Westside (11) Homes with Apartment Subtype

**Discover the Charm of Westside Long Beach**

Nestled within the vibrant city of Long Beach, California, the Westside region is a hidden gem that beautifully blends urban convenience with a laid-back coastal lifestyle. Known for its diverse community and rich cultural tapestry, Westside offers residents a unique sense of belonging, making it an ideal place to call home.

Westside Long Beach is characterized by its eclectic mix of residential options, including a variety of homes with apartment subtypes. Whether you’re seeking a cozy studio or a spacious multi-bedroom unit, this area has something for everyone. Many of these homes boast modern amenities and stylish designs, perfect for those who appreciate both comfort and contemporary living.

The neighborhood is surrounded by lush parks, bustling local markets, and a plethora of dining options that reflect the area’s multicultural influences. Residents can enjoy leisurely strolls along the nearby waterfront or take in the stunning views of the Pacific Ocean. With its proximity to major highways and public transportation, commuting to downtown Long Beach or other parts of Los Angeles is a breeze.

For families, Westside is home to reputable schools and community centers that foster a nurturing environment for children. The sense of community is palpable, with local events and festivals bringing neighbors together throughout the year.

If you’re searching for a place that offers both charm and convenience, Westside Long Beach is the perfect destination. Explore the available homes with apartment subtypes and discover your new sanctuary in this vibrant coastal community.

Newest Westside (11) Homes with Apartment Subtype

$5,600,000

OC26123229 MLS ⋅ Active Status

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 Highway, public transportation, and the ongoing redevelopment of Downtown Long Beach. With below-market financing, a strategic downtown location, flexible zoning, and upside through stabilization of occupancy, La Pasada represents a compelling investment opportunity in one of Southern California's most dynamic urban markets. Investment Highlights Seller financing: 75% LTV at 4% interest, interest-only payments for up to 5 years 29-unit workforce housing asset (11 SROs, 14 studios, 4 one-bedrooms) Grandfathered hotel zoning provides operational flexibility Significant recent capital improvements completed Central HVAC in first floor units Opportunity to increase income through lease-up and operational stabilization Walkable Downtown Long Beach location near major employment, entertainment, and waterfront amenities Positioned to benefit from continued investment and redevelopment in Downtown Long Beach Current stabilized cash-on-cash return exceeds 7% with seller financing in place.

515 W 3rd, Long Beach

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