Westside (11) Homes with Apartment Subtype

Welcome to the vibrant Westside region of Long Beach, California – a hidden gem nestled within Los Angeles County. Known for its eclectic charm and coastal allure, this area is perfect for those seeking a dynamic lifestyle enriched by both urban conveniences and serene beachside living.

The Westside boasts a diverse community, where historic homes blend seamlessly with modern architecture. Here, you’ll find a variety of properties, including charming homes with apartment subtypes, perfect for multi-generational living or as an investment opportunity. These residences often feature spacious layouts, inviting outdoor spaces, and proximity to local amenities, making them ideal for families and young professionals alike.

Living in the Westside means embracing a lifestyle filled with cultural experiences. Enjoy leisurely strolls along the picturesque shoreline, where the sound of crashing waves and the scent of salty air create a tranquil atmosphere. The area is also home to an array of parks, boutique shops, and delightful eateries that showcase the rich culinary diversity of Long Beach.

Moreover, the Westside’s strategic location offers easy access to major highways, making commutes to downtown Los Angeles or nearby cities a breeze. Whether you’re looking for a cozy apartment to call home or a spacious house that accommodates your family’s needs, the Westside has something for everyone.

Explore the charm of Long Beach’s Westside and discover the perfect home that suits your lifestyle – where community, convenience, and coastal beauty meet in perfect harmony. Your dream home awaits!

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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