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Listed by George Bustamante • Coldwell Banker Commercial
$1,950,000
Est. payment /mo
5,449 SqFt
New
545 West 3rd Street Long Beach, CA 90802
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 5,449 sqft
Price per Sqft $357
Subdivision Alamitos Beach
MLS Listing ID PW-25122555
Year Built 1911
Lot Size 7,502 Sqft
Property Sub-Type Quadruplex
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 Beach's 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. Don't miss this incredible opportunity to own a property with strong income potential and significant upside in one of Southern California's fastest-growing markets.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBPD30
Interior
Laundry In Closet
Exterior
Parking Features Private, Unassigned
Pool None
Community Features Curbs, Park, Sidewalks, Storm Drains, Street Lights
Building
Lot Description Near Public Transit, Rectangular Lot, Walkstreet
Sewer Public Sewer