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617 West 3rd Street

Long Beach, CA 90802
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Bed 9

Bed

Bath 9

Bath

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 p roperty 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 7.33% cap rate, offering stable in-place income with additional upside potential.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,650,000

AD Id : 76534061

MLS Id : PW26065075

Beds : 9

Lot Size : 7,508 Sqft

Year Built : 1921

Garage : 2

County : Los Angeles

Subdivision: Country Club Estates

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Feature Features

  • Heating & Cooling

    Has Heating: Yes Heating: FloorFurnace Cooling: None

  • Building Information

    Year Built: 1921
    Building Area Total: 7190
    Stories: 2
    Pool Features: None
    Private Pool: No
    View: Neighborhood

  • Lot Information

    Main Square Feet: 7508 Lot Size Acres: 0.1724 Lot Size Source: Assessor Lot Size Square Feet: 7,508 Lot Description: Walkstreet

    Property Information

    Subdivision: Downtown (DT) Source Property Type: ResidentialIncome Property SubType: Mixed Use Levels: Two Property Age: 105

  • Listing Price Information

    Listing Price: $1650000
    Original Price: $1899000
    CashToExistingLoan

  • Tax Information

    Parcel Number: 7278022021 Tax Lot: 23 Tax Block: 137

  • Utility Information

    CableAvailable, ElectricityAvailable, ElectricityConnected, NaturalGasAvailable, PhoneAvailable, PhoneConnected, SewerAvailable, SewerConnected, WaterAvailable, WaterConnected
  • Location Information

    Direction: Between Maine and Magnolia on 3rd St WaterSource: Public
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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

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/12/2026 @ 04:45

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

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