Westside (11) Homes with Apartment Subtype

Welcome to the vibrant region of Westside (11) in Long Beach, CA, located in the heart of Los Angeles County. Known for its eclectic mix of urban amenities and natural beauty, Westside (11) offers a unique living experience for residents of all ages.

One of the standout features of this region is the abundance of homes with Apartment Subtype, making it an ideal choice for those seeking a versatile and convenient living space. Whether you're looking for a cozy studio or a spacious multi-bedroom unit, Westside (11) has a variety of options to suit your needs.

In addition to its diverse real estate offerings, Westside (11) boasts a thriving community with easy access to local parks, shopping centers, and dining hotspots. Residents can enjoy a leisurely stroll along tree-lined streets or take in the stunning views of nearby parks and green spaces.

With its prime location in Long Beach, residents of Westside (11) have convenient access to major highways and public transportation, making it easy to explore all that the city has to offer. Whether you're a first-time homebuyer or a seasoned investor, Westside (11) presents a unique opportunity to experience the best of Long Beach living.

Discover the perfect blend of comfort and convenience in Westside (11), where homes with Apartment Subtype await you. Don't miss your chance to be a part of this dynamic community in one of Long Beach's most sought-after regions.

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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