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 area is known for its eclectic blend of residential living, cultural attractions, and stunning waterfront views. The Westside is a haven for those seeking a laid-back lifestyle without sacrificing the conveniences of city living.

Homes in the Westside area offer a unique opportunity for buyers and investors alike, particularly those interested in properties with apartment subtypes. These residences often feature spacious layouts, modern amenities, and the potential for rental income, making them an attractive option for multi-generational families or savvy investors looking to capitalize on the area's thriving rental market.

Imagine waking up in a stylish apartment with views of the Pacific Ocean, just a stone's throw from the sandy beaches and bustling boardwalk. The Westside is not just about beautiful homes; it boasts a vibrant community filled with parks, local shops, and eclectic eateries. Enjoy weekend strolls along the shoreline, or indulge in the rich cultural offerings, including art galleries and live music venues.

With its convenient access to major highways, public transportation, and proximity to downtown Long Beach, Westside residents enjoy the perfect balance of tranquility and connectivity. Whether you're searching for a cozy apartment or a spacious family home, the Westside of Long Beach promises a lifestyle full of sun, sea, and community spirit. Discover your dream home in this charming coastal enclave 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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