Westside (11) Homes with Apartment Subtype

Welcome to the vibrant Westside region of Long Beach, California, where the sun-kissed coastline meets a rich tapestry of culture, community, and convenience. Nestled within Los Angeles County, this dynamic area is known for its eclectic mix of residential options, and it’s particularly celebrated for its charming homes with apartment subtypes that cater to a variety of lifestyles.

Westside boasts a unique blend of architectural styles, from quaint bungalows to modern multi-family residences. Whether you're seeking a cozy apartment or a spacious home, the Westside offers an array of choices that suit families, professionals, and retirees alike. Many of these homes feature open layouts, updated amenities, and outdoor spaces that invite you to enjoy the beautiful Southern California weather year-round.

Beyond the appealing residences, the Westside community is enriched by its proximity to stunning beaches, vibrant parks, and a plethora of dining and shopping options. Residents can take leisurely strolls along the sandy shores, indulge in local cuisine, or explore the artistic flair of nearby galleries and theaters. The area is also well-connected to public transportation, making it easy to explore everything that Long Beach and greater Los Angeles have to offer.

Living in Westside means embracing a lifestyle that balances urban convenience with the charm of coastal living. With a diverse range of homes with apartment subtypes, you’ll find the perfect place to call your own in this welcoming community. Discover the allure of Westside Long Beach, where your dream home awaits amidst sun, surf, and a thriving neighborhood spirit.

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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