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Listed by: Mike Marcu (949) 688-1224 DRE #00919594 | Mike Marcu, Broker (909) 371-1322
$5,600,000
1 Bed
2 Baths
9,588sqft
515 West 3rd, Long Beach, CA 90802
$5,600,000
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Apartment
Built in 1928
$-- HOA
6,093 sqft lot
$584/sq.ft
Description
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 u...
- Houzeo last checked: 1 minute ago
- Listing updated: June 5, 2026 at 11:56 pm
- Source: California Regional MLS-CA | MLS#: OC26123229
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
3
County
City
Neighborhood
Year Built
1928
HOA Fees
-
Finished Area
9,588 sqft
Lot Size
6,093 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
OC26123229
MLS Status
Active
Days on Market
100
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