-law suite or a duplex that can serve as a rental unit, providing both comfort and potential income. The Westside's apartment-style homes are designed to accommodate various living arrangements, making it an ideal choice for families, young professionals, and investors alike.

In addition to its appealing housing options, the Westside offers easy access to beautiful beaches, trendy shops, and delectable dining experiences. Residents can take leisurely strolls along the coast, enjoy vibrant local art scenes, or partake in the lively community events that make Long Beach a beloved destination.

Whether you are looking to settle down in a cozy apartment-style home or invest in a property with rental potential, the Westside of Long Beach is a place where dreams come to life. Embrace the coastal lifestyle and discover the endless possibilities that await you in this enchanting California community!

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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