515 W 3rd
Long Beach, CA 90802
0
Bed
0
Bath
9,588Sqft
6,093Sqft(Lot)
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 remodel
Property Details
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Map
What's Nearby
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Features
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Building Information
Year Built: 1928Building Area Total: 9588Pool Features: NonePrivate Pool: No
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Lot Information
Main Square Feet: 6093 Lot Size Acres: 0.1399 Lot Size Source: Assessor Lot Size Square Feet: 6,093 Lot Description: 21-25 Units/Acre,Sprinkler System,Zero Lot LineProperty Information
Subdivision: Other Source Property Type: Residential Income Property SubType: Apartment Property Age: 98
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Listing Price Information
Listing Price: $5600000Cash, Cash to Existing Loan
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Tax Information
Parcel Number: 7278022040 Tax Lot: 26 Tax Block: 138
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Location Information
Direction: #rd Street west just past Magnolia WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1738 E 4th, Long Beach, CA, 90802 | $299,998 | -- | 1 | 397 | 15,144 Sqft |
| 1738 E 4th Street #15, Long Beach, CA, 90802 | $279,000 | -- | 1 | 398 | -- |
| 1427 E 4th, Long Beach, CA, 90802 | $1,999,000 | 2 | 6 | -- | 2,951 Sqft |
| 530 Almond Avenue, Long Beach, CA, 90802 | $1,250,000 | 3 | 2 | 1,962 | 7,332 Sqft |
| 216 Esperanza, Long Beach, CA, 90802 | $1,394,900 | 4 | 4 | -- | 3,296 Sqft |
| 1310 E Ocean #405, Long Beach, CA, 90802 | $819,000 | 1 | 1 | 990 | 428,970.98 Sqft |
| 1152 E 1st Street, Long Beach, CA, 90802 | $6,999,000 | 8 | 30 | 19,800 | 8,234 Sqft |
| 1142 E 1st Street, Long Beach, CA, 90802 | $3,475,000 | 14 | -- | 8,965 | 8,224 Sqft |
| 1042 1048 E Broadway, Long Beach, CA, 90802 | $1,635,000 | 3 | 2 | -- | 0.09 Acre |
| 947 E Broadway #2, Long Beach, CA, 90802 | $290,000 | 1 | 1 | 582 | 7,203 Sqft |
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ByOwner last updated this listing 09/13/2026 @ 08:21
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