617 West 3rd Street Long Beach, CA $ 1,899,000
617 West 3rd Street
$ 1,899,000
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617 West 3rd Street

Long Beach, CA, 90802
$ 1,899,000
Baths1.0 Sq 7,190

Monthly Estimate*

$ 11,692

Listed by Century 21 Masters
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Studio

Multi-Family Home for sale in Long Beach, CA

for $1,899,000 with 1 full bath. This 7,190 square foot home was built in 1921 on a lot size of 0.1724.

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 Long Beach 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, this 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 its 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 property itself presents a rare opportunity for investors to capture both immediate income and future upside. 9 units comprising of 2 4-unit apartment style buildings and 1 Craftsman Single Family with a 2 car garage in between. Several of the units have recent upgrades, recent utility upgrades have been completed as well, fully rented with a number of long term tenants.

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Multi-Family Active

Price

$ 1,899,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1724

Year Built

1921

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

PW26065075

Days on Market

21

Features
General
Sewer Public Sewer
Heating Floor Furnace
Cooling None
Utilities Cable Available Electricity Available Electricity Connected Natural Gas Available Phone Available Phone Connected Sewer Available Sewer Connected Water Available Water Connected
Zoning LBPD30
Garage Spaces 2
Pool Features None
Year Built 1921
Tenant Pays Cable TV Electricity Gas Telephone
View Neighborhood
Stories Count 2
Levels Two
Property Subtype Mixed Use
Gross Income 167208
Community Features Street Lights Sidewalks Urban
County Los Angeles
Net Operating Income 114376
Operating Expense 52532
Insurance Expense 9600
New Construction false
Property Type Residential Income
MaintenanceExpense 3600
Subdivision Name Downtown (DT)
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions Between Maine and Magnolia on 3rd St
City Long Beach
Entry Location frist floor
Senior Community Y/N false
Open Parking Spaces 2
Number Of Units Total 9
MLS Area 4 - Downtown Area Alamitos Beach
Lot Size Units Square Feet
Lot Size Square Feet 7508
Listing Terms Cash to Existing Loan
Spa Features None
Property Attached Y/N false
Land Lease Y/N false
Electric Expense 0
Fuel Expense 0
Trash Expense 3500
Water Sewer Expense 5500
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 23
Property Sub Type Additional Mixed Use
Taxes 21360
Cap Rate 6.02
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Interior
Fireplace Features None
Total Stories 2
Common Walls No Common Walls
Air Conditioning Y/N false
Heating Y/N true
Fireplace Y/N false
Laundry Features None
Entry Level 1
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Exterior
Parking Features Garage
Lot Features Walkstreet
Water Source Public
Total Parking 4
Lot Size Area 7508
Number of Buildings 2
Spa false
Building Area Total 7190
Lot Size Acres 0.1724
Road Surface Type Paved
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 9
Number of Separate Gas Meters 9
Number of Separate Electric Meters 9
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* Excluded Features
List By
Century 21 Masters

Broker

melinda@theelmerteam.com

Email

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$11,692
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Monthly Principal & Interest
$11,692
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/27/2026$1,899,000 Listed Price

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617 West 3rd Street, Long Beach, CA, 90802 is a Multi-Family Home for sale at $1,899,000 with 7,190 sqft and a lot size of 0.1724. 617 West 3rd Street is a studio with 1.0 baths and was built in 1921. The property's zip code is 90802 which is in Long Beach, CA