Home | Los Angeles County | Long Beach | 90802 | 617 West 3rd Street
MLS: CRPW26065075 | Status: | Price: $1,849,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 7,508 | 1921 |
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 6.02% cap rate, offering stable in-place income wi
| Field | Value |
|---|---|
| MLS # | CRPW26065075 |
| MLS Source | California Regional MLS |
| Days on Site | 29 |
| Feature | Details |
|---|---|
| Laundry | None |
| Cooling | None |
| Heating | Floor Furnace |
| Feature | Details |
|---|---|
| Garage/Parking | Garage, Garage: 2 Car(s) |
| Listing Agent | Co-Listing Agent |
|---|---|
| Melinda Elmer | James Kelsey |
| Century 21 Masters | |
| License #: 01399946 | License #: 01354722 |
| Phone: – | Phone: – |
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | – |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Chavez Elementary School | public | K-5 | 0.10 mi | 6 |
| Edison Elementary School | public | K-5 | 0.28 mi | 3 |
| International Elementary School | public | K-5 | 0.66 mi | 5 |
| Renaissance High School For The Arts | public | 9-12 | 0.69 mi | 8 |
| Stevenson Elementary School | public | K-5 | 0.94 mi | 5 |
| Washington Middle School | public | 6-8 | 1.06 mi | 4 |
| Franklin Classical Middle School | public | 6-8 | 1.29 mi | 4 |
| Educational Partnership High School | public | 9-12 | 1.31 mi | 3 |
| Roosevelt Elementary School | public | K-5 | 1.35 mi | 5 |
| Polytechnic High School | public | 9-12 | 1.47 mi | 7 |
| Lincoln Elementary School | public | K-5 | 1.50 mi | 7 |
| Cabrillo High School | public | 9-12 | 1.86 mi | 3 |
| Whittier Elementary School | public | K-5 | 2.01 mi | 5 |
| Burbank Elementary School | public | K-5 | 2.02 mi | 7 |
| Garfield Elementary School | public | K-5 | 2.03 mi | 5 |
| Burnett Elementary School | public | K-5 | 2.05 mi | 4 |
| Lafayette Elementary School | public | K-5 | 2.12 mi | 5 |
| Reid High School | public | 11-12 | 2.14 mi | 2 |
| Alvarado Elementary School | public | K-5 | 2.15 mi | 9 |
| Robinson Academy | public | K-8 | 2.15 mi | 5 |
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This listing information is up-to-date as of April 24, 2026. For the most current information, please contact Melinda Elmer.