Westside (11) Homes with Apartment Subtype

Westside (11) Homes with Apartment Subtype

Welcome to the vibrant Westside (11) region in Long Beach, CA, a sought-after area situated in Los Angeles County. Known for its eclectic charm and diverse community, Westside (11) offers a unique blend of urban convenience and coastal beauty.

Homes with the Apartment subtype are a popular choice in this region, offering a mix of modern amenities and comfortable living spaces. Whether you're looking for a cozy studio or a spacious multi-bedroom unit, Westside (11) has a range of options to suit your lifestyle.

Residents of Westside (11) enjoy easy access to a variety of local attractions, including trendy cafes, boutique shops, and beautiful parks. With its close proximity to the beach, outdoor enthusiasts can take advantage of the sunny weather and scenic views just a stone's throw away.

If you're searching for a place that combines city living with a relaxed coastal vibe, Westside (11) in Long Beach is the perfect destination for you. Explore the diverse real estate options available in this dynamic region and find your dream home today.

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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