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617 West 3rd Street

Long Beach, CA 90802
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Bed 0

Bed

Bath 0

Bath

SqFt7,190

Sqft

SqFt7,508

Sqft(Lot)

Introducing this exceptional 9-unit property located in the heart of vibrant Long Beach, CA. Positioned in one of Southern California’s most dynamic coastal markets, 617 W 3rd Street offers a compelling investment opportunity in the rapidly evolving Downtown Long Beach corridor. Just minutes from the waterfront, Pine Avenue, and the city’s major employment hubs, the property benefits from strong rental demand driven by both lifestyle and location. Long Beach continues to see sustained growth fueled by ongoing redevelopment, proximity to the ports, and accessibility to both Los Angeles and Orange County. The area attracts a diverse tenant base including young professionals, students, and long-term residents seeking an urban coastal environment with walkability and transit access. The pro perty presents a rare opportunity for investors to capture both immediate income and future upside. The 9-unit asset consists of two 4-unit apartment-style buildings and one Craftsman single-family residence with a detached 2-car garage situated between them. Several units have been recently upgraded, and utility improvements have also been completed. The property is fully rented with a number of long-term tenants and operates at approximately a 6.02% cap rate, offering stable in-place income with additional upside potential.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,775,000

AD Id : 76534061

MLS Id : PW26065075

Lot Size : 7,508 Sqft

Living Area Size : 7,190

Year Built : 1921

Garage : 2

County : Los Angeles

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Feature Features

  • Water/Sewer

    Water Source: Public Sewer: Public Sewer
  • Interior Features

    Fireplace: None
  • Cooling Features

    None Air Conditioning

    Heating Source

    Floor Furnace Has Heating

    Fireplace

    Fireplace Features: None Has Fireplace: 0

  • Building Information

    Year Built: 1921 Building Area Total: 7,190
  • Pool Features

    None

    Laundry Features

    None

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1724
  • Lot Size Source: Assessor Lot Size Square Feet: 7508

  • Listing Price Information

    Original List Price: 1,775,000 Listing Contract Date: 2026-03-11
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 7278022021

  • Garage and Parking

    Garage Description: Garage

    Homeowners Association

  • Rental Info

    Lease Term: Negotiable Tenant Pays: Cable TV,Electricity,Gas,Telephone

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: 4 - Downtown Area, Alamitos Beach Directions: Between Maine and Magnolia on 3rd St Zoning: LBPD30 Source Property Type: Residential Income Area: 4 - Downtown Area, Alamitos Beach Property SubType: Mixed Use
  • Building and Construction

    Property Age: 105 Common Walls: No Common Walls Structure Type: Mixed Use Year Built Source: Assessor Entry Level: 1 Entry Location: frist floor Levels or Stories: Two Building Total Stories: 2
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1738 E 4th, Long Beach, CA, 90802 $299,998 -- 1 397 397 SqFt
1738 E 4th Street #15, Long Beach, CA, 90802 $279,000 -- 1 398 398 SqFt
1820 E 2nd, Long Beach, CA, 90802 $5,150,000 -- -- 8,130 8,130 SqFt
1545 E 4th Street, Long Beach, CA, 90802 $1,646,000 7 -- 4,770 4,770 SqFt
1427 E 4th, Long Beach, CA, 90802 $1,999,000 -- -- 5,065 5,065 SqFt
1250 E 4th, #8, Long Beach, CA, 90802 $280,000 1 1 654 654 SqFt
1042-1048 E Broadway, Long Beach, CA, 90802 $1,749,000 -- -- 3,576 3,576 SqFt
955 E 2nd, Long Beach, CA, 90802 $899,900 2 1 1,304 1,304 SqFt
930 E 1st Street #2, Long Beach, CA, 90802 $310,000 1 1 557 557 SqFt
708 E Alta Way, Long Beach, CA, 90802 $629,000 2 1 688 688 SqFt

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ByOwner last updated this listing 06/12/2026 @ 12:34

MLS: PW26065075 LISTED BY: Melinda Elmer, Century 21 Masters 800-463-0977 SOURCE: CRMLS

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