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$ 1,950,000
Est. payment | /mo
3 Beds
3 Baths
$ 1,950,000
Est. payment | /mo
3 Beds
3 Baths
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Alamitos Beach (Ab)
MLS Listing ID PW25122555
Bedrooms 3
Property Sub-Type Res Income 2-4 Units
Property Description
Exciting Investment Opportunity in Downtown Long Beach Prime PD-30 Zoning, 7,500 sf lot! Welcome to 545 W 3rd St, a rare and versatile multi-family property offering tremendous potential for redevelopment in one of Long Beachs most desirable areas. Situated on a prime lot with coveted PD-30 zoning, this property may offer the potential for up to 40 units (buyer to verify with the city). The current configuration includes four spacious 3-bedroom, 2-bath units, providing solid rental income while you explore development options. Each unit is well-sized, offering comfortable layouts and potential for renovations or upgrades. Rare gated parking with 10 parking spaces. Location is everything, and this property is just steps away from the Gov. George Deukmejian Courthouse, shops, restaurants, and public transit. Whether you're walking to local coffee shops, dining out, or commuting, convenience is at your tenant's doorstep. Dont miss this incredible opportunity to own a property with strong income potential and significant upside in one of Southern Californias fastest-growing markets.
Location
State CA
County Los Angeles
Zoning Assessor
Direction West on 3rd St towards the 710 FWY
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 7278022037
Listed by George Bustamante Coldwell Banker Commercial
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