617 West 3rd St, Long Beach, CA 90802

Building Details

Year Built

1921

Listing agent James Kelsey License #01399946

Listing office j***@gmail.com Show Phone

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 James Kelsey

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Overview

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.

Suggested Use

Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Long Beach

County

Los Angeles

State

California

Longitude

-118.1998747

Latitude

33.7708102

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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.