3rd Street Apartments

Discover the vibrant city of Long Beach, CA, where the property is nestled in a dynamic urban landscape. Long Beach offers a diverse array of attractions and amenities, including the historic RMS Queen Mary, the stunning Aquarium of the Pacific, and the lively downtown waterfront. With its beautiful beaches, bustling arts and culture scene, and an array of outstanding dining and entertainment options, the area embodies the quintessential Southern California lifestyle. Investors will appreciate the property's prime location in a city known for its strong rental market and exciting growth potential, making it an ideal opportunity for multifamily and high-rise investment.Introducing this exceptional 9-unit property located in the heart of vibrant Long Beach, CA. Positioned in one of Southern California’s most dynamic coastal markets, 617 W 3rd Street Long Beach offers a compelling investment opportunity in the rapidly evolving Downtown Long Beach corridor. Just minutes from the waterfront, Pine Avenue, and the city’s major employment hubs, this property benefits from strong rental demand driven by both lifestyle and location. Long Beach continues to see sustained growth fueled by ongoing redevelopment, proximity to the ports, and its accessibility to both Los Angeles and Orange County. The area attracts a diverse tenant base including young professionals, students, and long-term residents seeking an urban coastal environment with walkability and transit access. The property itself presents a rare opportunity for investors to capture both immediate income and future upside. 9 units comprising of 2 4-unit apartment style buildings and 1 Craftsman Single Family with a 2 car garage in between. Several of the units have recent upgrades, recent utility upgrades have been completed as well, fully rented with a number of long term tenants. Whether through strategic renovations, rent optimization, or long-term hold. Additionally, the property’s location within close proximity to public transportation, major freeways, and ongoing city improvements positions it well for continued appreciation. With Long Beach’s pro-housing initiatives and focus on density, assets in this submarket are increasingly attractive for both private and institutional investors. This is an opportunity to acquire a well-located asset in a high-demand rental market with strong fundamentals and long-term growth potential.