Westside (11) Homes with Apartment Subtype

Westside (11) Homes with Apartment Subtype

Welcome to the vibrant Westside (11) region, nestled in the heart of Long Beach, Los Angeles County, California. This dynamic neighborhood offers a perfect blend of urban convenience and laid-back coastal charm, making it a sought-after destination for homebuyers.

Homes with the Apartment Subtype in Westside (11) are a popular choice for those seeking a modern and low-maintenance lifestyle. These properties often feature sleek designs, open floor plans, and convenient amenities, making them ideal for busy professionals, young couples, and investors alike.

Living in Westside (11) means enjoying easy access to a plethora of local attractions, including trendy cafes, boutique shops, and beautiful parks. Residents can explore the nearby beaches, take a stroll along the scenic waterfront, or indulge in the vibrant nightlife that Long Beach has to offer.

With its diverse real estate options, excellent schools, and strong sense of community, Westside (11) is the perfect place to call home. Whether you're looking for a cozy apartment or a spacious penthouse, this neighborhood has something for everyone.

Come and discover the endless possibilities that Westside (11) has to offer. Find your dream home in this thriving community and experience the best of coastal living in Long Beach, California.

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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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.