617 West 3rd St Long Beach, CA 90802
New
- Added:
- Apr 24, 2026
- Days on Market:
- 4
- Last Refresh:
- Apr 24 at 4:05 pm
Property Features for 617 West 3rd St
General Information
- Standard status
- Active
- Property subtype
- Investment
Building Details
- Year Built
- 1921
Listing agent James Kelsey
Listing office CENTURY 21 MASTERS-ARROYO GRANDE (805) 481-4297
Listing date Apr 24, 2026
Source Elliman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 MASTERS-ARROYO GRANDE
Overview
Long Beach 9-Unit Investment Property
This 9-unit property is located in Long Beach, CA, within the Downtown Long Beach corridor. The property is situated minutes from the waterfront, Pine Avenue, and major employment hubs. The location benefits from rental demand driven by lifestyle and location. Long Beach is experiencing sustained growth due to redevelopment, proximity to ports, and accessibility to Los Angeles and Orange County. The area attracts young professionals, students, and long-term residents seeking an urban coastal environment with walkability and transit access. The property includes 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 been completed. The property is fully rented with long-term tenants and operates at approximately a 6.02% cap rate, offering stable in-place income with additional upside potential. The bike score is 61, making it bikeable, the walk score is 53, indicating it is somewhat walkable, and the transit score is 66, indicating good transit.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Long Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.1998747
- Latitude
- 33.7708102
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 9-unit property in vibrant Long Beach, CA. Fully rented.
Where is this apartment building located?
The property is located at 617 West 3rd St Long Beach, CA.
What is the asking price?
The asking price for this property is $1,849,000.
What are key features of this property?
This property features: Prime location in Downtown Long Beach, near the waterfront, Pine Avenue, and major employment hubs.; 9‑unit property consisting of two apartment buildings and a single‑family residence with a detached garage.; Fully rented property operating at approximately a 6.02% cap rate, providing stable income.
