Westside (11) Homes with Apartment Subtype

Welcome to the Westside of Long Beach, California, a vibrant and diverse community nestled within the sprawling Los Angeles County. This charming region is known for its picturesque neighborhoods, inviting atmosphere, and proximity to some of the best amenities Southern California has to offer. With its stunning coastal views, beautiful parks, and rich cultural scene, the Westside is a perfect blend of urban convenience and serene living.

The Westside features an array of homes that cater to various lifestyles, including a unique selection of properties with apartment subtypes. These homes offer an excellent opportunity for both first-time buyers and seasoned investors alike. Whether you’re looking for a cozy duplex or a spacious multi-family unit, the Westside has something to suit your needs. The apartment-style homes here are designed to maximize space and comfort, providing residents with modern amenities while maintaining a sense of community.

Living in the Westside means easy access to the beautiful beaches of Long Beach, where you can enjoy sun-soaked days and stunning sunsets. The area is also home to a variety of local shops, trendy restaurants, and vibrant nightlife, ensuring that there's always something to explore. Families will appreciate the nearby schools and parks, making it an ideal place to raise children.

Discover the charm of Westside Long Beach, where your dream home awaits in a community that embraces both relaxation and excitement. Whether you're looking to invest or settle down, this region promises a fulfilling lifestyle in one of California's most beloved cities.

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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