Westside (11) Homes with Apartment Subtype

Welcome to the vibrant Westside region of Long Beach, California, where coastal charm meets urban sophistication. Nestled within Los Angeles County, this dynamic neighborhood is renowned for its eclectic mix of culture, community, and convenience. With stunning views of the Pacific Ocean and an array of recreational activities, Westside is a haven for those seeking a balanced lifestyle.

The Westside is characterized by its diverse architecture, featuring charming homes with apartment subtypes that cater to a variety of living arrangements. Whether you're a first-time homebuyer or an experienced investor, you'll find an impressive selection of properties that blend comfort with modern amenities. Many of these homes boast spacious layouts, updated kitchens, and outdoor spaces perfect for entertaining or relaxing after a day at the beach.

Living in Westside means embracing a lifestyle filled with opportunities. Residents enjoy easy access to beautiful parks, trendy cafes, and vibrant local markets. The nearby shoreline offers a plethora of water activities, from paddleboarding to beach volleyball, ensuring that outdoor enthusiasts will always find something to do. Additionally, Westside’s proximity to downtown Long Beach provides residents with a wealth of shopping, dining, and entertainment options.

Whether you’re looking for a cozy apartment or a multi-family home, the Westside of Long Beach presents an inviting real estate market that’s perfect for those who appreciate the beauty of coastal living combined with the conveniences of urban life. Discover your dream home in this charming community today!

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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