Westside (11) Homes with Apartment Subtype

Welcome to the vibrant Westside of Long Beach, California, where coastal charm meets urban sophistication! Nestled within the bustling heart of Los Angeles County, this thriving region offers a unique blend of residential comfort and dynamic city life. Known for its diverse neighborhoods, the Westside is a haven for those seeking the perfect balance between community and convenience.

One of the standout features of this area is its array of homes that come with apartment subtypes. Whether you’re a first-time homebuyer looking for a cozy starter unit or an investor seeking multi-family opportunities, Westside has something for everyone. These homes are designed to maximize space while offering a warm and inviting atmosphere, making them ideal for families, young professionals, and retirees alike.

Living in Westside means you’re just moments away from stunning beaches, lush parks, and a plethora of dining and entertainment options. Imagine enjoying a sunny afternoon at the beach, then strolling over to one of the many local cafes or restaurants that line the streets. The vibrant arts scene and community events throughout the year add to the area’s allure, making it a fantastic place to call home.

With its rich history and bright future, Westside is not just a place to live; it’s a lifestyle. Explore the potential of these homes with apartment subtypes and discover how Westside can be the perfect backdrop to your next chapter. Embrace the California dream in Long Beach’s Westside, where every day feels like a vacation!

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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