545 W 3rd Street, Long Beach, CA 90802 - MLS#PW25122555

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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 1,950,000

Est. payment | -/mo

3 Beds

3 Baths

Save

$ 1,950,000

Est. payment | -/mo

Save

3 Beds

3 Baths

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision Alamitos Beach (Ab)

MLS Listing ID PW25122555

Bedrooms 3

Property Sub-Type Res Income 2-4 Units

Property Description

Exciting Investment Opportunity in Downtown Long Beach Prime PD-30 Zoning, 7,500 sf lot! Welcome to 545 W 3rd St, a rare and versatile multi-family property offering tremendous potential for redevelopment in one of Long Beachs 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. Rare gated parking with 10 parking spaces. 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. Dont miss this incredible opportunity to own a property with strong income potential and significant upside in one of Southern Californias fastest-growing markets.

Location

State CA

County Los Angeles

Zoning Assessor

Direction West on 3rd St towards the 710 FWY

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 7278022037

Listed by George Bustamante Coldwell Banker Commercial

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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545 W 3rd Street Long Beach, CA 90802