Westside (11) Homes with Apartment Subtype

Welcome to the vibrant Westside of Long Beach, California, where coastal charm meets urban convenience! Nestled in the heart of Los Angeles County, this dynamic neighborhood is renowned for its eclectic mix of residential options, particularly homes with apartment subtypes that cater to a variety of lifestyles.

The Westside boasts a unique blend of single-family homes and multi-family apartments, making it an ideal choice for families, young professionals, and investors alike. With its close proximity to the stunning beaches of Long Beach, residents enjoy a laid-back coastal lifestyle while being just a stone's throw away from the bustling downtown area. The Westside is known for its friendly community atmosphere, featuring tree-lined streets, local parks, and a diverse array of shops and eateries that reflect the rich cultural tapestry of the region.

For those seeking the flexibility of apartment living, the Westside offers a plethora of options, from cozy studios to spacious multi-bedroom units. Many of these homes come equipped with modern amenities, ensuring comfort and convenience while still maintaining a sense of charm. The area’s strong rental market makes it an attractive choice for investors looking to capitalize on Long Beach's growing popularity.

In addition to its residential appeal, the Westside is conveniently located near major transportation routes, making commuting to downtown Los Angeles or neighboring cities a breeze. With its perfect blend of beachside living and urban accessibility, the Westside of Long Beach truly offers something for everyone. Come discover your dream home in this lively and welcoming community!

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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