Westside (11) Homes with Apartment Subtype

Welcome to the vibrant Westside region of Long Beach, California, where the coastal charm meets urban sophistication! Nestled within Los Angeles County, this dynamic neighborhood is not just a place to live; it’s a lifestyle that captures the essence of Southern California living.

The Westside is renowned for its eclectic mix of residential properties, with a particular highlight being its charming homes featuring apartment subtypes. These unique properties offer the perfect blend of comfort and versatility, catering to a variety of lifestyles, whether you're a first-time homebuyer, a growing family, or an investor seeking rental opportunities. With spacious layouts and modern amenities, these homes provide residents with the perfect sanctuary while being just a stone's throw from the bustling heart of Long Beach.

Beyond the beautiful homes, the Westside boasts an array of local attractions, from quaint cafes and trendy boutiques to lush parks and scenic beach access. The vibrant community is known for its friendly atmosphere and diverse culture, making it an ideal place to forge lifelong connections. Enjoy leisurely strolls along the coastline, indulge in delectable dining experiences, or immerse yourself in the local art scene – there’s always something exciting happening in Westside Long Beach.

With its prime location, diverse housing options, and a strong sense of community, the Westside is not just a neighborhood; it’s a place where dreams come home. Discover your perfect apartment-style home in this captivating region, and embrace all the wonderful experiences that Westside Long Beach has to offer!

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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