445 E 3rd, Long Beach, CA 90802

Long Beach
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
445 E 3rd,Long Beach, CA 90802
$4,400,000
  • - Beds
  • - Baths
  • 12,150 sq. ft.
  • Multi-family
  • Active
Listed by: robert stepp
Office: keller williams realty downey562-334-1500
MLS#:PW26170001
Source:CRMLS

Price summary

  • Price:$4,400,000
  • Price per sq. ft.:$362.14

About this home

445 E. 3rd Street is a 22-unit multifamily asset located in Long Beach’s East Village Arts District, a dense, walkable submarket within Downtown that continues to attract a steady base of renters driven by proximity to employment, transit, and lifestyle amenities. The property consists of (14) studio units and (8) 1BD/1BA, providing an efficient unit mix aligned with prevailing demand in the area. The seller has invested approximately $530,000 in capital improvements, including interior common areas (hallways, stairwells, keypads), unit interior renovations, new turf and landscaping on exteriors. All unit interiors are completely renovated with designer fixtures and finishes. Approximately $18,200 has been invested per studio unit renovation and ~$19,200 invested per 1BD/1BA renovation. 445 E. 3rd Street is priced at a 5.84% cap rate and 10.10 GRM in place, with clear embedded upside. As rents move to market and RUBS is implemented, the property stabilizes at a 6.82% cap rate and...

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Home facts

  • Year built:1922
  • Subdivision & Development:East Village Arts District
  • Listing ID #:PW26170001
  • Added:97 day(s) ago
  • Updated:November 12, 2026 at 01:08 PM

Rooms and interior

  • Living area:12,150 sq. ft.

Structure and exterior

  • Year built:1922
  • Building area:12,150 sq. ft.
  • Lot area:0.11 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$4,400,000
  • Price per sq. ft.:$362.14
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