Homes for sale - 545 W 3rd ST, Long Beach, CA 90802

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Edward Kapanadze

edward@homesearch-la.com +1(310) 870-0404

$ 1,950,000

Est. payment | -/mo

7,501 Sqft Lot

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$ 1,950,000

Est. payment | -/mo

Save

7,501 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Alamitos Beach (Ab)

MLS Listing ID PW25122555

HOA Y/N No

Year Built 1911

Lot Size 7,501 Sqft

Property Sub-Type Quadruplex

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 Beach's 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. Don't miss this incredible opportunity to own a property with strong income potential and significant upside in one of Southern California's fastest-growing markets.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Zoning LBPD30

Interior

Fireplace No

Laundry Laundry Closet

Exterior

Parking Features Gated, Private, Unassigned

Pool None

Community Features Curbs, Park, Storm Drain(s), Street Lights, Sidewalks

Total Parking Spaces 10

Private Pool No

Building

Lot Description Near Public Transit, Rectangular Lot, Walkstreet

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7278022037

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

Listed by George Bustamante • Coldwell Banker Commercial • 714-856-7017

545 W 3rd ST Long Beach, CA 90802