Westside (11) Homes with Apartment Subtype

Welcome to the vibrant Westside region of Long Beach, California, where coastal charm meets urban sophistication! Nestled in Los Angeles County, this dynamic area is perfect for those seeking a blend of beachside living and city conveniences. Known for its picturesque neighborhoods, Westside offers a diverse array of homes, particularly appealing for those interested in properties with apartment subtypes.

The Westside is characterized by its close-knit community vibe, tree-lined streets, and access to stunning beaches. Residents enjoy a variety of recreational activities, from sunbathing on the sandy shores of Long Beach to exploring the scenic parks and waterfront trails. The area is also rich in cultural attractions, including the renowned Long Beach Museum of Art and the vibrant local dining scene, offering everything from casual eateries to upscale restaurants.

Homes in the Westside area provide a unique opportunity for both homeowners and investors. With a variety of apartment-style properties available, these homes cater to a range of lifestyles. Whether you're looking for a cozy studio or a spacious multi-bedroom unit, you're sure to find something that suits your needs. Many of these homes come equipped with modern amenities and are designed to maximize comfort and convenience.

Living in Westside means embracing a lifestyle filled with community spirit and coastal beauty, all while being just a short drive from the bustling heart of Los Angeles. If you’re ready to discover your dream home in this charming neighborhood, the Westside of Long Beach awaits you!

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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