Westside (11) Homes with Apartment Subtype

Welcome to the vibrant Westside region of Long Beach, California—a delightful area that perfectly blends urban convenience with coastal charm. Nestled within Los Angeles County, this neighborhood is a hidden gem that offers an eclectic mix of homes, including a variety of apartment subtypes that cater to diverse lifestyles.

The Westside is known for its rich cultural heritage, boasting a lively community atmosphere where neighbors become friends. With easy access to beautiful beaches, local parks, and a plethora of dining and shopping options, residents enjoy a lifestyle that is both relaxed and invigorating. The nearby Long Beach waterfront is perfect for leisurely strolls, while the bustling downtown area features an array of trendy cafes, boutiques, and entertainment venues.

When it comes to housing, the Westside offers an impressive selection of apartments, providing options for everyone from young professionals to growing families. Many of these homes feature modern amenities, spacious layouts, and access to communal facilities, making them ideal for those looking for comfort and convenience. Whether you're seeking a cozy studio or a multi-bedroom unit, the Westside has something to suit your needs.

The community is also well-connected, with public transportation options and major highways nearby, making commuting a breeze. With its unique blend of urban living and coastal allure, the Westside of Long Beach is not just a place to live—it's a lifestyle. Come discover your new home in this captivating neighborhood, where the sun shines bright, and the community spirit is even brighter!

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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