617 West 3rd Street, Long Beach, CA 90802
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
617 West 3rd Street,Long Beach, CA 90802
$1,650,000
- - Beds
- - Baths
- 7,190 sq. ft.
- Multi-family
- Pending
Listed by: melinda elmer, james kelsey
Office: century 21 masters800-463-0977
MLS#:PW26065075
Source:CRMLS
Price summary
- Price:$1,650,000
- Price per sq. ft.:$229.49
About this home
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 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, the 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 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 presents a rare opportunity for investors to capture both immediate income and future upside. The 9-unit asset consists of two 4-unit apartment-style buildings and one Craftsman single-family residence with a detached 2-car garage situated between them. Several units have been recently upgraded, and utility improvements have also been completed. The property is fully rented with a number of long-term tenants and operates at approximately a 7.33% cap rate, offering stable in-place income with additional upside potential....
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Home facts
- Year built:1921
- Subdivision & Development:Downtown (DT)
- Listing ID #:PW26065075
- Added:229 day(s) ago
- Updated:November 12, 2026 at 09:16 AM
Rooms and interior
- Living area:7,190 sq. ft.
Heating and cooling
- Heating:Floor Furnace
Structure and exterior
- Year built:1921
- Building area:7,190 sq. ft.
- Lot area:0.17 Acres
- Lot Features:Walkstreet
- Levels:2 Story
Utilities
- Water:Public, Water Available, Water Connected
- Sewer:Public Sewer, Sewer Available, Sewer Connected
Finances and disclosures
- Price:$1,650,000
- Price per sq. ft.:$229.49
Parking
- Total parking spaces:4
- Parking description:Garage
- Garage:Yes
- Garage spaces:2
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