UPDATED:
02/25/2025 12:40 AM
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Alamitos Beach (Ab)
MLS Listing ID PW25033854
HOA Y/N No
Year Built 1911
Lot Size 7,501 Sqft
Property Sub-Type Apartment
Property Description
Welcome to 545 W 3rd St, a rare and versatile multi-family property offering tremendous potential for redevelopment in one of Long Beach's most desirable areas. Situated on a prime lot with coveted PD-30 zoning, this property may offer the potential for up to 40 units (buyer to verify with the city).
The current configuration includes four spacious 3-bedroom, 2-bath units, providing solid rental income while you explore development options. Each unit is well-sized, offering comfortable layouts and potential for renovations or upgrades.
Location is everything, and this property is just steps away from the Gov. George Deukmejian Courthouse, shops, restaurants, and public transit. Whether you're walking to local coffee shops, dining out, or commuting, convenience is at your tenant's doorstep.
Don't miss this incredible opportunity to own a property with strong income potential and significant upside in one of Southern California's fastest-growing markets.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBPD30
Interior
Fireplace No
Laundry Laundry Closet
Exterior
Pool None
Community Features Biking, Curbs, Dog Park, Park, Storm Drain(s), Street Lights, Sidewalks
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7278022037
Energy Description 480.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
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Chris & Courtney Cameron
Agent | Office DRE #02021421 | 01766250
Agent Office DRE #02021421 | 01766250