Westside (11) Homes with Apartment Subtype

**Discover the Vibrant Westside of Long Beach, CA**

Nestled in the heart of Los Angeles County, the Westside of Long Beach is a vibrant community that seamlessly blends urban charm with coastal allure. Known for its diverse neighborhoods, this area offers residents a unique lifestyle characterized by a rich cultural tapestry, beautiful parks, and proximity to stunning beaches.

The Westside is a haven for those who appreciate the finer things in life, from artisanal cafes to eclectic boutiques. Residents can enjoy leisurely strolls along tree-lined streets, where the warmth of community spirit is palpable. With an array of recreational options, including the nearby Long Beach Museum of Art and the expansive El Dorado Regional Park, there’s no shortage of activities to engage in.

One of the standout features of the Westside is its diverse housing market, particularly homes with apartment subtypes. This makes it an ideal choice for families, young professionals, and investors alike. Whether you’re looking for a cozy duplex or a spacious multi-family unit, the Westside offers a variety of options to suit different needs and lifestyles. These homes often feature modern amenities, open floor plans, and outdoor spaces perfect for entertaining or relaxing.

With its prime location just minutes from downtown Long Beach and easy access to major freeways, the Westside is not just a place to live—it's a lifestyle choice. Embrace the vibrant community, explore the local culture, and find your perfect home in this dynamic region. Experience the best of Southern California living in the Westside of Long Beach!

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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