Renovated 22-Unit Apartment
For Sale
$4,400,000
445 E 3rd, Long Beach, CA 90802
COMMERCIAL - Long Beach, CA
Property SizeContact for details
Lot Size0.11 Acres
Days on Market9
Property Features for 445 E 3rd
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
1
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Laundry Room, Bathroom 2
Subdivision
Other (OTHR)
Lot features
21-25 Units/ Acre
Directions
Atlantic Ave
Standard status
Active
APN
7281010017
Lot size
0.11 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1922
Floors in Building
3
Number of units
22
Listing Agency:
Keller Williams Realty Downey
(562) 334-1500
Listed By:
Robert Stepp · License #01456379
(310) 463-2916
Added: Aug 4
Changed: Aug 11
Last Checked: Aug 12 at 5:06AM
MLS# PW26170001
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 22-unit apartment building includes 14 studios and 8 one-bedroom, one-bath units. Unit interiors have been renovated with designer fixtures and finishes, while improvements to the hallways, stairwells, entry keypads, turf, and landscaping update the shared and exterior areas. The property was built in 1922 and is served by public water and public sewer.
Located at 445 E. 3rd Street in Long Beach’s East Village Arts District, the asset is positioned within Downtown Long Beach. The 0.1149-acre site contains a compact multifamily configuration with an on-site laundry room. In-place performance is identified at a 5.84% cap rate and 10.10 GRM, with a stated stabilized projection of a 6.82% cap rate and 9.12 GRM.
Located at 445 E. 3rd Street in Long Beach’s East Village Arts District, the asset is positioned within Downtown Long Beach. The 0.1149-acre site contains a compact multifamily configuration with an on-site laundry room. In-place performance is identified at a 5.84% cap rate and 10.10 GRM, with a stated stabilized projection of a 6.82% cap rate and 9.12 GRM.
Key Highlights
- 22‑unit configuration with 14 studios and 8 one‑bedroom, one‑bath units
- Renovated unit interiors with designer fixtures and finishes
- Updated hallways, stairwells, entry keypads, turf, and landscaping
Property Analytics
Property Profile
Current Use
Lease Details
22
Residential units
Location Intelligence
Trade Area within ½ mile
5,511
Businesses Nearby
Explore this area
Business Placement
Demographics for 90802, CA
41,686
Population
25,055
Households
1.7
Avg Household Size
37
Median Age
44%
College-Educated
88%
High-School Grad
6.5 sq mi
ZIP Area
6,413
Density / Sq Mi
$72,152
Median Household Income
$52,011
Median Earnings
$1,855
Median Rent
$546,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Renovated interiors and upgraded common areas support a contemporary multifamily offering.
Where is this apartment building located?
The property is located at 445 E 3rd Long Beach, CA.
What is the asking price?
The asking price for this property is $4,400,000.
What are key features of this property?
This property features: 22‑unit configuration with 14 studios and 8 one‑bedroom, one‑bath units; Renovated unit interiors with designer fixtures and finishes; Updated hallways, stairwells, entry keypads, turf, and landscaping
