Westside (11) Homes with Apartment Subtype

Welcome to the vibrant Westside region of Long Beach, California, where coastal charm meets urban sophistication. Nestled within Los Angeles County, this dynamic neighborhood is known for its picturesque streets, friendly community, and a variety of amenities that cater to every lifestyle. The Westside is a hidden gem, offering residents the perfect blend of beachside living and city convenience.

Here, you'll find a diverse selection of homes, including those with apartment subtypes, making it an ideal choice for both first-time buyers and seasoned investors. The multifamily properties in this area are not just residences; they are gateways to a thriving lifestyle. Whether you're looking for a cozy two-bedroom apartment or a spacious multi-unit building, Westside has options that cater to your needs.

The Westside community is rich in culture and entertainment, with local parks, trendy cafes, and boutique shops just a stone's throw away. Residents enjoy easy access to the stunning beaches of Long Beach, where you can unwind with a sunset stroll or partake in various water activities. The area is also well-connected, with public transportation options and major highways nearby, making commuting to downtown Los Angeles or other parts of the county a breeze.

Investing in a home with an apartment subtype in Westside not only provides a comfortable living space but also the potential for rental income. With the demand for housing in this desirable area on the rise, now is the perfect time to explore the opportunities that await you in this charming Long Beach neighborhood. Come experience the Westside lifestyle—where community, convenience, and coastal living come together seamlessly!

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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