Home | Los Angeles County | Long Beach | 90802 | 515 W 3rd
MLS: CROC26123229 | Status: | Price: $5,600,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 6,093 | 1928 |
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 Highw
| Field | Value |
|---|---|
| MLS # | CROC26123229 |
| MLS Source | California Regional MLS |
| Days on Site | 2 |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 0 Car(s) |
Mike Marcu
Mike Marcu, Broker
License #: 00919594
Phone: (949) 688-1224
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 25 | – |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Chavez Elementary School | public | K-5 | 0.17 mi | 6 |
| Edison Elementary School | public | K-5 | 0.30 mi | 3 |
| International Elementary School | public | K-5 | 0.56 mi | 5 |
| Renaissance High School For The Arts | public | 9-12 | 0.65 mi | 8 |
| Stevenson Elementary School | public | K-5 | 0.86 mi | 5 |
| Franklin Classical Middle School | public | 6-8 | 1.25 mi | 4 |
| Roosevelt Elementary School | public | K-5 | 1.30 mi | 5 |
| Educational Partnership High School | public | 9-12 | 1.30 mi | 3 |
| Lincoln Elementary School | public | K-5 | 1.43 mi | 7 |
| Polytechnic High School | public | 9-12 | 1.43 mi | 7 |
| Cabrillo High School | public | 9-12 | 1.89 mi | 3 |
| Whittier Elementary School | public | K-5 | 1.95 mi | 5 |
| Burbank Elementary School | public | K-5 | 1.96 mi | 7 |
| Burnett Elementary School | public | K-5 | 2.01 mi | 4 |
| Garfield Elementary School | public | K-5 | 2.02 mi | 5 |
| Robinson Academy | public | K-8 | 2.09 mi | 5 |
| Washington Middle School | public | 6-8 | 2.09 mi | 4 |
| Lafayette Elementary School | public | K-5 | 2.14 mi | 5 |
| Jessie Nelson Academy | public | 6-8 | 2.29 mi | 3 |
| Hudson K-8 | public | K-5 | 2.38 mi | 6 |
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This listing information is up-to-date as of June 06, 2026. For the most current information, please contact Mike Marcu, (949) 688-1224.